The insurance

It used to be, the only way to purchase car insurance was through an agent. Now with the digital age in full swing another option is available. Purchasing car insurance directly through the internet is becoming more and more popular, which raises the question do I need an insurance agent?

Start by knowing all the methods to purchase car insurance. Then weigh the benefits of each one. Finally, go with your gut feeling. Car insurance is very important and you want to make sure the coverage is made clear at the time of purchase. Here is a look at three sources of car insurance and the benefits of having an agent.

Three Sources of Car Insurance
Captive Agent: A captive agent is an agent that sells one primary insurance carrier. These agents are not sole proprietors. They work directly for the insurance company. A captive agent’s responsibility is to place business with one designated carrier. Some of the largest insurance carriers such as State Farm, Allstate, and Nationwide employ captive agents. Twenty-four-hour customer service centers are available for most carriers but the agent handles most of the client’s needs directly.
Independent Agent: An independent agent is an agent that sells insurance through multiple carriers. While an independent agent may sell primarily for one carrier, they still have the ability to place business with other carriers if it benefits the client. Independent agents work directly with the client verse the insurance carrier, allowing a broader search of carriers within one agency. Some insurance carriers which use independent agents include Auto-Owners, Citizens, and Hastings Mutual. Twenty-four-hour customer service centers are available for most carriers but the agent handles most of the client’s needs directly.
Direct Online: Buying direct means no agent is involved in the insurance process. The client does most of the work by imputing all the pertinent information online. Some large online insurance carriers include Geico, Progressive, and Esurance.
Benefits of Having an Agent
Personalized Service: Personalized service is something a lot of people still look for in the insurance industry. With so many automated services enforce, it’s a breath of fresh air to see a smiling face, or actually get a person on the phone verse trying to finagle your way through voice prompts. Lots of questions, maintenance, and claims surround car insurance. Having an agent is nice because you can always speak with the same person which builds a strong relationship verse multiple customer representatives.
Knowing Your Area: Having a local agent that knows your area is also a benefit. An agent can relate to you and where you live. If you have a claim, an insurance agent will know the good body shops and glass companies to recommend in your area.
Cash Payments: Cash is becoming scarce, but for the people who don’t want to give it up, most agencies still accept cash payments.
Multi-policy Discount: A big perk for having all your insurance with an agent is the multi-policy discount. Most insurance carriers offering products through an agent include car, home, and financial services which when combined receive a multi-policy discount. A lot of the online companies are not yet offering home or financial products limiting your potential discounts.
Benefits of Buying Direct
Fast Online Convenience: Buying car insurance direct is super fast and convenient. Anytime day or night, you can go online and run your own quote. It’s definitely time effective since with an agent you have to give all your personal information and usually wait for a callback. If you are in a hurry, directly purchasing your insurance online is a great way to go.
Potential Savings: It is possible to get a lower rate when purchasing car insurance direct. Since direct carriers do not pay an agent commission, theoretically the savings are passed on to the customer. One insurance carrier is never single-handedly the best or cheapest for everyone. You will still have to do your research on which carrier is the cheapest for your exact situation.
Insurance agents are no longer mandatory with today’s technology. It is more of a personal preference in how you like to do business whether you need an agent or not. If you are comfortable with insurance terminology and fully understand your policy, foregoing an agent is an option. The smartest option is to shop around for the cheapest price, friendliest service, and a carrier that is convenient for your lifestyle.
If you’re looking for an amusement and entertainment market for your clients, you need the experts. T.H.E Insurance Company is a master in the art of insuring amusement risks.

Independent agents have been benefitting from our deep knowledge in these industries for decades. Founded in 1969, T.H.E. provides expert underwriting and highly-efficient claims administration solely for the amusement and entertainment industries. While other insurers have come and gone, T.H.E. remains strong and fully committed to you and your clients.

It’s this kind of inside knowledge and expertise that enables us to professionally underwrite and place these unique risks. We work with you and your clients every step of the way to get the job done. And, we offer you opportunities to expand and grow your business.

In today’s insurance market, the stakes are higher than ever. So don’t take shortcuts with a less experienced partner. Come to T.H.E. for the best and most reliable coverage and service for the amusement and entertainment industries.

In February of 2016, we became part of XL Group Ltd which is backed by 13 billion USD, rated A by A M Best, A+ by S&P, A+ by Fitch and A2 by Moody’s. T.H.E. Insurance Company is rated A- (positive) by A M Best.