|
Car insurance broker
A car insurance broker
is sometimes know as an agent or intermediary.
Car insurance brokers
and intermediaries have access to a panel of insurers, and often have
specially negotiated rates, so will be able to find the most suitable
premium for you. Also by using an intermediary website, you only have
to fill in one set of details. An online quote from a car insurance broker
takes less than five minutes to fill out the form and will usually search
over 20 insurers for the most competitive premium, some examples of online
intermediaries;
Because car insurance
brokerages and agents are specialists in certain cover areas they can
often provide you with more choice from multiple insurance companies,
scheme benefits and discounts, better negotiated cover, and cheaper premiums
than are being offered by an individual insurance company website. This
benefit of a car insurance broker s usually coupled with expert advice
on the levels and type of cover you may need, and help when claims are
needed.
Car insurance brokers
are regulated by the FSA and are members of trade bodies such as BIBA
or the IIB and should conform to their standards and practices. Since
January 14th 2005 all car insurance brokers operating in the UK must be
regulated and authorised by the Financial Services Authority. You can
check the current FSA status of all the directory entries with a link
to the FSA website from each entries page. No new car insurance broker
will be accepted unless proof of FSA authorisation is provided.
|
Compare insurance prices
|
The disadvantage
of price comparison websites is that the cheapest on the list will
usually have the least amount of cover so it is very difficult to compare
like for like.
An insurance broker
compares 100s of similar polices and gives you the cheapest for the level
of cover you requested
|
Direct only insurance deals
|
Cashback, online
discounts, multi-car, home/motor discount and other special deals may
not show up on comparison sites so it's always worth going direct to the
insurer, some companies like DirectLine do not advertise on price comparison
websites.
|
|
|
