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When you are shopping for auto insurance, one of your main concerns will likely be saving money. Getting the best deal for quality coverage is certainly important; however, other factors should also be given top priority. In order to secure affordable coverage that truly reflects your circumstances, you should consult an expert from a reputable provider. If you want to get the most from your car insurance in Edmonton, you might consider the following points.

Car Insurance in Edmonton: Why Saving Money Does Not Always Equal Value

Just as quality over quantity is an important rule of business, getting the right auto insurance in Edmonton is essential. Here are a few reasons that saving money is not necessarily equal to getting good value.

  • Lower premiums could ultimately cost you more “out-of-pocket”: When you opt for lower premiums so that you may save money now, the trade-off is that your deductibles will be higher. This means that by saving money now, you could be facing a hefty price if you need to file a claim. Paying a little more on premiums may seem counterintuitive when you are shopping for car insurance. However, you will be very grateful for doing so if you experience an accident or other misfortune with your vehicle.
  • Minimal coverage may not cover your needs: You might be delighted that you are saving money by opting for the least amount of coverage possible. Unfortunately, limited coverage could be a problem when you actually need your car insurance. You may only have enough to cover the damages to the other vehicle and driver. If that is the case, then you will be stuck paying for your own damages yourself – and that could quickly drain your bank account.
  • The level of service you receive could be sub-par: In addition to paying more after a collision or other issue, you might have to sacrifice good customer service for the lowest rates possible. Instead of being led through the claims process by a knowledgeable staff member, you could find yourself dealing with representatives who show little interest in helping you.

Choose a Reputable Provider for Auto Insurance in Edmonton

Taking a little extra time now to speak with a car insurance expert is a wise strategy. By talking to an industry expert, you can ensure that your needs and circumstances are met properly. It is certainly possible to secure the best rate on car insurance in Edmonton. A trained professional from a trustworthy insurance company will help you to accomplish that without compromising quality coverage.

The professionals at MBS Insurance Brokers Ltd. are dedicated to helping you get the right auto insurance. We understand the value of saving money, but we also know that low rates must be balanced with sufficient coverage. We want to assist you in finding the coverage plan that works for you. If you’d like more information on saving money on car insurance in Edmonton, feel free to speak with one of our representatives today. We’ll always guide you with your best interests in mind.

Call 780-436-7880 or contact us online to discuss a quote for auto insurance in Edmonton.

How an Insurance Broker Saves You Time and Money

Do you know the benefits of an insurance broker?

Suppose you’re looking for the best insurance coverage at the best rates in Edmonton. In that case, you’ll first want to understand the benefits of an insurance broker and how they can help protect you in all sorts of different situations – whether it be saving you money, time or giving you simple peace of mind.

What Are the Benefits of an Insurance Broker?

Here are some of the many benefits of an insurance broker.

 

1. Saves Time

An insurance broker does all the work for you, so you don’t have to spend your valuable time shopping around for insurance. Instead, you simply provide your broker with information about your needs, and they shop the markets on your behalf.

 

2. Saves Money

Insurance brokers work with many different partners to find the best deals on the insurance that works for you. They take all your needs into account and make recommendations that are in your best interest. They have relationships with many insurance partners and can negotiate competitive rates and discounts, saving you money in the long run.

3. Expert Knowledge and Advice

An insurance broker provides you with the support and expertise you need to find coverage that suits your needs. They work with various products and services to find the coverage that best suits you. In addition, they can draw from an extensive knowledge base and experience to advise you on the best options. 

Insurance Brokers provide expert and unbiased advice. A wealth of knowledge about coverage and market rates combined with expert risk assessment ensures your possessions and business are adequately protected. Whether you are looking into auto insurance rates, tenant insurance, or home insurance rates, your insurance broker can help you every step of the way.

You can utilize their expertise to quickly identify your options and rely on their unbiased advice to help you make the best-informed decision for your situation.

 

4. Working For Your Best Interests

Since insurance brokers do not work with one particular company, they have nothing to gain from recommending a specific product. The insurance company also pays them a standard commission. Thus, there is no financial incentive to choose one insurer over another.

Insurance brokers have your best interests in mind. You can count on them to find you the best rate possible, which can give you the peace of mind you need. You can rest assured knowing that if you ever need to file a claim, one of our brokers will be there by your side to guide you every step of the way. They act as an advisor on insurance-related matters. They will shop the market for the best coverage and rates for you. Since fulfilling your needs is their only priority, they will provide independent, unbiased advice on the right coverage for your situation.

5. Privileged access and rates

Insurance Brokers have access to a wide selection of the best insurance companies in the country. These insurance companies are only accessible by Insurance Brokers. They do not deal with the public directly or with Direct Writers. Brokers enjoy long-standing relationships with these insurance companies. Still, they do not have an affiliation with any specific insurer, enabling brokers to provide you with a broader range of options at competitive rates.

 

6. Transparency

Insurance brokers must give full disclosure about their compensation and its effect on your insurance premium.  They are also required to declare any financial links with specific companies that may be a conflict of interest, enabling you to make the best-informed decision.

 

7. Risk and Advocacy Experience

Extensive experience dealing with different clients and claim situations equips insurance brokers with a broader perspective on how to reduce your risk. Also, in the event of a claim, you can count on your broker to act as your advocate with the insurance company and handle your claim fairly and promptly.

Speak to MBS Insurance in Edmonton about your Coverage

Reach out to MBS Insurance today to determine your home, auto, and commercial coverage options. Over the past 45 years, our experienced team of insurance brokers in Edmonton has earned the trust and loyalty of our clients by delivering superior products and services. We understand your needs and provide you with the best protection and rates.

There are many benefits of an insurance broker. We can help you understand the intricacies of your insurance plan while saving you money at the same time. We are a trusted insurance provider in Edmonton and provide personal and commercial insurance policies to people living in Alberta. We offer the best rates on recreational, auto, property, commercial, and group insurance policies. 

Contact us online for a free quote or by phone at 780-436-7880.

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This article was originally published on October 7, 2016, and updated for 2021.