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These days, there’s more choice than ever for those looking for the right car insurance. You can go online to look for low prices, you can go to the insurance company agents, or visit a local auto insurance broker in Edmonton. Many people assume that going online to find your insurance is more direct and must therefore cost less. But is this assumption really true?

It’s certainly true that you’re paying for slightly different products and services with each of the three major options. Which one ends up costing more in the long run, however, will depend on your individual case. MBS Insurance Brokers Ltd. would like to suggest just a few ways in which auto insurance brokers in Edmonton might be preferable to going online.

  • Cost of insurance
    One might assume that if you do the work of finding insurance yourself, you might save money. However, if the coverage you purchased on-line is not the correct coverage, it could actually end up costing you more. If you aren’t aware that you can purchase loss of use coverage should your vehicle not be driveable due to an insured loss, you would have to pay for the cost of a rental out of your own pocket. An insurance broker can review your insurance options with you to make sure you have the coverage you need.
  • Convenience
    While it might be convenient to shop for insurance from the comfort of your home in your pajamas, a trusted insurance broker will work with you and your claims adjuster should there be a loss and complications arise. Your insurance broker is there for you to make sure the claims process runs as smoothly as possible. Buying insurance directly through an insurance company requires you to manage the claims process yourself.
  • Access to multiple markets
    Some people enjoy hunting for deals themselves, while others don’t. When it comes to buying auto insurance, an insurance broker has access to many markets allowing them to compare the best coverage at the best price based on your needs.

If you’re looking for car insurance in Edmonton then you should contact us at MBS Insurance Brokers Ltd. today! At MBS Insurance, we work hard to get you the best deals that we can.

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.