What Is An Insurance Agent And Do You Need One?

There’s a lot to consider when you’re buying insurance, and an insurance agent is usually the person who helps you find the coverage you need. However, insurance agents have limitations and may only be able to sell you products from the insurer they represent. So it’s important to compare prices and policies from more than one company and to understand all of the options you have for purchasing anything from car insurance to homeowners insurance.

Below, CNBC Select shares what you need to know about insurance agents and the role they have when it comes to purchasing insurance.

Insurance agent guide

What is an insurance agent?

Insurance agent vs. insurance broker

Do you need an insurance agent?

Geico Auto Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • App available

  • Policy highlights

    Geico coverage and services are available in all 50 states and the District of Columbia and there are 16 different types of discounts available. In addition to the standard coverage options, Geico offers various optional add-ons, such as emergency roadside assistance, rental car reimbursement and mechanical breakdown insurance.

Progressive Auto Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • App available

  • Policy highlights

    Progressive offers a number of lines of insurance to allow for bundling, and convenient tools to help you keep your coverage in your budget.

When you’re working with an insurance broker, you’re not directly working with an agent, but an agent will still be a part of the process. This is because insurance policies you secure through an insurance broker still need to be finalized by the insurance company’s agent.

Is it cheaper to buy insurance online or through an agent?


What’s the role of an insurance agent?

Insurance agents are salespeople for insurance providers. Their role is to help find insurance customers and to help those customers find the right types of coverage for their needs.

How do I know if I’m getting the best price on my insurance policy?

What’s the difference between an insurer and an insurance agent?

An insurer is the company that underwrites insurance policies and pays out insurance claims. An insurance agent is a representative of the insurer. Insurance agents are the people who sell the insurers’ products.

Bottom line

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