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Question DetailsAsked on 4/6/2013

what is the difference in an insurance broker and an agent?

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2 Answers


Often there is no difference. State statutory laws simply choose one or the other. In the insurance field, independent insurance representatives typically call themselves "brokers" while representatives who sell only one insurer's policies are "agents." Even so, the insurers for whom the brokers sell policies refer to these sellers as "agents" in the agency agreement between the insurer and the policy seller. In 20 years serving as General Counsel for a large insurance brokerage firm, I found no important difference.

Answered 7 years ago by thomasju


An insurance broker works for you, while an agent typically works directly for an insurance company.

The insurance broker, working for you, often works with multiple insurance companies, if not all of the insurance companies in your area. Brokers often use software to find you the best rate among these carriers in your area. They are paid a commission by the insurance company when you purchase a policy.

The insurance agent, often works for the carrier that they are representing. They will often be captive, meaning that they are unable to show you any other insurance carrier options. If that agents company isn't your best fit... tough, because that's all they have to offer. They are usually paid a salary, plus commission for their sales, but can also work 100% commission, like brokers.

Personally, I like for people to compete for my business, so even before I chose to get into insurance, I used brokers instead of agents.


Answered 6 years ago by

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