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A captive agent is an insurance agent who only works for one insurance company. A captive agent is paid by that one company, either with a combination of salary and commissions or with just commissions. He or she may be a full-time employee or an independent contractor. Captive agents have in-depth knowledge of their particular company's insurance products, but cannot help a client who does not need or does not qualify for that company's products. The parent company may push its captive agents to sell certain policies or meet certain sales quotas.
Quick quotes from multiple insurance carriers are one of the major benefits of independent agents. If you are shopping for insurance, independent agents are a great place to start because they can check several different companies’ rates all at once. The more companies checked equals a greater chance of finding the best rate for you and your family. The time-saving factor is huge because you only have to provide your information one time.
You can easily get a car insurance quote by visiting an insurance company's website or by calling them. This is a quick and easy way to get a quote, but not all companies offer their best rates online.
There are a number of insurance rate comparison tools available online. You can visit TheZebra.com, or any other rate comparison site to get multiple quotes in one place.
Traditionally car insurance, and how much you pay, is calculated based on a number of factors. These include your driving record and your age.
Usage-based insurance covers how you actually drive, instead of how your insurer thinks you'll drive based on its statistics. That could mean lower premiums. Some insurance companies use an app on your phone or a device placed in your car to track how much you drive and your tendencies (like if you speed, or accelerate or brake too quickly). The idea behind this is that if you aren't driving your car, you shouldn't have to pay as high of rate because the odds of you getting in an accident are much lower.
Per-mile car insurance is best for you if you drive your car very little. Traditionally, insurance companies will offer low-mileage discounts to drivers who drive under a certain mileage per year (i.e. 7000 miles annually). MetroMile is a company that specializes in pay-per-mile policies, pitches its policies to urban residents who don't drive much, especially millennials and elderly drivers who use alternative forms of transportation or don't drive much.
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