How much do you know about independent insurance agents? Do you know the benefits of buying insurance through an independent agent, or how one works and operates? If your answer is no, don't worry. A lot of consumers don't know the first thing about independent agents. You have come to the right place. Our infographic below provides some interesting statistics and useful information to help you understand independent agents better. So, the next time you have a question about purchasing insurance, know that there is knowledgeable agent in your area, just a phone call away, ready to answer your questions, guide you through the process and personally help you when you need them.
INFOGRAPHIC HIGHLIGHTS
Independent agents are independent contractors for multiple insurance carriers and are paid on commission. One average, independent agencies work with thirteen (13) property and casualty and six (6) life and health insurance companies on a regular basis. Out of the 3,500 total major insurance companies in the United States today, 2000 of them work through independent insurance agents.
Independent agents place about a third of the personal lines in the United States and because of the complexities in commercial risks they capture approximately 80% of the commercial lines market.