difference between insurance companies and brokers. advantages and disadvantages?
Answers:
Insurance companies provide you with the coverage.
The Brokers provide you the insurance package depending on which one you choose, they usually enjoy a few insurance companies they go to and ask for quotes on your behalf. There are direct selling insurance companies that will put up for sale you the insurance online, such as GEICO. They can offer lower rates because they stamp out the Brokers, which can charge typically 15% commission on all business they bring to an insurance company.
The good thing of a broker is that you can sometimes get a better agreement and they can go over the coverage details next to you. If you decide on a direct retailer of insurance you have to know what to coverage to take and that it is adequate, you don't want to find that out when something happen. Basically do what is convenient and smart for you. If you do your research as far as coverage, you should be fine with a direct insurance peddler.
Other Answers:
Brokers will find you a better deal. Insurance companies newly want your money.