While the absence of an intermediary, such as an agent or a broker, could result in a cheaper premium, it is usually not the case. This is due in part to the reliance on third parties to drive business to insurance companies. If the insurer offers plans that are significantly cheaper than what they offer clients through brokers or agents, those intermediaries will find the prospect of selling their products less advantageous – and may even choose to stop selling their policies altogether. This could lead to a significant loss in potential customers, leaving insurers with the costly task of increasing investment in their own sales teams and efforts.

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While the absence of an intermediary, such as an agent or a broker, could result in a cheaper premium, it is usually not the case. This is due in part to the reliance on third parties to drive business to insurance companies. If the insurer offers plans that are significantly cheaper than what they offer clients through brokers or agents, those intermediaries will find the prospect of selling their products less advantageous – and may even choose to stop selling their policies altogether. This could lead to a significant loss in potential customers, leaving insurers with the costly task of increasing investment in their own sales teams and efforts.

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Because most forms of insurance are regulated at the state level, state legislation influences car insurance premiums. For instance, in Michigan, a no-fault state, state law requires an unlimited amount of Personal Injury Protection coverage, a requirement that increases the cost of car insurance. Although each state legislates insurance differently, auto insurance prices may vary on a zip code-by-zip code basis. Below is an analysis of the cheapest and most expensive states for car insurance (from The Zebra's State of Insurance report).

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Umbrella insurance is extra coverage from liability for other insurance policies, usually home or auto insurance. Consumers may choose to purchase an umbrella policy if their home or car is more expensive than a typical policy would be able to cover. For example, most car insurance liability policies cover at least $25,000 per person or $50,000 per accident. But if the accident involves a very valuable car, or the victim is willing to pursue legal action, insurance may not even begin to cover the full cost. You may want to hedge your risk by purchasing umbrella insurance to add extra protection to your existing policy.

For over 20 years, Agency Insurance Company has been one of the fastest growing insurance companies in the states of Maryland, Pennsylvania, and Virginia. Our highly trained staff is dedicated to offering the most competitive rates on personal auto, commercial auto, motorcycle and off-road vehicle insurance as well as fast and friendly service to our customers. Whether you need a quote or are filing a claim, we are here to help whenever you need us.

What Do I Need To Purchase Car Insurance


Like auto insurance, homeowners insurance is typically bundled together with policies covering many different items or categories of items. The primary coverage type is for the dwelling, insuring the house itself and all structures attached to it. Policies may also cover property within the home, with premiums varying depending on the value of all assets. Personal liability may also be included for damage or injuries sustained on your property that you are responsible for, much like auto insurance. 

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Insurance can also be purchased for other vehicles, like motorcycles, ATVs, boats or RVs, and generally functions similarly to car insurance. Policies for alternative vehicles may have higher premiums if they are considered more dangerous, or might include other coverage options specific to the vehicle. Many companies that provide auto insurance will also offer coverage for motorcycles, ATVs, boats and RVs.

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When you work with an insurance broker, you can rest easy knowing that you are receiving honest, reliable service. Brokers provide full disclosure on commission rates and the effects that these rates may have on your insurance premium. In fact, brokers are required to disclose this information. If you choose to go through with the sale, know that the broker’s compensation is included in your premium payments. At the point of sale, your broker should provide you with a statement that tells you how much of your premium will go towards commission. This allows you to make a more informed choice when shopping for insurance.
Many companies advertise free auto insurance quotes. Any car insurance quote you receive is and should be completely free. Insurance companies want to incentivize you to purchase a car insurance policy from them, so they’re not going to charge you for an upfront assessment (the quote). When shopping around for insurance, remember you can find free car insurance quotes from a variety of sources.

How To Buy Insurance Agency

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