Saturday, December 22, 2007

Agent to source for quotes

Dear Mr. Tan,

Thank you for you tips on how to get quotations from several insurance companies on motor insurance. Do you think that an insurance agent can source the quote for me?

REPLY:

You can ask the insurance agent to source the quote for you. They are familiar with the insurance companies, so it is easier for them to get the information and save you from the hassle.

However, the agent needs to be paid for the service. They will probably earn 10% to 15% commission from the insurance company. But, if they are able to get you a lower quote, then it is worth to let them earn this commission.

Make sure that the agent is able to get the quote from several companies, so that you really enjoy a lower premium.

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