Direct verse Broker Insurers: - 22 Sep 2009 11:57
There are two types of insurance companies - direct, and traditional or “broker” insurers. Here are some of the things you need to consider when choosing between the two:
Carandhomeinsurance.co.za represents both OUTsurance & Dial Direct, 2 of South Africa’s largest Direct Insurers. These companies have been around for just over 10 years, while some traditional Insurers have been doing business for as long as 90 years – Santam for example.
Direct Insurers deal directly with the public through large and well organised call centres, while traditional Insurers deal with the public through Insurance Brokers such as PSG Konsult – our broker partner.
About 70% South African’s are still insured through Insurance Brokers who offer a more personal touch and will represent you when you have a claim. Insurance brokers offer Insurance from a range of Companies and will present you with a range of options when buying insurance.
Once you have a policy with a broker they take care of all your needs, and some people prefer the comfort of having a personal relationship with their broker.
Who will be cheapest?:
Direct Insurers advertise that you will save up to 25% by going direct and avoiding broker fees. Insurance Brokers on the other hand offer premiums from a range of Insurance Companies and can get you good deals by buying in bulk.
The truth is it can go either way as there are many factors which determine your premium. We advise that you shop around and try a mix of direct and broker insurers.
Innovation:
While the Traditional Insurers have been around for a lot longer, Direct Insurers have been more innovative in their approach of late. Direct Insurers were the first to sell policies over the phone resulting in less paperwork and fuss.
OUTsurance lead the way with their OUTbonus, which has since been replicated by others, while Dial Direct is putting technology at the fore and allowing their clients to amend their policies online.
The brokers are catching up and they too have sophisticated call centres, so it is no longer the case that you will be lumbered with lots of paperwork dealing through a broker.
Youinsure gets you quotes from Both Direct Insurers as well as Insurance Brokers. Simply Fill in our form and you will get up to 9 Insurance Quotes.
There are two types of insurance companies - direct, and traditional or “broker” insurers. Here are some of the things you need to consider when choosing between the two:
Carandhomeinsurance.co.za represents both OUTsurance & Dial Direct, 2 of South Africa’s largest Direct Insurers. These companies have been around for just over 10 years, while some traditional Insurers have been doing business for as long as 90 years – Santam for example.
Direct Insurers deal directly with the public through large and well organised call centres, while traditional Insurers deal with the public through Insurance Brokers such as PSG Konsult – our broker partner.
About 70% South African’s are still insured through Insurance Brokers who offer a more personal touch and will represent you when you have a claim. Insurance brokers offer Insurance from a range of Companies and will present you with a range of options when buying insurance.
Once you have a policy with a broker they take care of all your needs, and some people prefer the comfort of having a personal relationship with their broker.
Who will be cheapest?:
Direct Insurers advertise that you will save up to 25% by going direct and avoiding broker fees. Insurance Brokers on the other hand offer premiums from a range of Insurance Companies and can get you good deals by buying in bulk.
The truth is it can go either way as there are many factors which determine your premium. We advise that you shop around and try a mix of direct and broker insurers.
Innovation:
While the Traditional Insurers have been around for a lot longer, Direct Insurers have been more innovative in their approach of late. Direct Insurers were the first to sell policies over the phone resulting in less paperwork and fuss.
OUTsurance lead the way with their OUTbonus, which has since been replicated by others, while Dial Direct is putting technology at the fore and allowing their clients to amend their policies online.
The brokers are catching up and they too have sophisticated call centres, so it is no longer the case that you will be lumbered with lots of paperwork dealing through a broker.
Youinsure gets you quotes from Both Direct Insurers as well as Insurance Brokers. Simply Fill in our form and you will get up to 9 Insurance Quotes.