Comparison

Shopping Nonstandard Carriers Through a Broker vs Going to One Carrier

With a clean record, carrier pricing models mostly agree and going direct to one company costs little. With a violation, a lapse, and a filing requirement, the models disagree sharply, and the difference between seeing one number and seeing several can be the difference between insurable and not.

Shopping Nonstandard Carriers Through a Broker vs Going to One Carrier

With a clean record, carrier pricing models mostly agree and going direct to one company costs little. With a violation, a lapse, and a filing requirement, the models disagree sharply, and the difference between seeing one number and seeing several can be the difference between insurable and not.

Feature
Independent broker
One record submitted to several nonstandard carriers
One national carrier
One underwriting model, one answer
Number of quotes from one conversationSeveral, built from the same set of facts so they are actually comparableOne, from that company own filed rates
If the record is declinedThe next carrier is tried in the same conversationYou start over somewhere else and re-explain everything
Does it handle filingsThe carriers that specialize in flagged records nearly always doDepends on the company, and finding out late costs the premium already paid
Spread on a flagged recordVisible, which is the entire reason to compare at this end of the marketInvisible. One number tells you nothing about whether it is competitive
Who prices itEach carrier own filed rates; the broker submits, it does not set pricesThe carrier own filed rates
Re-shopping laterPractical at each renewal as the violation ages and surcharges decayRequires starting a new search from scratch each time
RelationshipOne producer who knows the file, the filing, and the proof period datesA call center and a policy number
Honest limitationAppointments vary, so no broker sees every carrier in the marketSometimes the single carrier genuinely is the best price on that record

Our recommendation

Neither route can promise a number, and any promise of one should end the conversation. What a broker route reliably provides is comparison: several carriers looking at the same facts at the same time, with the filing question settled before anything is bound. On a record that has just triggered a state action, that comparison is usually worth more than any single quote, and it is worth repeating at each renewal as the violation ages.

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