Car insurance agents form an integral part of the car insurance industry. They can help you buy a good auto insurance policy where you can protect your car against the most affordable premium. Car insurance agents are different from auto insurance brokers. They are representatives of a particular insurer whereas brokers don’t have any contractual relationship with the carriers and work for the insurance buyers according to their requirements.
About car insurance agents
A car insurance agent can be defined as an authorized agent who acts on behalf of a car insurance company to form a legal relationship with a third party. Here the auto insurance company is the principal and the third party is the customer. Hence, the car insurance agent negotiates on behalf of the principal or the car insurance company to bring customers or third parties into a contractual relationship with the auto insurance company (principal). According to Section 182 of the (Indian) Contract Act, 1872, an agent is defined as “a person employed to do any act for another or to represent another in dealings with third persons”. Car insurance agents can be broadly classified into the following
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Universal car insurance agents:
Universal agents have extensive authority to function on behalf of the principal, for example, they may have a power of attorney (also termed as an authorization under the jurisdictions of civil law) or hold a specialized association, i.e., as lawyer and client. -
General car insurance agents:
General agents have a more restricted authority to carry out a chain of deals throughout an uninterrupted time span; and -
Special car insurance agents:
Special agents are empowered to carry out either only one deal or a particular chain of deals during a small timeframe.
Car insurance agents in India
India is home to many reputed car insurance companies and there are many auto insurance agents working on behalf of these companies. They work in various cities of the country and can be broadly categorized into the following:
- Car Insurance Agents in Delhi
- Car Insurance Agents in Bangalore
- Car Insurance Agents in Hyderabad
- Car Insurance Agents in Kolkata
- Car Insurance Agents in Gurgaon
- Car Insurance Agents in Pune
- Car Insurance Agents in Chennai
- Car Insurance Agents in Mumbai
- Car Insurance Agents in Ahmedabad
- Car Insurance Agents in Coimbatore
- Car Insurance Agents in Thane
- Car Insurance Agents in Faridabad
Car insurance agents in India can help you get the most competitive quotes from the top insurers in the country. You can compare these quotes and purchase the most suitable policy for your needs.