Who pays an insurance broker?

"How do insurance brokers who found me my car insurance policy make money? I know that I pay the specific insurance company for my policy."

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Sophie Newman
Answered on Jul 28, 2021
Sophie Newman is a writer from California. Her hobbies include brewing her own kombucha, riding horses, and taking long road trips.
Car insurance brokers, like Jerry, act as an intermediary between you and insurance companies. In this sense, they work for you the individual, rather than than any one company.
The primary way brokers earn money is through commissions based on policies sold. For every policy they sell, they will earn a percentage from the company.”
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