• If you are going to buy insurance, it is important that you should know about the insurance policy you are going to buy. In case you don't have any idea about the insurance policy, then its always advisable to use an insurance broker.
• There are mainly three ways of purchasing insurance. You can buy an insurance policy through an insurance agent, directly from an insurance company or through an insurance broker.
  An insurance broker will be the most useful option for you to buy insurance as he can offer you almost all coverage options and the cheapest insurance rates. Going through insurance brokers will be the best way as they are consultants and they can guide you in which policy will be the best for you. They can also suggest you the policies and prices will be the best for you.
• The service provided by an insurance broker will definitely give you a peace of mind which is the most important factor you need to have while purchasing insurance whether it is a home insurance policy or motor insurance policy or life insurance policy.

No.
Contrary to popular consumer belief we found that broker pricing was actually better than direct insurance pricing. The reason for this seems to be principally due to insurers providing different rates to brokers and thus lower premiums.
Why would insurers provide special broker pricing? Simple: because the risk is lower for the insurer through an insurance broker.