Why should I use a broker and not go direct to the insurer for my health insurance?

There are three main reasons that why using a broker rather than heading directly to an insurer can benefit you:

1. Using a broker for your private medical insurance quote will save time

Getting quotes for private medical insurance can be time consuming. When you approach a PMI provider they will require a lot of information from you in order to provide you with a quote. This will include your personal details, information about anyone else you want to be covered by the policy and details of your medical history.

If you get quotes from a number of PMI providers you will have to provide this information to each of them individually. However, when you use a broker, you generally only have to provide this information once. The broker will then scour the market for you using the details you have provided to compare private health insurance costs and the cover available.

2. A broker can save you money on your health insurance

As with other types of insurance, a broker can help you source the best price for the PMI cover that you need. Brokers obtain a number of quotes from PMI providers for the level of cover that you’re looking for. By comparing private medical insurance costs they can help you to save money on your monthly premiums by finding the best value cover.

Don’t assume that you will automatically get a better price for your private medical insurance by approaching a provider directly. Often there is no price differential between the price a broker will quote and the price an insurer will quote. Indeed, brokers often benefit from preferential rates for PMI, meaning it can actually be cheaper to use a broker rather than going direct.

3. You benefit from independent advice

Do you know exactly what type of PMI policy is the most suitable for you and your family? If not, a broker can help you. A professionally qualified broker will discuss the various types of cover with you in order to find out exactly what PMI policy is appropriate. Using a broker means you benefit from years of experience and industry knowledge.

When you use a comparison website it might seem to suggest a particular PMI policy is best. However, an alternative policy might provide superior cover for just a few extra pence each month. So, without the help of a broker you may not be able to maximise your cover for the budget you have available.

If you’re looking for advice on the best PMI policy, we can help you. Simply complete our easy online form and we’ll put you in touch with an independent, FSA registered broker. They will get in touch with you directly to discuss your PMI needs. And, they will help you to compare the PMI options available so you get the right cover at the right price. What are you waiting for? Complete our form today.

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