Why Use a Broker
Your insurance broker across Canada.
An insurance broker is a licensed professional who represents you, not an insurance company. MyBrokers is an independent brokerage headquartered in Edmonton, serving Alberta and Ontario, with individually licensed brokers serving clients in British Columbia. We shop your file across 120+ carriers and stay in your corner at renewal and claim time.
What does an insurance broker do?
Shops the market for you
One application, quoted across 120+ carriers. You see the options that actually fit, not the one product a single insurer wants to sell.
Explains what you're buying
Deductibles, exclusions, limits, endorsements. A licensed broker walks you through the policy before you pay for it, not after a claim.
Works for you, not the insurer
Brokers are independent. When your renewal jumps or a claim stalls, your broker is the one on the phone advocating for you.
Broker vs. agent vs. going direct
Insurance broker
Independent and licensed. Represents you, compares multiple insurance companies, and stays with your file at renewal and claim time.
Insurance agent
Represents one insurance company and sells that company's products. Knowledgeable, but the shelf only has one brand on it.
Going direct
You deal with the insurer's call centre and compare markets yourself. Fine if you enjoy quoting; costly if you miss a gap.
Want the longer version? Read our plain-language breakdown of the difference between an insurance broker and an agent.
Where we work
MyBrokers has served 100,000+ Canadians and 10,000+ businesses, and holds a 4.9 rating across 172 Google reviews.
Alberta
Home base. MyBrokers is headquartered in Edmonton with brokers in Calgary, placing personal and commercial insurance across the province since 1996.
Ontario
MyBrokers is licensed in Ontario and serves clients across the province, from home and auto to the full range of business insurance.
British Columbia
Clients in British Columbia are served by our individually licensed brokers for home and business insurance.
Common questions about insurance brokers
What does an insurance broker do?
+
An insurance broker is a licensed professional who works for you, not for an insurance company. A broker assesses what you need to protect, shops your file across multiple insurers, explains the differences between the quotes, and manages your policy at renewal and claim time. MyBrokers compares coverage across 120+ carriers.
How does an insurance broker get paid?
+
Brokers are paid a commission by the insurance company that issues your policy. The commission is built into the premium, so the rate is the same whether you buy through a broker or direct from the insurer. Some complex commercial placements involve a disclosed broker fee, which you see before you commit.
Is it cheaper to use an insurance broker?
+
It usually costs the same and often less overall. Carrier rates are filed and identical whether you go direct or through a broker, and a broker compares many carriers at once, which is how renewal hikes get beaten. You also get advice on deductibles and coverage that affects what you pay over time.
What is the difference between an insurance broker and an insurance agent?
+
An agent represents one insurance company and sells its products. A broker is independent, represents you, and can place your policy with whichever insurer fits best. Both are licensed, but only the broker compares the market on your behalf.
Do I need an insurance broker?
+
Nobody is required to use one, but most people benefit. If your situation is simple, a broker saves you the time of quoting multiple companies yourself. If it's complicated, a new business, a trucking fleet, a rural property, a claims history, a broker's market access is often the difference between placed and declined.
Talk to a broker today.
Pick the quote that fits and a licensed broker takes it from there.