Titan Insurance No Broker Fee Review
Titan Insurance has no broker fee, which can help save you money when shopping for insurance. A broker fee is a fee that a broker charges for their services. In this case, a broker fee is charged by a broker for selling insurance coverage. Ultimately you shouldn’t have to pay a broker fee. If a broker is charging you one, you should probably shop for a different broker.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
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UPDATED: Jan 8, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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The Truth in a Nutshell
- Titan Insurance is a subsidiary of Nationwide insurance company
- Titan Insurance offers car insurance specifically to high-risk drivers
- It’s unusual for an insurance company to charge insurance broker fees
If you’re searching for affordable insurance and have wondered why are some car insurance companies are cheaper than others, you may have heard about Titan auto insurance company and the Titan insurance no broker fee, especially since they offer cheap insurance for “as little as $1 per day” without charging a broker fee.
You’re probably also wondering what a broker fee is. This Titan insurance no broker fee review will answer all your questions. There are Titan auto insurance reviews and prominent billboards, making us want to dig a little deeper to get to know this company. So, what is the Titan insurance company, and what does it offer? Let’s take a look at Titan Insurance and its claim of dirt-cheap insurance in more detail.
While this review won’t go over topics like the pros and cons of usage-based car insurance, you will learn more about Titan insurance and what a no broker fee actually means, as well as how to compare car insurance, ways to find affordable coverage, and more. Keep reading.
When looking for cheap car insurance, you should get multiple quotes to compare for the best coverage at the cheapest rates. Before reading this Titan insurance no broker fee review, enter your ZIP code to compare Titan auto insurance quotes today.
What are broker fees in regards to car insurance?
What is a broker fee? Do most companies charge you broker fees? What about Titan insurance? Does the company offer insurance with or without a broker fee? Keep reading to find out the answers to these and other questions.
Read More: Five Insurance Fees To Watch Out For
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What is a broker fee?
A broker fee is a fee that a broker charges for their services. In this case, a broker fee is charged by a broker for selling insurance coverage. Essentially the broker is charging for being the middle man between an insurance company and an insured.
What’s the deal with Titan insurance no broker fees?
Since broker fees aren’t very common, perhaps Titan is targeting companies like The General Auto Insurance and Esurance, which also broker high-risk insurance. Some brokers do charge fees, but they’re usually paid by the insurance company, not the client.
Both The General and Esurance are not actually insurers, meaning they don’t collect your insurance payment or pay your insurance claims. Rather, they act as insurance brokers that “sell” you a policy from another carrier and charge you a fee for the “service.”
This is different from companies like Geico or Farmers Insurance that offer insurance themselves.
Read more: Esurance Review: Insurance for Everything from Segways to Snowmobiles
What’s the difference between a broker and an agent?
At its most basic, the main differences between a broker and an agent are representation and authority. A broker represents you as the consumer, while agents represent insurance companies. And while brokers represent you and can sell you a policy from whichever company best fits your needs, they don’t have the authority to actually finalize the insurance sale, but an agent can.
Brokers may charge you a broker fee for their work, but as we noted earlier, in most cases, the insurance company pays the broker fee rather than you.
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When should you pay a broker fee?
Ultimately you shouldn’t have to pay a broker fee. If a broker is charging you one, you should probably shop for a different broker. You might be better served by contacting a local independent licensed agent who can sell you a policy from any number of car insurance companies (the same companies entities like The General and Esurance use) without a fee.
Independent agents typically collect a commission, paid by the insurance company, but don’t charge any additional fees (like broker fees). In fact, if you’re working with an agent who charges fees—above what they receive from the insurance companies they represent—you might want to find a new independent agent.
If you’re ready to start shopping around for car insurance rates, just enter your ZIP code in the free tool above.
What are the Titan insurance basics?
Now that we’ve covered what broker fees are, let’s look at Titan Insurance a little closer.
As with many smaller car insurance companies today, Titan is connected with other, more well-known insurance companies. Specifically, they are a subsidiary of their parent company, Nationwide. Nationwide offers many different types of coverage and is available throughout the country and is one of the largest insurance providers.
In 2015, Titan sold 83 of its retail stores to First Acceptance Corporation, which rebranded the stores under the name Acceptance Insurance. If you want to learn more, read our Acceptance auto insurance review (insurance for imperfect drivers).
Titan sold to other companies as well, but those are all under the Nationwide umbrella. Nationwide insurance is a high-end insurer that recognizes the value of bankrolling other insurance companies selling car insurance to customers who don’t necessarily fit its “risk appetite.”
Put simply, Nationwide doesn’t want to insure high-risk drivers but knows there’s a lot of money in it all the same.
Titan is a non-standard auto insurer. This means the company specializes in high-risk car insurance, so the auto insurance policies offered are for high-risk drivers. You can expect to purchase a minimum limit, liability-only car insurance policy. With most high-risk insurance, rates are typically higher. However, Titan prides itself on low rates, so when you get one of Titan’s insurance quotes, it may not always reflect those higher rates.
These types of insurers typically do not offer additional coverage. What does liability car insurance cover? It protects you against financial loss due to bodily injury and property damage you cause to others while driving your own vehicle. In essence, you save on potential medical expenses, and with high liability limits, consumers are more protected in the case of an at-fault accident.
Some drivers do not have a choice but to purchase car insurance through a specialty auto insurance company. Minimum coverages of each non-standard auto insurance provider will vary, but perhaps Titan has one for you.
If you’re looking for a new high-risk insurance policy, enter your ZIP code in our free tool to begin comparing affordable car insurance rates from top companies.
How do Titan car insurance rates compare?
Titan car insurance reviews are tied up with Nationwide, and Titan’s specific rates are not published. Since Titan is a part of Nationwide, we’ll compare Nationwide’s rates to those of other top-rated auto insurance companies. No matter the company, certain factors determine the price of your car insurance rates. To see how these factors might affect rates, we’ll compare Nationwide insurance and other top companies’ average annual rates based on driving history and credit rating.
First, we’ll look at average annual rates for companies based on driving history. It shouldn’t be a surprise that your driving history affects your car insurance rates. But it might surprise you just how much one ticket can change what you pay. Take a look at this table for more.
Average Annual Car Insurance Rates Based on Driving History
| Insurance Companies | Average Annual Rates with a Clean Driving Record | Average Annual Rates with One Accident | Average Annual Rates with One DUI | Average Annual Rates with One Speeding Violation |
|---|---|---|---|---|
| Allstate | $3,819.90 | $4,987.68 | $6,260.73 | $4,483.51 |
| American Family | $2,693.61 | $3,722.75 | $4,330.24 | $3,025.74 |
| Farmers | $3,460.60 | $4,518.73 | $4,718.75 | $4,079.01 |
| Geico | $2,145.96 | $3,192.77 | $4,875.87 | $2,645.43 |
| Liberty Mutual | $4,774.30 | $6,204.78 | $7,613.48 | $5,701.26 |
| Nationwide | $2,746.18 | $3,396.95 | $4,543.20 | $3,113.68 |
| Progressive | $3,393.09 | $4,777.04 | $3,969.65 | $4,002.28 |
| State Farm | $2,821.18 | $3,396.01 | $3,636.80 | $3,186.01 |
| Travelers | $3,447.69 | $4,289.74 | $5,741.40 | $4,260.80 |
| USAA | $1,933.68 | $2,516.24 | $3,506.03 | $2,193.25 |
Nationwide falls in the middle of these companies when it comes to rates based on your driving history. It will save you a lot of money with any company if you just obey traffic laws and drive carefully.
Next, let’s look at average annual rates based on credit rating. Companies believe your credit rating is a measure of how responsible you are, financially and otherwise. They use this factor to help determine your rates in most states.
The higher your credit score, the better your rates may be (the good news is that Experian reports the average credit score is 703, which is considered good credit). Take a look at this table to see what good, fair, and poor credit can do to your rates.
Average Annual Auto Insurance Rate Based on Credit Score
| Insurance Companies | Average Annual Rates with a Good Credit Score | Average Annual Rates with a Fair Credit Score | Average Annual Rates with a Poor Credit Score |
|---|---|---|---|
| USAA | $1,821.20 | $2,219.83 | $3,690.73 |
| State Farm | $2,174.26 | $2,853.00 | $4,951.20 |
| Geico | $2,434.82 | $2,986.79 | $4,259.50 |
| American Family | $2,691.74 | $3,169.53 | $4,467.98 |
| Nationwide | $2,925.94 | $3,254.83 | $4,083.29 |
| Progressive | $3,628.85 | $3,956.31 | $4,737.64 |
| Farmers | $3,677.12 | $3,899.41 | $4,864.14 |
| Allstate | $3,859.66 | $4,581.16 | $6,490.65 |
| Travelers | $4,058.97 | $4,344.10 | $5,160.22 |
| Liberty Mutual | $4,388.18 | $5,604.24 | $8,802.22 |
Nationwide is again in the middle of the companies listed for rates based on your credit rating. Thankfully, it’s relatively easy to raise your credit score. Just paying your bills on time and not missing any payments can go a long way toward increasing your rating.
Improving your credit rating from a poor rating to a good rating will save you thousands in insurance rates and other purchases.
To compare great auto insurance rates, enter your ZIP code to find car insurance quotes from top companies.
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Titan car insurance offers the same primary coverage options as other major insurers. The company’s main offerings include:
- Titan auto liability insurance coverage
- Titan collision coverage
- Titan comprehensive coverage
- Titan uninsured/underinsured coverage
- Titan medical payment coverage
It can be difficult for high-risk drivers to find affordable options with car insurance, and insurance costs vary so much between providers. Too often a fair price is a sight for sore eyes! This is because when insurance companies see risky behaviors in your past, they can only assume they will have to pay out a claim at some point. However, some companies, like Titan, specialize in insurance for drivers with less than stellar records.
Do insurance companies check driving records? Yes. Should you find yourself with several speeding tickets or accidents, for example, Titan would be available to offer you the coverage that many insurers won’t. Titan Insurance might be a good option for drivers with the following characteristics:
- Driving record with tickets or accidents
- Lapse in coverage—driving uninsured for a period over 30 days
- Less-than-perfect credit
- Meeting minimum state requirements only
- Liability-only policies—no physical damage coverage
- Required SR-22 insurance coverage
Regardless of driving record and insurance history, many standard insurers won’t offer insurance to drivers who’ve had a lapse in coverage.
Thankfully, you don’t have to pay for past mistakes forever. It’s possible to get lower rates in the future once you’ve improved your driving performance and credit history and kept your coverage consistent. Becoming a good driver will allow you to receive more coverage options at affordable rates and competitive prices.
When looking for insurance, it’s important to shop around to determine which is the best insurance company for high-risk drivers. Not all companies weigh factors the same, so one company could be considerably cheaper than the next.
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Seamless Claims Process With Titan Insurance No Broker Fee
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
When it comes to filing a claim with Titan Insurance, customers have multiple convenient options. They can file a claim online through the company’s website, making the process straightforward and easily accessible.
Additionally, Titan Insurance offers the option to file claims over the phone, providing a traditional method for those who prefer speaking with a representative directly. Furthermore, for tech-savvy customers, Titan Insurance offers a mobile app that allows users to initiate and track their claims seamlessly, providing added convenience.
Average Claim Processing Time
One critical aspect of any insurance company’s claims process is the speed at which claims are processed. Titan Insurance understands the importance of swift claim resolution. While specific processing times may vary depending on the complexity of the claim, the company strives to process claims efficiently to ensure that customers receive the support they need promptly.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback on claim resolutions and payouts is a crucial indicator of an insurance company’s performance. Titan Insurance values customer satisfaction and aims to provide fair and timely claim resolutions.
To gauge the customer experience, it is essential to consider reviews and testimonials from policyholders who have gone through the claims process with Titan Insurance. Hearing about real-life experiences can offer valuable insights into the company’s commitment to customer service and its ability to meet policyholders’ needs.
Exploring Titan Insurance No Broker Fee Cutting-Edge Digital and Technological Features
Mobile App Features and Functionality
Titan Insurance offers a user-friendly mobile app equipped with various features to enhance the customer experience. The app allows users to access their insurance policies, view and manage their account, and even file claims directly from their mobile devices. It provides a convenient way for policyholders to stay connected with Titan Insurance and access important information on the go.
Online Account Management Capabilities
For customers who prefer managing their insurance accounts online, Titan Insurance offers robust online account management capabilities. Policyholders can log in to their accounts through the company’s website to view policy details, make payments, update personal information, and track claims.
The online portal simplifies the insurance management process, offering a convenient and efficient way to handle policy-related tasks.
Digital Tools and Resources
In addition to its mobile app and online account management, Titan Insurance provides customers with various digital tools and resources to assist them in making informed decisions about their insurance coverage.
These resources may include educational materials, insurance calculators, and informative articles. By offering these digital tools, Titan Insurance aims to empower policyholders with the knowledge they need to make confident insurance choices.
What are some frequently asked questions about Titan insurance?
Still have questions about Titan car insurance? Keep reading to find the answers to some frequently asked questions about Titan insurance.
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#1 – What is the Titan car insurance phone number?
Titan can only be reached by phone. The number is 1-800-848-2687. Customers can also make claims by reporting them to Titan insurance customer service’s online portal.
#2 – Is there an agency offering Titan insurance near me?
If you’re wondering, “Is there Titan car insurance near me?” you’re in luck if you live in the following states: Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Maryland, Mississippi, Nevada, New Mexico, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and West Virginia.
#3 – Are there Titan insurance careers available?
Although Titan isn’t hiring, Nationwide or Acceptance Insurance might be.
Are you ready to buy Titan auto insurance? Now that you’ve finished this Titan insurance no broker fee review, enter your ZIP code to get a free quote with our comparison tool and start browsing today to make sure you’re getting the most affordable Titan auto insurance rates. Make sure to check if you qualify for any auto insurance discounts!
References
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.