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Titan Insurance No Broker Fee Review

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Reviewed byJoel Ohman
Founder, CFP®https://res.cloudinary.com/quotellc/image/upload/insurance-site-images/truthaboutins-live/2020/03/joel-ohman.jpg

UPDATED: Sep 4, 2020

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Here’s what you need to know…

  • Titan Insurance is part of Nationwide
  • Titan Insurance offers car insurance to high-risk drivers
  • It is unusual for an insurance company to charge broker fees

If you are searching for affordable insurance and have wondered why are some car insurance companies cheaper than others, you may have heard about Titan Insurance, 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, which makes us want to dig a little deeper to get to know this company. So, what is the Titan insurance agency and what does it offer? Let’s take a look at Titan Insurance and its claim of dirt-cheap insurance in more detail.

Keep reading to learn about Titan Insurance and what its claim of no broker fees actually means.

When looking for cheap car insurance, it’s important you get multiple quotes to compare for the best coverage at the cheapest rates. Before reading this Titan Insurance no broker fee review, just enter your ZIP code to start getting those quotes to compare.

What’s the deal with “Titan Insurance No Broker Fees”?

Since broker fees are not terribly 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 are usually paid by the insurance company, not the client.

Both The General and Esurance are not actually insurers, meaning they do not 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.

While not paying broker fees is arguably better than paying them, you might be better served by contacting a local independent insurance agent who can sell you a policy from any number of car insurance companies (the same companies 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 agent.

If you’re ready to start shopping around for car insurance rates, just enter your ZIP code in the free tool above.

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Titan Insurance Is Affiliated with Nationwide Car Insurance

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 affiliated with Nationwide. Nationwide offers many different types of coverage and is available throughout the country.

In 2015, Titan sold 83 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.

Titan also sold to other companies as well but they are all under the Nationwide umbrella. Nationwide insurance is a high-end insurer who recognizes the value of bankrolling other insurance companies that sell 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 that it specializes in high-risk car insurance. You can expect to purchase a minimum limit, liability-only car insurance policy.

These types of insurers typically do not offer additional coverages. What does liability car insurance cover? It protects you against financial loss as a result of bodily injury and property damage you cause to others while driving your own vehicle.

If you’re looking for a new high-risk insurance policy, enter your ZIP code below to begin comparing affordable car insurance rates from top companies.

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How do Titan Car Insurance rates compare?

Titan car insurance reviews are tied up with Nationwide. 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, there are certain factors that determine your car insurance rates. Let’s compare Nationwide and other top companies’ average annual rate data 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.

Average Annual Car Insurance Rates Based on Driving History
CompaniesAverage Annual Rates with a Clean RecordAverage Annual Rates with One AccidentAverage Annual Rates with One DUIAverage Annual Rates with One Speeding Violation
USAA$1,933.68$2,516.24$3,506.03$2,193.25
Geico$2,145.96$3,192.77$4,875.87$2,645.43
American Family$2,693.61$3,722.75$4,330.24$3,025.74
Nationwide$2,746.18$3,396.95$4,543.20$3,113.68
State Farm$2,821.18$3,396.01$3,636.80$3,186.01
Progressive$3,393.09$4,777.04$3,969.65$4,002.28
Travelers$3,447.69$4,289.74$5,741.40$4,260.80
Farmers$3,460.60$4,518.73$4,718.75$4,079.01
Allstate$3,819.90$4,987.68$6,260.73$4,483.51
Liberty Mutual$4,774.30$6,204.78$7,613.48$5,701.26
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Nationwide falls in the middle of these companies when it comes to rates based on your driving history. With any company, it will save you a lot of money 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.

Average Annual Auto Insurance Rate Based on Credit Rating
CompaniesAverage Anual Rates with a Good Credit RatingAverage Anual Rates with a Fair Credit RatingAverage Anual Rates with a Poor Credit Rating
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
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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 payments can go a long way to increase your rating.

This video gives you some more tips for improving your credit score.

Improving your credit rating from a poor rating to a good rating will save you thousands in insurance rates and other purchases.

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What does Titan Car Insurance offer?

It can be difficult for high-risk drivers to find affordable car insurance. 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 specialize in insurance for drivers with a less than stellar record.

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 and the companies who took over the accounts might be the best 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
-.Wanting only to meet minimum state requirements
– Liability-only policies – no physical damage coverage
– Requiring SR22 insurance coverage

Regardless of driving record and insurance history, many standard insurers will not offer insurance to drivers who have 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.

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. Now that you’ve finished this Titan Insurance no broker fee review, enter your ZIP code to start comparing quotes today.

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Frequently Asked Questions: Titan Insurance No Broker Fee

Keep reading to find the answers to some commonly asked questions about Titan insurance.

#1 – What is the Titan car insurance phone number?

Titan can only be reached by phone. The number is 1-800-848-2687.

#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.

References

  1. https://www.jdpower.com/business/press-releases/2019-us-auto-insurance-study

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