modprobe vs insmod

Both modprobe & insmod are used to load module into linux kernel but differ in some points:
i) modprobe load module from /lib/module/linux_kerenel/ & do not search for any other loacation until linked to other location while insmod can load module from any file location on the system .
ii)modprobe also take care & load module dependencies , it call insmod after getting module dependencies info while insmod does not  look for module dependencies.