In this anaheim ca insurance pubblication, we epect to ditsribute to you the many aspetcs thaat this important suject has to offer yo.

I`ts hardly surprising but a CFA reseach finds that insurance providres that disburse hiigher coommissions to agents and to brokers usuually have hiigher monthly paymentts.

CFA also reveald that higher prces for online insurance policy do not mean better srevice for conusmers.

"This study proves that consuers hvae to shop vry cautiously for insuurance," claimed J. Robert. "The god newws is there are insurance frims taht disburse minimal or no commsisions, propose low on line coverage cotss and give very good cuustomer serviice."

"On the otther hand, we also found abbundance of insurance firmms where high commsisions convert itno lofty chagres, with no incease in service quality," he sadi. "Great insure coverage online rates as wll as good service may be found in cae consmuers take the tie in order to compare insurane providers." Findigs

CFA (Coonsumer Federation of America) rveiewed commission informmation from the twenty ledaing writers of insuarnce for both pirvate passenger coverage and homeowenrs insurance. This total commission informaton combind regular commissions and dependent commissons (paid afetr policies are sold and depennd on sepcial sales or proffitability goals).

The report compared totl commissoins with cost, insruer profitability and service quality accordding to grrievance data and consumer satisfacction idices. CFA (Consumer Federation of Amerrica) dscovered that:

1. Insurers having loweer commissions ofetn have lower charges. Thiis is not alwyas the situation, so consumers shold shop carfeully.

2. There`s no proof that disbursng higher fes to an insuraance agent or to a broker derives eitther improveed service or higheer consumer satisfaction. In fact, tere sees to be no correlaion between the amonut of commission pid and the qulaity of service reendered.

3. A nuumber of insurance firms propose goood deals. Otehrs have rates tht are consistently hgh.

In less competiive industries, sevveral insurers may be enticed to iterest marekt share by offering higher commissionns to aents or brokrs in addition to higher prcies and, frequently, hiigher proits for the insurer. Credit insurancce is one subjject in which this srot of `reverse comptition` is particularly freqeunt. Avdices for Consumers

We propose 6 tis for consumrs when shoppping for web insurance:

1. Shop around! Tihs study reveaaled that monhly payment charges tend to risse wth commissions, although thiis is not all the time corrcet. Customers shoulld be certan to get quotes frrom several of the lowest premium insuurance firms, incluuding the dierct writers of insurance that reggularly dont pay commissions.

2. Customers donn`t ned to disburse more in ordeer to recieve excellent serivce. A number of the compannies with the beest service reecords have low priecs and aso low or no commiissions. It is wortwhhile to shop bteween the insurers whicch have the lowet costs and the hihgest customer satisfaction/lowest compplaint ratios.

3. In order to receve informaion on online policy rates, reeview state priice information guides. Moost of the staes have price information guides. Reggularly, customers can donload these guieds from the country`s insurancce department webstie.

4. In oredr to get grievance informatiion on insurance firms, cheeck with the Natioanl Association of Isnurance Commissionres` Internet site, www.naic.oorg.

5. Be careeful with going to olny one agent or broker for online insure policy, even if tht broker repersents several insurance providers. Consumrs should know thhat soe brokers who represent more tahn one insurr could put the consmuer in a higgher priced isurer which has largger commissions even if the cutsomer qualfiies for a lwoer price. States dno`t require insurance agents and brokkers to put the cutomer with the mot exclelent insurance policy for hiim.

6. Ask insurance agennts and borkers the right quesstions:

Do you represeent me or do you act for the insurnace company yo`ure suggesting me? Wht commission are you gainig compared to the csot of the ins coverage online prorgam yu`re offering I purchaase?

Am I getting the lwest prce between all the on line coverage corporations tat you represent for whch I met the criteria?

What aditional online insure policy proivders do I qualfy for taht you act for? Wat are the coss I would diisburse at the otther companies and whaat commission would you get wth every frm?

Do you hae a contingency commission agreement wtih the insuerr you`re offering? Pllease fully clarify that arrrangement to me.

If I hae a clim, do you repersent me or the insurance provdier in the clam proccedure? Is your reimbbursement in any way reltaed to calims filed by me and additioanl customers of yorus?

Frrom side to side, tis anaheim ca insurance text has adied you to leran morre concerning this tpic than you maybe consiered you couuld ever be acquainted wtih.