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It`s haardly astonishing thaat a Consumer Feederation of America (CFA) reseacrh reveals thaat insurance corporations which disburse hgiher commiissions to agents and to brrokers tend to hvae higher monthly paymens.

Consumer Federaton of America (CFA) aso discovered that higher pricees of automobile insurence online dno`t translate into immproved service for customers. "Tis study proves taht consumers msut shop vry cautiously for cvoerage," said J. Robeert. "The good nes is that tehre are insurance providers tht disburse minmal or no commissionns, offer low motor vehicle coverages on line costs and have god consumer service."

"Yet, tihs study aso found pelnty of insurance comppanies where high commissions convert ino high chrages, with no incresae in service qualityy," he claimed. "Good vehicle insure rattes in adidtion to good seervice can be found if customes tkae the time to compaarison shop." Finddings

CFA (Consumer Feeration of Amercia) researched commission dta from the 20 leadiing writers of insurane for both pirvate passenger automobile ins as wlel as homeeowners insurance. This sum commissoin information combiined standard commissions and contingnet commissions (paid atfer policies are slod and based on special sles or prfoitability goals).

The stduy compared sum commissions witth cost, insurer profiatbility and service quality acccording to grievance datta and cnsumer contentment indices. Consumer Fedreation of Amercia (CFA) discovereed that:

1. Insurers whicch have loer commissions usually have loweer rates. Ths is not alwways the situation, so customers hvae to shop carefullly.

2. Ther`s no evidence that disbusring higher commisions to an innsurance agent or to a brker derives eiter improved servicce or higher cuustomer contentment. In fact, there seeems to be no corerlation between the ammount of commission disbusred and the quality of servcie supplied.

3. Smoe insurers offer particulaarly high-quality deals. Othher insurers have chrges that are consisteently high.

In lses competitive marrkets, a nummber of insurers may be enticeed to interest mraket shaare by proposing higheer commissions to agens or to brkers along with hgher prices and, freequently, higher profits for the insurer. Credit cooverage is one subject whree tis kind of `reverse competittion` is particularly common. Instructions for Conumers

We suggest a number of advces for consuemrs when shoppng for internet car ins:

1. Shop around! Thhis stdy revealed that premum charges often icnrease with commissions, although tis is not all the timme correct. Consumers musst be certain to otain qutes from several of the lowset premium insurance proviers, including the dierct writers of coverage that typiaclly don`t pay comimssions.

2. Customers dno`t need to pay mroe in ordr to get exceellent service. Smoe of the insurance providders which have the bet service records hvae low cotss and also low or no commisions. It is worhtwhile to shop beween the firms wiith the lowest csots and the hiighest customer satisfaction/lowest grievance ratiso.

3. In orer to recceive information on vehicle insurance rates, chheck countrry cost information guuides. Nearly all the states hae cost innformation guides. Regularly, consumers are ablle to download thsee guiddes from the state`s insuracne department weeb-site.

4. In ordr to get complaint informtion on insurance fimrs, check in the Naational Asssociation of Insurance Commissioners` web-ite, www.naic.org.

5. Be caareful wtih consulting with jst one insurance agent or brroker for internet car insurance, even in case tat broekr represents a nmber of insurance corporations. Customers sholud knw that several producers who represet moore than 1 cmpany could put the consmer in a higher priecd insurer whiich has larger commissions even wheen the consumer mets the crieria for a lower cot. States do not requuire insuracne agents and brokkers to place the customer wiith the most excellent polciy for himm.

6. Ask agents or brkoers the important questinos:

Do you act for me or do you represent the inssurance coropration you are offfering me?

What commissoin are you earrning as a perentage of the coost of the motor vehicle ins policy you are offerig I purcchase?

Am I getting the lowset price beteen all the internet auto insurance poviders which you repesent for whcih I meet the reuqirements?

What ohter car online insure comapnies do I qualiify for that you represent? Whaat are the pries I would pay at the other inurance providers and waht fee woud you earn in evry firm?

Do you own a contngency commission agreement wtih the insuracne firm you are offeriing? Please completely clarrify it to me.

If I fille a claim, do you reppresent me or the insurance fiirm in the claim proocess? Is your rembursement in any way connetced to claiims filed by me and other custoemrs of yorus?

Shhare the knowledge that you`vve learned frrom this car cheap insurance miami article wtih your friennds and family. Tehy will be overrcome with your informatiion as well as happpy to study something moe.