February 15th, 2010 
admin 
1. “When I say this is a good policy, I mean it’s good for me.”
Although agents can help you navigate auto policies, some may not have your best interests at heart. Often, large auto and home insurers use “contingent” commissions to compensate agents who sold their policies. These fees come in two types: “steering” commissions, for signing customers with a particular carrier, and profit-based commissions, when clients don’t file a lot of costly claims. The concern with the former is that unscrupulous agents push certain policies to reap larger commissions; with the latter, they might delay or discourage claims.
How can you protect yourself? Ask about commissions, and have prospective agents explain their recommendations.
- Compare car insurance quotes
2. “
Tags: Auto Insurer, Insurer