Insure.com has issued a report, “Hidden Rivers of Incentive: How Agent Commissions Affect Your Insurance Shopping,” telling consumers how insurance agents are provided incentive through commissions, cash bonuses and other rewards.
The report lists a sampling of agent commissions paid by major insurance companies and current and former agents speak frankly about how commissions can lead to conflicts of interest with their customers.
“While agents have every right to earn a living, the lure of fat commission checks and other perks could lead an agent to sell you an insurance policy that you really don’t need,” said Joe Frey, senior editor of Insure.com.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
First Brands Hit by $286 Million Claim for Alleged Tariffs Fraud 
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
Progressive Is Biggest Auto Insurer, Surpassing State Farm, Says S&P GMI 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
