How Much Does A Insurance Agent Make
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How Much Does A Insurance Agent Make
Can anyone tell us what a Insurance agent makes on commisson when he sells you a police for Auto Insurance and does he make more if he insurance more that one (1) car if so how much does he make on each car or truck?????
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This is something that we all would like to know, since you may think that a agent makes a killing on you, you can see that they have to work for their bread and butter also. But I do have to say there are some out there that could care less about you just as long as they get a pay check thats all they care for. An there are some out there that will do everything in their power to protect you, since your agent is the most important person you have when it comes to insurance.
Do you agree or disagree?????
Do you agree or disagree?????
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From: Oregon
All the Insurance agents I've known are paid on par with what 94van posted. First few years they really pound the pavement to get a customer base up. If you think about it they don't need to make that much off each sale, they just need 300+ good customers to take care of, then it's just a matter bringing a few more in a month. I'm sure it's nice to make a few extra bucks off a new policy, but I doubt they get rich off it. The money's in the long term.
I've been with my agent for 18 years now. She's made a few bucks off me and I get treated right. I can jump in an uninsured car, make a quick phone call and I'm covered. I've reduced my rates a few times with no hassles.
If you're trying to horsetrade with these guys, think long term. Tell them you'll pay a couple hundred more than what they want - up front, if the monthly can be lowered $25 from then on.
I've been with my agent for 18 years now. She's made a few bucks off me and I get treated right. I can jump in an uninsured car, make a quick phone call and I'm covered. I've reduced my rates a few times with no hassles.
If you're trying to horsetrade with these guys, think long term. Tell them you'll pay a couple hundred more than what they want - up front, if the monthly can be lowered $25 from then on.
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My dad was a Nationwide Agent and that was back in the 60's and was a agent for 30 + years and in 66 he died.
I would have to say the make allot more today than when he was a agent.
All the agents I know today have New Homes and allot of other nice things. Like you said they even have farms, Cottages at the Lake and who know what all.
I just dump a GRANGE Agent that I throught was a good agent until my daughter was in a acceint and we took it to court and it was the other guys fait and he would not do anything about it, he knows what he had to do but refused to do it. The only thing he cared about was the money he was makeing off of me. Yes he has a $300,000. home. You tell me if he cared?
I would have to say the make allot more today than when he was a agent.
All the agents I know today have New Homes and allot of other nice things. Like you said they even have farms, Cottages at the Lake and who know what all.
I just dump a GRANGE Agent that I throught was a good agent until my daughter was in a acceint and we took it to court and it was the other guys fait and he would not do anything about it, he knows what he had to do but refused to do it. The only thing he cared about was the money he was makeing off of me. Yes he has a $300,000. home. You tell me if he cared?
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From: Oregon
Look how insurance costs have climbed over the years. I pay about the same every month now as I did a year, when I was a new driver at sixteen. I remember my folks just having a fairly new car and a beater truck. Couples didn't live in 4000sq./ft houses. Your Dad should have just hung on another 40 years. (My Dad was a sales guy, too. Over 50 years straight commission - worked hourly for a year and a half once...
)
You know, you get 500 people with home/multiple auto paying you $10/month = $5000/month. Then pay for office help to do the filing and answer calls while you work on getting another 500 people. Give good customer service and treat people right, after a few years the income will be there. Especially now when most of the calls get put through to a national call center. If I got in a wreck or locked myself out of the truck, I'd call the 1-800 number, not my agent on Sunday night. You don't pay them all that much, it's just a volume thing.
)You know, you get 500 people with home/multiple auto paying you $10/month = $5000/month. Then pay for office help to do the filing and answer calls while you work on getting another 500 people. Give good customer service and treat people right, after a few years the income will be there. Especially now when most of the calls get put through to a national call center. If I got in a wreck or locked myself out of the truck, I'd call the 1-800 number, not my agent on Sunday night. You don't pay them all that much, it's just a volume thing.
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My Dad was an insurance agent from the late-1960s until around 1990. He worked for Farm Bureau twice and for three different independent agencies over the years. He made really good money in the 1970's working for others. He went on great trips with the tab picked up by the companies and generally lived pretty well. Things started to change in the 1980's. The people who owned the agencies made more than ever, but the money started slipping away from him. He wrote just about any kind of insurance there was, but auto insurance was not the huge money maker. It was life insurance and especially medicare supplements that paid him well.
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Insurance agents are people, some good, some bad. I was one of my agent's first customers about 15 years ago. He had it pretty lean the first couple of years but things got better as his base increased. I can call him 24/7 with any problem knowing he will take care of it.
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From: Southern MD
Originally Posted by JohnAW
This is something that we all would like to know, since you may think that a agent makes a killing on you, you can see that they have to work for their bread and butter also. But I do have to say there are some out there that could care less about you just as long as they get a pay check thats all they care for. An there are some out there that will do everything in their power to protect you, since your agent is the most important person you have when it comes to insurance.
Do you agree or disagree?????
Do you agree or disagree?????
The agent, if caring, can help put some pressure on the decision makers for the policy holder, but thats about it.
When I sold insurance, I made much larger commissions on life and health than auto/homeowners policies. Its a numbers game, the more customers you get, the more you make. I was with my same insurance agent for over 40 years until he retired in his 80's. Can you imagine the policies he sold in his 60+ years in the business?
Last edited by 94van; Mar 5, 2006 at 06:29 PM.
