2006-12-13 02:54:00 · 8 answers · asked by Anonymous in Business & Finance ➔ Insurance
As most of the other answers have already said it does vary based on sales if the agent is strictly commission. However some agencies have a base salary along with the commission, and still others have salary only. If the agent is 1099 employed (this means that they don't have taxes taken out of their pay), than they are commission based only and on top of all the sales and renewals they get, Uncle Sam also pays $.48 a mile (that's off of their taxes of course) and gives other tax related discounts. I have a lot of friends in the insurance industry and a good agent with the proper amount of training and lead systems can easily make $40K to $60k their first year. As a customer base is made the potential earnings just skyrocket from there.
2006-12-13 11:12:39 · answer #1 · answered by Angelleena 1 · 0⤊ 0⤋
It depends on how many years the agent has been in the business. On average a first year, rookie greenhorn agent can make between 24K and 35K. Some companies have financing programs to help such agents.
I personally am going into my second full year and so far have increased income by 15K.
2006-12-13 12:41:42 · answer #2 · answered by pdcasteel 1 · 0⤊ 0⤋
It depends on what company your with.Allstate is cheap bastards are you in good hands.my a$$ they suck i was making bout 15 a year plus commision.Thats all outbound sales.Im with another company i cant say but im making 29 k with commision all inbound.I make money for new policies and rewrites and also from towing policies.Just dont be a independent agent those those be a captive agent where you have your set salary and still additional bonuses.
2006-12-13 18:28:47 · answer #3 · answered by javi 2 · 0⤊ 0⤋
Not enough believe me. Salary+Commission=Total Yearly
2006-12-13 18:09:57 · answer #4 · answered by juanita77008 2 · 0⤊ 0⤋
Depends on their sales. I known salesmen who sell to companies who make $100,000 per month. They kept getting residuals when the insured renewed or paid by the month. Time was residuals were the salesmam's retirement. I hear now companies have screwed most salesman out of long term residuals.
2006-12-13 11:26:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋
it totally depends on how much they sell. Assuming they are on commission, it will be the % that they contract with. there are a few that have salary + commission & that is the same thing, what ever the salary + what ever the comission
2006-12-13 11:10:22 · answer #6 · answered by ricks 5 · 0⤊ 0⤋
they make commission.. so it all depends
2006-12-13 14:53:29 · answer #7 · answered by ? 2 · 0⤊ 0⤋
some can become rich
2006-12-17 08:12:21 · answer #8 · answered by Anonymous · 0⤊ 0⤋