2007-12-04 06:44:37 · 3 answers · asked by ali z 1 in Business & Finance ➔ Insurance
I agree with everyone else that it depends on the type of insurance you are selling. For instance, I know of an agent that owns her own business and makes upwards of $700-$900k gross per year. If you are starting out, I would not expect to make any more than $35k your first couple of years. Another example is one of my best friends that started his own independedn agency and made a whopping $9,000 his first year because of overhead etc. The insurance industry varies too much to give a solid dollar figure.
2007-12-04 09:31:42 · answer #1 · answered by rfrey0907 3 · 0⤊ 0⤋
Texas- Whatever you are able to hustle up, that is what you are paid on. Agents are commission only, sometimes with a supplement from the company that must be repaid if certain sales goals are not met. Become an agent only if you have the time and financial means to weather the first 2-3 years. The turnover rate is high because it is hard to build a book of business. But once you do, the sky is the limit. Also, you MUST be a people person and be able to handle rejection on a daily basis. You will get abundantly more "NOs" than "YESs" over the course of your career. As for leads, don't ever count on someone else to provide you with your bread and butter. If leads are given, take them. Plan on getting nothing but what you work for.
2016-03-16 02:19:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Well it depends, be more specific on which agent you are talking about because working as a certain type of insurance agent can get you as little as $30k where but working as another agent can get you 10 times as that per year!!
2007-12-04 15:17:37 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Depends on what type of insurance you are selling and how much you sell. There is usually commission involved. Agents who produce make comfortable but not high salaries. Its very competitive and your hours can include nights and weekends.
2007-12-04 06:52:41 · answer #4 · answered by Diane M 7 · 0⤊ 0⤋
What kind of insurance is this agent selling? Is he a captive agent or independent? How many years has he been in the business? What's his persistency ratio?
2007-12-04 06:47:32 · answer #5 · answered by kja63 7 · 0⤊ 1⤋
It depends on your experience and training, as well as your method of pay. If you make salary, like I did, you could make anywhere from $30k to $40k (Canadian) per year, and this was an entry position. If you make commission, then it varies. If you are planning to enter the field, you may want to check and see locally what people make. I also worked in a fast growing industrial town, so my salary might be quite a bit higher than in other areas.
2007-12-04 06:49:02 · answer #6 · answered by sherpa_jones 3 · 0⤊ 0⤋
Where I live you can make 14.00/hour at Geico. That's if you are talking about an auto insurance agent.
2007-12-04 06:52:08 · answer #7 · answered by Anonymous · 0⤊ 0⤋
My dad did some insurance consulting for years. He made over $50,000 a year.
He basically visited work sites and did lots of documentation to what he saw & made recomendations to the companies to better themselves for safety concerns.
2007-12-04 06:49:05 · answer #8 · answered by Anonymous · 0⤊ 0⤋
It depends, my dad doesn't make more than me for his base salary. but his commission is what makes his money. For insight I make 11.00/hr, but his pay is on a comission scale. Its all based on how many policies you write and how many cars you sell. He does home,auto, and life. Works for AAA Insurance.
2007-12-04 06:48:00 · answer #9 · answered by loving life!!!!! 6 · 0⤊ 0⤋
is anyone able to tell what is the right answer for this question?
2016-08-26 09:46:42 · answer #10 · answered by lily 4 · 0⤊ 0⤋