All-State Producer

[Guest]

Yeah if all you are quoting is your family and friends.

Anyone converting 70% P&C is so full of it or the richest person in the world.

I bet you always win in Vegas too.
- - - - - - - - - - - - - - - - - -
My average producer makes around $2600 a month right now. They also average around 30 policies per month. I work them pretty hard but the hours are great and they get weekends off so hard to beat. There are a few agents that might be willing to pay more or less but what I pay keeps my people happy and fed. If they produced more they would get paid better though.

hey newbie, call me out if you want, but I am an IA, and YOU KNOW I can converting this percentage, and others on here will agree with me.... I have over 40 companies, it can, and IS done

 

[soonersublime]

Well I call BS!!!

I want another reputable guy on here to say that he converts more than 60% of everything he quotes, if more then 2 say yes then I believe you, but I still think your full of it.

 

[GMANPRO]

hey newbie, call me out if you want, but I am an IA, and YOU KNOW I can converting this percentage, and others on here will agree with me.... I have over 40 companies, it can, and IS done

I am good friends with an IA that also closes at 70% and he is in the same city as RBA.. hell I'm captve and I am at 38%..

 

[rudy323]

If each individual company has a niche with a 10% close rate, and you have 10 companies to represent, over 50% close rates aren't unreasonable

 

[JCK818]

I'm an independent agent and my closing ration is in the 70% range as well. Now I should point out that I do not buy leads, 95% of my business is through referrals and through a TV commercial I have. Once I speak with a potential client, it is very rare that they walk away from me without a sale. We try to get the whole relationship and I should add that we do mostly commercial stuff.

 

[CaptiveGuy]

Most independent agents should have a closing ratio over 50% I'm around 65% only because I quote a lot of internet crap. When I was captive I was around 12%.

 

[zbest1966]

I am at a captive agency its hard to close, I think thats because of the state.

 

[nyc2phi]

I am at a captive agency its hard to close, I think thats because of the state.

who u captive for in MD?

 

[zbest1966]

Allstate. Great agency and company but its a competitive area.

 

[JCK818]

70% closing rate??? That's clearly referral business...and I close 90% of referrals. So it's not unrealistic...

I see it this way. I would rather quote 8,000 people a year and close 10% then quote 200 a year and close 70%

For the old timers with massive books...they don't care. For us building our books? We're closing 90% of referrals and also pumping out tremendous quote volume.

The old timers love to toot their horns...

And oh yeah...Sprint as fast as you can from Allstate and suggest the agent liquidate his business before his family is on the streets.

Ask him about SRM6

The 70% I was talking about is not referrals. We advertise on tv for commercial insurance and we do close over 70%. Referrals are in the 90% as you said.