Average First Year Commissions in P&C

[APInsurance]

I would figure on about $1000/month for the first 6 months. You may her that a lot of agents are doing 2,000 - 4,000/month on internet leads. they may be getting that in new business, but they are spending more than that in the leads, and then probably losing 30-40% of those withing 6 months. then you have paybacks.

The best way to make money in P&C is in Home Policies, then cross-sell the auto's.

If you focus on just selling auto, you will be nickel and diming yourself.

Kevin
APinsurance

 

[STIBROKER]

The best way to make money in P&C is in Home Policies, then cross-sell the auto's.

like selling health and cross selling life...........

 

[APInsurance]

I Started almost 6 years ago with Farmers. they matched my New Business income the first year. I actually did very good in comparison to most agents in my district. I averaged about 25 policies /month and about $1,500 in new business commission. For first year agents, I this number is about in the 70 percentile. If you want to do more, you can get into the buying internet lead business, but plan on spending a lot of money and lose 80% of that business the first year. I recommend marketing your own website and Facebook pages to produce your own leads. Also set up email autoresponders to stay in contact with all your leads. This is the best way for long term sales.

 

[Pickleback]

Actually the best way to make money in P&C is probably to sell commerical..... Get out there and sling a few nice Work Comp policies and get the $$$ rolling. But i'm sure you'll have to operate within the sales parameters the agency has setup for you. We have different sales departments here.

 

[BTFuzz]

Actually the best way to make money in P&C is probably to sell commerical..... Get out there and sling a few nice Work Comp policies and get the $$$ rolling. But i'm sure you'll have to operate within the sales parameters the agency has setup for you. We have different sales departments here.

I would say the best way to make "quick" money is to sell commercial.

 

[Guest]

Consider a ROUGH average on P&C personal lines at $100 per policy.....

Quoting and processing policies takes very little time, I just had a guy call, my time between quote, processing and emailing him paperwork.......13 minutes....

I was taught, you should spend 80% of your time marketing, 20% on appts and processing and service work......

If you arent marketing, you arent quoting, if you arent quoting, you arent issuing policies, if you arent issuing policies, you are standing in the food line at the local shelter.

 

[Landersinsuranc]

. If you want to do more, you can get into the buying internet lead business, but plan on spending a lot of money and lose 80% of that business the first year.

So you think that buying internet leads is a waste of time because the retention is so bad?

 

[VaDwayne]

I would say the best way to make "quick" money is to sell commercial.

And sure is a lot more fun....
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So you think that buying internet leads is a waste of time because the retention is so bad?

Why would ANYBODY but leads for P&C insurance when you can create your own for free? This doesn't, and probably never will, make sense to me?

To each his own.........