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Just got my 220 general lines
following.....
We are usually around the 120 quote a month mark. March we have done 129. I haven't checked our close ratio but anytime we quote 90 or more a month we usually write 60k the following month. We did 180 quotes last August and had a big September. 1st quarter this year we have yet to have a huge month but we have been at 60k each month. Slightly down from last year at the same time . We are independent and we are probably 90% homeowners
Interesting. Would you consider that high volume for an Indy agent in P&c?
As an indy with 2 agencies...
Non standard, about 40 quotes a month, close about 30, lose about 29 the next month.
Standard/Preferred, about 100 quotes a month close about 75 retain about 75% to the carrier @ 12 mos, and 90% to the agency @ 12 mos. about 15% rewritten to another carrier within the agency.
We are in a smaller town so this will be skewed a little from metro area agents and other states of course.
No broker fees... I exaggerated a little, its closer to about 25 % cancel next month and 60% retention at the 1 year point. Regardless, its not designed to be a profit maker, just as a referral source for non standard business to keep it out of our preferred agency. As long as i make more than I lose, and I do, its a win win.