Compensation is usually not too great but it is a good chance to get your feet on the ground in the business and to learn.
Becoming a State Farm Agent
- Thread starter shawn17ths
- Start date
Compensation is usually not too great but it is a good chance to get your feet on the ground in the business and to learn.
houstonagent
New Member
- 15
I've heard he's one of the best agents in the state. Is that accurate?
- 322
he's big but not one of the biggest...biggest in the state is the one writing the most in the checkpoint right now and thats kyle angelle..he won't take your call though so don't bother...also I would only talk with AA05 agents in a few years that do well...I'm in texas in a big city and Houston is one of the best cities as well as the valley (you must speak spanish or have spanish speaking team members to do well)
I'm in a big city but when I break even this year I'm closing shop.
I'm in a big city but when I break even this year I'm closing shop.
- Staff
- #734
houstonagent
New Member
- 15
Sounds like he would tell you not to do SF.
Chevarian113
Expert
I started working for an agent totally wet behind the ears, coming out of restaurant management, at age 21. I was hired on at 25k/ year salary, no commission on P&C, and a fair share (considering an agent's pay from the company) on life, mutual fund referral bonus, and 10% health. I didn't make much more than my base salary, but it worked great to get my feet wet, and learn the biz. Now, 5 years later, in a different region, and a different agent, I am making 30k plus 5% all P&C, multi-line bonus, and a month's premium on life (which isn't much at all). I've worked for 2 other agents in between, very short term. With the production levels I've done over the last 2 years for my current agent, on top of servicing, strictly 9-5 (taking night classes), I made 50k both years.
My point- every agent pays VERY different, some excellent, considering, some not good at all. I understand enough of the way they are paid to see how fair my pay is in comparison to the profit they have all made off of my production. I can give you a little insight about the company, and typical agent pays, if you'd like, just PM me.
Hey--State Farm has a good name,but they want the cream--open an independent P&C agency and go after the non standard business(lizards), they will have to be rewritten over and over, but they are loyal, you will take about 5 years and you will realize the fruits of you labor
- 561
Explain to me how it is profitable to write someone over and over...
In this competitive market, State Farm agents cannot simply write insurance like they did in the past. And from what I hear, their banking and investment products don't measure up. Either way, the RISK is much greater than most realize and they cannot count on the brand name to succeed. Not anymore.
Similar threads
