Becoming a State Farm Agent

[fastrack1]

people here dont know or care about the difference between ACV and replacement cost because there are rarely any total losses.

Bank is alright but commissions are ****...and getting people approved, you have a better chance of hitting the lottery.

They will care when you do have someone with a total loss. That is a very poor business approach. Sell to the ignorant masses. My office chooses to educate the client and sell the value of our policy and our expertise. We also are not competitive in HO, but we write it everyday, often when we are hundreds more on the package deal. It's why it is called a sales job. I had a client with a total loss last year. I can't imagine if we only had a ACV policy for competitiveness sake and I had not explained it to them.

Concerning the bank, you can also improve your percentages if you will develop a contact at the bank and learn how to work the system properly. I would venture to say, without any proof of this, that our approval ratio of applicants is not much different than any other bank out there. The vast majority of people have crappy credit and are overextended on their vehicles. I wouldn't lend them money either.

 

[jcarring99]

So have things improved at all in the last two years for new agents? It seems like the negative talk has slowed down somewhat or is everyone getting tired of rehashing the same information? I'm looking for honest opinions both good and bad. I'm too old to make a mistake in my career at this point.

 

[CaptiveGuy]

So have things improved at all in the last two years for new agents? It seems like the negative talk has slowed down somewhat or is everyone getting tired of rehashing the same information? I'm looking for honest opinions both good and bad. I'm too old to make a mistake in my career at this point.

This forum saved me from a horrible decision:
TICA04 and AA05 Agents Forum - TICA04 and AA05 Agents Forum

 

[infoe]

So have things improved at all in the last two years for new agents? It seems like the negative talk has slowed down somewhat or is everyone getting tired of rehashing the same information? I'm looking for honest opinions both good and bad. I'm too old to make a mistake in my career at this point.

Nothing has changed.

3 options

contract stays the same- look elsewhere
contract becomes a fixed 8%- well at least your not being sold a pipe dream...look elsewhere or if nothing else is better just plan and run your business according to 8%
contract for AA05 increases and remove the variable piece- (doubtful) well then it may be worth looking at again.

 

[xrac]

So have things improved at all in the last two years for new agents? It seems like the negative talk has slowed down somewhat or is everyone getting tired of rehashing the same information? I'm looking for honest opinions both good and bad. I'm too old to make a mistake in my career at this point.

Things cannot change unless SF changes the contract which hasn't occurred to my knowledge.

 

[BTFuzz]

It might be.Cause most of companies they just want to make sure that everything is perfect.

Brilliant!!

 

[STIBROKER]

Nothing has changed.

3 options

contract stays the same- look elsewhere
contract becomes a fixed 8%- well at least your not being sold a pipe dream...look elsewhere or if nothing else is better just plan and run your business according to 8%
contract for AA05 increases and remove the variable piece- (doubtful) well then it may be worth looking at again.

and now you have to sell State Farm Life Insurance also.....

 

[jcarring99]

I spoke with my recruiter last week and he was telling me that a new market opportunity was the best way to go. Explained that with the money given per month that it was like getting a book of business. Said that 90% of new market agents were hitting their goals and getting the full share each month.

 

[VolAgent]

I spoke with my recruiter last week and he was telling me that a new market opportunity was the best way to go. Explained that with the money given per month that it was like getting a book of business. Said that 90% of new market agents were hitting their goals and getting the full share each month.

BS. I'd get a firmer statement of that 90% hitting it. No way SF did an about face and has everyone hitting bonus money and surviving.

 

[xrac]

I spoke with my recruiter last week and he was telling me that a new market opportunity was the best way to go. Explained that with the money given per month that it was like getting a book of business. Said that 90% of new market agents were hitting their goals and getting the full share each month.

Trust but verify. Talk to scratch agents who are 2-3 years in that will tell the tale.