Carrier Commisson Rates

Jul 26, 2015

  1. TexasInsuranceNow
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    TexasInsuranceNow Expert

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    What does your carrier pay for commission?

    For example, Liberty Mutual pays 12% for home and 2% for renewal.
     
  2. insurance1822
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    insurance1822 Guru

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    State:
    Alabama
    Gmac - 14/10
    Progressive 10/10
    Travelers 15/12
    Encompass 18/15
    Safeco 15/15 for preferred down to 10/10 for certain scenarios
    Regional Monoline Property 20/15
    Kemper 15/15
    Donegal 15/12 personal
    Metlife 20/15
     
  3. AZDave
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    2% renewal? You will lose money on that split.
     
    AZDave, Jul 26, 2015
    #3
  4. TexasInsuranceNow
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    Thanks! The commission rates must be slightly higher in other states? Average cot of a homeowners policy here is roughly $2,000. What is the average cost where you are at?
     
  5. cgreene
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    I was with Liberty for 5 years renewals were 1.4
     
    cgreene, Jul 27, 2015
    #5
  6. MedMalAgent
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    Did you work direct for Liberty? 2% renewal is criminal! Why work?
     
  7. cgreene
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    cgreene Guru

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    Yes in two different states I was a lead sales rep
     
    cgreene, Jul 28, 2015
    #7
  8. tmcbride
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    tmcbride New Member

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    You should be getting 15% for HO in Texas through independent companies, less if you access through an MGA or aggregator.

    Auto and commercial lines (especially professional liability) is much less.
     
    tmcbride, Jul 28, 2015
    #8
  9. ModernInsurance
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    ModernInsurance Super Genius

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    As an LSP (licensed sales producer) for a captive agent with Allstate, it's 15% annualized commission for all personal lines. Zero for renewals. Bogus, but seems to be the norm after speaking with several Allstate agents.
     
  10. TexasInsuranceNow
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    Allstate doesn't pay renewal commission? Do they give a salary? What's the point? I thought LM was bad.
     
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