Honestly besides Geico there is no really competitive auto market in NY ... I've seeing some good #'s with Mercury and NY central in the past weeks.. but again direct writers will take over in the near future... Time to prepare for a different market ... or focus on sub-standard auto market- still a lot money to make with that...
Just want to know if you guys are willing to help me create a spreadsheet to see which is the better choice by numbers.
From what i gathered so far
SIAA - 9500 down, 10% commission to siaa, 25% of book belongs to siaa if you sell, 10 year commitment, 15% on new business, 12.5% on renewals.
Smartchoice - 0 down, 30% commission to Smart(capped at 15k/50k), 2x buy out if you leave, no "term" commitment, 15% on new business, 12.5% on renewals.
Please help me with whatever i left out. Thanks
i will be posting the spreadsheet if this is okay and help others decide which is better for their agency based on their plan.
I am a new agent and want to be an independent agent. what's good wholesaler for personal line in NY 5 boro? please let me know. I want to focus on my business on life and health first. thanks.
