Just Got My Auto Insurance License. Now What ?

[gadelhak807]

hello and sorry if this is in the wrong thread.

as the title implies, i just recently got my producers license in Illinois for Motor Vehicle Line.

i want to start off selling insurance out of my house. how do i go about doing so ? i couldnt find any information about where to get contracts with various companies.

Im not looking to make it big overnight but it would be cool to put my license to use, so if anyone can help it would be greatly appreciated.

thanks!

 

[HomeService]

Good question, I wouldn't mind doing this as well.

 

[Josh]

I just have to ask, why did you get your license without knowing what you would be doing with it?

 

[HomeService]

I dunno about the OP, but in my case it was a life company who also sold renter's ins. and wanted me to market renter's as well- so I got my P&C. They were captive and now I'm gone and have a license with nothing to do with it, but I think I may do car ins.

 

[gadelhak807]

I just have to ask, why did you get your license without knowing what you would be doing with it?

I own a dealership and often am faced with insurance issues which i do not understand and pass off to another guy. so i thought it would be smart to at least take a class on auto insurance to better understand what everyone is talking about.

that class turned into me taking the exam, passing, and getting my license. i guess it's more of an interest than a financial endeavor. LOL i actually have quite a bit of various licenses (all kept current) that i have no real use for besides informational use. yeah...i have a thing for knowledge.

 

[HomeService]

I own a dealership and often am faced with insurance issues which i do not understand and pass off to another guy. so i thought it would be smart to at least take a class on auto insurance to better understand what everyone is talking about.

that class turned into me taking the exam, passing, and getting my license. i guess it's more of an interest than a financial endeavor. LOL i actually have quite a bit of various licenses (all kept current) that i have no real use for besides informational use. yeah...i have a thing for knowledge.

Cool, you have a car dealership? Did you see my post right below this one, where my buddy with a dealership and auction wishes for me to set up shop with him and write car insurance? What do you think?

 

[Aram Fingal]

Step 1: Get Insurance License
Step 2: ???
Step 3: Profit

It's step 2 that we all struggle with every day.

 

[gadelhak807]

@HomeService: yes i just read your post. lol i actually thought of doing the same but realistically, but many people don't buy their first car from me--so naturally, many people are not apt to switch carriers. however, i do think it's a great opportunity to give them a business card, try to sell it to them, and see how it goes. you should ask your friend if he can work out some type of referal system w you.

@Aram Fingal: LOL yes yes, of course. i guess my question is more specific than "how can a make money from this". its more along the lines of "how do i even let the insurance companies know i'm interested in selling their insurance?"

 

[Aram Fingal]

its more along the lines of "how do i even let the insurance companies know i'm interested in selling their insurance?"

You could probably just call Progressive, I think they'll appoint anyone. Maybe start by checking company websites?

 

[gadelhak807]

hmmm...presumably. i went thru all the insurance websites i couldnt find anything on re-selling their insurance. but i anticipate a phone call would do more justice to the inquiry at hand