New Agent Considering Allstate or Farmers

Discussion in 'Getting Started Selling Insurance' started by no prospects, Oct 24, 2011.

  1. jmancuso
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    jmancuso Member

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    The main question I have is, are you planning on opening an office with either of them? Or, are you just looking for training? To open an office with Allstate will take a hefty financial commitment -I believe around $50K - to get an office open. Farmers is just the opposite. It seems to me that would be the biggest concern. Especially if ya don't have an extra $50K sitting around.
     
  2. no prospects
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    no prospects Member

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    Yeah...for the training. I eventually want to go the independent route.
     
  3. Bob Klee
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    Bob Klee Well-Known Member

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    I've done both, but a long time ago for Farmers. But process has not changed from my contacts at Farmers.

    1 Farmers agency, 2 Allstate agencies. I'd take Allstate personally. $50k to start an Allstate agency? what part of the country is that in?

    Either way, I'd contact Farmers/Allstate agents in your area & see who the Good Agency manger is. He/she can make your life a lot easier if they are one of the good ones. If not, you will be miserable IMO.

    If you'd like more info, give me a call or send an email. Personally if I'm a newbie, I'll take the captive route to start vs IA for a P&C Agency.

    Others may vary but I've done it 3 times in 3 different states.:yes:
     
  4. jmancuso
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    jmancuso Member

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    That IS the Allstate requirement for the Texas market. Before I started down the road to independent status I called Farmers, Allstate , State Farm and Nationwide recruiting staff and got all the dirt.
     
  5. Sales71
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    Sales71 Well-Known Member

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    Bob Klee it's been a while since you left the company. That is what they are looking for 50k liquid money. Most new agents will spend that money in the first two years on marketing to get new business in the door.
     
  6. chicagorep
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    chicagorep Member

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    So for all of us that are new and considering Allstate, Farmers, State Farm, Nationwide, etc.... At the end of the day... which is the best company P & C company to go work for?... A) with the plan to stay captive
    B) with the plan to go Indy
     
  7. Guest
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    How about.........NONE of the above, go start working in an IA agency, find a somewhat older principal, and maybe you can buy it out in a couple years
     
  8. xrac
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    xrac Well-Known Member

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    How about Nationwide, Country Companies, Shelter, etc.? I really don't know much about these. I just no to Farmers, no to Allstate, and no to SF.
     
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