Sell Auto Insurance Independently In Texas

[ryanvance9981]

I am wondering the best way to go about selling auto insurance independently in Texas. I am currently P&C licensed but am interested on focusing on the auto side of the business. I know places like Goosehead hires but am looking to either attach myself to something like that or just write business through some independent platform?

 

[marindependent]

I am not a TX guy - but am P&C in personal. There are really usually three ways to focus on Auto:
1. Personal Auto with the Home
2. High Risk Personal Auto [DUIs, First Time Drivers, ETC]
3. Commercial Auto

Are you thinking of one of these routes? Because it wil matter where you turn next.

 

[ryanvance9981]

So I run a state inspection business for cars and trucks. I see like 15 insurance cards per day and just see an opportunity to have my own set up where I can quote lower rates. I guess I am just trying to figure out how to do that.

 

[marindependent]

I think a good question might be: Does it make more sense to sell this myself as an insurance agent, or refer it out to an agent and receive some form of lead generation fee?

Keep in mind that its one thing to quote, sell, and issue a policy and entirely different matter of servicing insurance policies. Every auto change, every loan ammendment, every endorsement, each and every kid's license addition and college moves, accidents, claims, questions, divorces, and daily EOIs might be a lot more than you understand. Lastly when you pick up a client with the intention of saving them money - you have willingly picked clients that are more focused on costs. Costs to Join and Costs to Leave you.

Best of Luck

 

[ryanvance9981]

So I already do the lead generation fee but the brokerage that I refer out to isnt very good it seems. Maybe I just need a new broker to refer out to.

 

[fed up]

Could be the rates aren't much better and the person declines moving. I worked in a dealership and had to add vehicles to existing policies. I could see that I could save them money but moved about 1 person per month. If they aren't looking to shop, they aren't buying

 

[DNicholsIns]

If you're looking to go independent, you could start by connecting with insurance aggregators or clusters that allow independent agents to access multiple carriers without having to get direct appointments yourself. Options like Smart Choice or SIAA might be worth looking into.

 

[AZDave]

So I run a state inspection business for cars and trucks. I see like 15 insurance cards per day

Are there no privacy rules where you work? You are able to take their insurance card information without issues? And then sell their information as a lead?

 

[scagnt83]

Stick with lead gen fees.

If you win them on cost, you lose them on cost. Not a way to build a strong book of business imo.

And you are biting off a lot more than you think with trying to get into cost comparisons. Many of them will have bundled coverage. So you not only need to know the auto market, but the home/rental/personal property market as well. And if they own a business, you need to know that side too most likely to win that client. Becoming an expert in all of those would take many many years.

Not being an expert and writing the coverage anyways puts you at litigious risk of making mistakes unknowingly.... which is why almost every P&C agent starts off under a senior agent to learn the business.

 

[ryanvance9981]

If you're looking to go independent, you could start by connecting with insurance aggregators or clusters that allow independent agents to access multiple carriers without having to get direct appointments yourself. Options like Smart Choice or SIAA might be worth looking into.

There we go something positive thank you! So after your post something like Smart Choice seems like what I am looking for. If you know of any other of these aggregators let me know! Thanks a lot!