Anyone insurance salesmen??

Question

What is your average monthly and yearly income? Also, what company do you work at and how long have you been there?

Answer 1

yes, i've worked for two state farm agents & 1 allstate.

once p & c licensed & L & h licensed Base pay was 27000 (avg $14.07 an hr) and then commission on whatever u produce.  For example  if u produce 25 vehi, 3 life, 3 health, 1 mutual fund, avg commission $1000 a month. which means if u met ur goal monthly u can easily make 40,000 a year.

U have to b aggressive in this field though, with so many competitors, also consistent.

2nd agent  base pay 24000 + avg 500 commission monthly

allstate- base pay 11 an hr plus 5% on premium; life different and 1% renewal on all business u produce

Answer 2

i work @ state farm. my starting rate once licensed in insurance in all 4 lines of insurance (auto, home, life, health) is $10/hour. that is my guarentee pay. then i make comission on what i produce. i get $10 for every application that is auto, home, renters, ect.. for special liability policies i get $15. i get 2 months premium on life and health policies.

state farm also has a bank, any bank products i sell such as car loans, i get $25 for.

now im just a staff member, i dont know what an actual agent who runs the office makes, but it must be nice cause i sure am not complaining!