How much an insurance agent makes per policy

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In this video I discuss the several ways an insurance agent gets paid how how much an insurance agent makes per policy. This will give you a good idea of the different way sales reps in the insurance industry earn their income.

There is a correction on this video. I mentioned a policy that is $2000/yr will give you commission of $2400. Pretty sure that's bad math!! The commission would be $240 :-)

#agent #insuranceagent

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DISCLAIMER:
Please consult your agent before making any changes you feel you are not knowledgeable with. Due that the laws being different in each state, I am not responsible for any changes or updates that may have occurred after the making of this video.

This video and description contain affiliate links, which means that if you click on one of the product links, I will receive a small commission. This helps support the channel and allows me to continue to make videos like this. Thank you for the support! Car insurance advice, car insurance, auto insurance, home insurance, homeowner’s insurance

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I love my commission. I get 70% advance commission on an annual premium. So if I sign a person up for an $80 a month policy, I make $672. The downside is I have to get my own leads. I really don't care lol. I make around 12k a month on a lazy month.

angelalink

GREAT CONTENT! I just started my own insurance company 6 months ago and it's been a journey where I keep

pattyortiz

AMAZING VIDEO. You were very detailed on the income breakdown. I SUBSCRIBED.

Blue_Kryptonite

I sub to your channel bruh. Thanks for info

TheReelRodeo

Great information, thank for sharing it with us!! 😊

supersimple-caadri

There is a correction on this video. I mentioned a policy that is $2, 000/yr will give you commission of $2400. Pretty sure that's bad math!! The commission would be $240 Not $2, 000.

ThinkInsurance

Hi, thank you for your content.
I'm a double State insurance agent for MO and CA but I work as a captive sub agent for a CA agency. I'm really good at quoting and servicing policies. But low pay. What do you suggest are my best options to move forward more independently and get paid what I'm worth. Of course the down park is getting own leads. Would have to learn to do that. Which I have ideas

rosygunnrkenedy

I think a big thing here is how good you are and how your agency is set up. This comment is from a point of view of a producer working for a an agency that does sales and service. I get anywhere from 12-15% of what I sell plus a nice salary because I've been doing this for 7 years. If you can produce 40k + a month that will hit you at 15% where I'm at. 6k just on that plus base. I'm on track for 100k + per year. Know your worth as a sales staff. An agency the size of mine 5500+ policies should gross 500k+ - overhead, taxes and salary. Netting roughly 250-300k. The average insurance producer at a reputable agency not a 1800 number sells about 12-18k per month. If you sell more than that then get to know your worth. A good agency will pay you more than double what google says the average producer makes.

matthewmaxfield