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You get a base salary and decent new business commission but the renewals are round 1-2%. Good place to learn for free with no investment then make your way to freedom as an independent agent. I would recommend Liberty Mutual or working UNDER a captive or indepdent agent. Allstate agents are running to be IA I hear from my marketing reps.
Hello Everyone! My partner & I are thinking about opening an insurance agency. We have looked into freeway insurance & Allstate, but don’t know much about either. I have 3 years experience working as a producer & they have 10+ years running several franchises (business savvy). What kind of...
What would be better between Allstate and finding a good IMO with top contracts, DM lead cost, and free quality training?
Allstate's IA product is Encompass. However, I'm sure there are indy agents out there that have been grandfathered in to an old Allstate contract (as mentioned above). Nov 15, 2016
With SF, you're not even really an agent until the 3 year mark. Your DM can terminate your contract on a whim, with no recourse. A lot of people on here will preach how much better the independent agent career path is, but there are TONs of complications there, and additional headaches that make it a bad idea for people brand new to insurance...
112. I have a $3 mill PL book with them running a 37% loss ratio. Nice near 50/50 auto/home mix. Commissions cut from 12% to 9%. Non negotiable. I can't move it (nobody wants the business) and I can't sell the book (same reason). Travelers cutting similarly in January. Others will likely follow. We are not permitted to charge fees (agent ...
Can independent agents get contract with USAA
I have worked with AAA as a direct agent, and allstate as a sub producer to an agent and there is no way I would ever start my own allstate I am actually looking in to starting my own independent agency. I have work with allstate in FL, MD, and CA and every allstate has the same problems, the company is to picky on who they insure, I think I ...
All of your questions should be answered by the agent you are going to work for since he is an independent agent, an Exclusive Agent or Independent in the Allstate family. to answer your questions: 1) depends on the AGENT but most I worked for were in the 25-35 range. Some agents bring producers on as commission only and you pound the phone all ...
New Member. 7. Hello. I am a 20 year veteran insurance professional. I have worked in all capacities in small and medium size agencies in NJ..I am considering buying an established Allstate Agency in NJ. I would love to hear from other Allstate agency owners about the pros and cons of buying/owning an Allstate agency. marindependent. Jun 30, 2022.