How much do independent insurance agents make?
Independent Insurance Sales Agent Salary
Annual Salary | Hourly Wage | |
---|---|---|
Top Earners | $200,000 | $96 |
75th Percentile | $111,000 | $53 |
Average | $91,323 | $44 |
25th Percentile | $42,500 | $20 |
Are independent insurance agents better?
They give you a choice – Independent agents represent many different insurance companies that offer a wide variety of coverage options and price points. With their connections and their knowledge of the market, agents can often find a better value for your insurance dollar than you might find searching on your own.
Who do independent insurance agents represent?
Independent insurance agents typically represent a number of insurance companies, or “carriers”, and sell the products that most appropriately meet the needs of their clients. Independent agents typically are very well trained and knowledgeable of the complexities of the insurance market and insurance law.
How do independent insurance agents work?
Below are the exact steps you need to follow to become an independent insurance agent and succeed in the financial services industry.
- Choose a career path and focus.
- Complete your licensing requirements.
- Get errors and omissions (E&O) Insurance.
- Get Contracted.
- Create a business plan.
- Stay Compliant.
What is the advantage of using an independent insurance agent?
Independent agents work with a variety of insurance companies to get you the best coverage at the lowest prices. An independent insurance agent has access to many markets to provide you with the policies you need. This access to choices can mean lower rates, less restrictive policies, and better coverage.
What kind of insurance agent makes the most money?
Overview of the Insurance Field While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.
How does an independent agent sell insurance?
How to become a licensed insurance agent
- Decide what kind of insurance agent you want to be.
- Decide which insurance products you will sell.
- Review your state’s licensing requirements.
- Take an insurance license exam.
- Submit your licensing application and background check.