Overhaulin'

How much do car insurance agents make there first year?

What's the average for starting license car insurance agents? Do they only make commision or hourly too? Are the leads provided. Is it a hard industry to get into?

Public Comments

1. You will need to satisfy the requirements of your state in order to become a property and casualty insurance agent. There are many lines of insurance in which you can become licensed. Usually you will need to complete a specific number of hours of classroom training and pass a test to become qualified to take an examination administered by your state. You can contact your local community college or your state's insurance department to find a school. After successfully passing that exam and/or completing the pre-license requirements you can become an insurance agent. The average starting pay for the first year would depend on the size of the agency that hires you, and the number of sales you make.
2. If an agent starts working on his own, he will make the full commission on each policy. However, it's difficult to start a new agency: rent, computers, employees, taxes, health insurance etc. Therefore most insurance agents work for another company and are paid a salary. The commission may not even get to them. The salary varies depending on the region of work.
3. Breaking into insurance sales is very tough. Many agents have parents who own agencies, and learn the business that way. Many more work for an insurance company in marketing, etc. This allows them to learn the business, and then they can buy out an agency. There are a few companies that are willing to hire and train you. But those opportunities are few. A site I've recommended in the past would be... http://www.knowledged.info/go.php?link=insurance Hope that helps.