Do we have any insurance agents here?

Every time I update my resume on any of the job sites, I inevitably get a ping from an Insurance or Financial broker looking for sales people.

However, this time was from a Farmer's Insurance recruiter. I'm guessing my past claims experience + Public Relations degree is why they invite to come in and chat.

I figure I could at least go speak with them. I had considered it before when i worked for State Farm, but they had pretty dramatic "liquidity" requirements at the time my 24 year fresh out of college self had no chance of meeting.

I'm not sure I'd still have enough as desired, but I remember Farmer's seems to give more help to starting out agents.

Anyone have any insight on this?

I don't know, but my friend, who has been out of a job for a couple months, keeps getting recruiter calls for insurance sales - the one thing he is absolutely no good at and not trained for.

From when I worked with State Farm, if they accept you into the program, they train you so you can pass your licensing tests, etc, and from what I'm reading it's the same at Farmers.

I did some more research last night, and I think there "income development" goals are a bit skewed.

State Farm is the largest provider of personal property lines in the country, they have approx. 30% of the amount of agents as Farmers, and I do know what State Farm agents made when I worked as a Claim Rep.

I suspect Farmers "typical income" is for the agency and not your personal income. Meaning that income has to pay rent/utilities/staff/etc.

z31maniac wrote: **State Farm is the largest provider of personal property lines in the country, they have approx. 30% of the amount of agents as Farmers,** and I do know what State Farm agents made when I worked as a Claim Rep. I suspect Farmers "typical income" is for the agency and not your personal income. Meaning that income has to pay rent/utilities/staff/etc.

Is that right? For every 3 SF agents there are 10 Farmers agents? Also, is Farmers like Allstate and SF where if you sell their insurance, you only sell their insurance?

The thing I've noticed about the good (successful) insurance agents is that they are all very much people persons. Can you go out and make friends with everyone you meet?

Not sure, just one of the things I came across.

I think you can be an independent and sell Farmers (unlike State Farm for example), but then you don't get the marketing/monetary back of the company the way you would if were a "captive" agent.

Can you sell?
This is the real question. The ones who can have ability to make a very good living. As an industry, there are high turnovers so they are always hiring. Since you are effectively an independent contractor, there is little risk and only upside the company to bring on another rep. At least they will get you to sell to your parents, grandma, friends, etc in the year before you possibly fail.

If you start there young and drink ALL of the kool-aid they serve you there can be rewards.

Why the hell are GSXrs so expensive to insure?

In reply to N Sperlo:
Because the math works out that way. Insurance rates are all math.

N Sperlo wrote: Why the hell are GSXrs so expensive to insure?

Because idiots think that a 600 is a beginner's machine, they finance it and the bank requires full coverage.

pilotbraden wrote:

N Sperlo wrote: Why the hell are GSXrs so expensive to insure?

Because idiots think that a 600 is a beginner's machine, they finance it and the bank requires full coverage.

Or it's because of the number of under 25 males that that wad them up. The cost of the bike isn't so much, but the clean-up, if they hit someone else, etc. is.

Sperlo, how old are you? When I turned 25 the insurance on my R6 dropped from $90/month to $11/month for full coverage.

27 years old ( for some reason it was saying 1) . 0 points.

I haven't checked bike insurance lately as I haven't been looking that much lately(automotive add), but if my friend ends up listing his zx10r for sale, I might pounce. Its more than I want, but for the right price and maintained, it'll work. If not, I'll have a triumph or MV 675 in a few years.(26yo 0 points)