by MohamedG » Thu Mar 31, 2011 07:30 pm
My main goal was to sell auto insurance, I have been told brokers are not competitive in this market due to Allstate & Statefarm.
I have no interest in purchasing a book of business since I have a decent sized network.
I also have no interest in a base salary.
I have spoken to 2 statefarm branches & both informed me that no one offers a percentage of renewals, is this true?
I heard from another insurance broker that Allstate offers 40% on auto if I open my own branch.
I am not concerned with a base salary
Does anyone know the % in commission and any information regarding renewals.
I appreciate the help
I have no interest in purchasing a book of business since I have a decent sized network.
I also have no interest in a base salary.
I have spoken to 2 statefarm branches & both informed me that no one offers a percentage of renewals, is this true?
I heard from another insurance broker that Allstate offers 40% on auto if I open my own branch.
I am not concerned with a base salary
Does anyone know the % in commission and any information regarding renewals.
I appreciate the help
Posted: Fri Apr 01, 2011 01:18 am Post Subject:
Sounds like you're talking to the wrong people ...40% ?? Nope.....zero%?? nope
Posted: Fri Apr 01, 2011 01:31 am Post Subject:
Ok, do you know roughly what percentage?
Posted: Fri Apr 01, 2011 11:10 am Post Subject:
averages 10-15% of premium
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