3 ms·

Does anyone know what an insurance agent makes? If I go to my local State Farm office to get a home owners policy, what is the cut that goes to the local office

• gen220 6y ago
  It's generally quite low, but it depends on a large number of factors, and varies a lot market to market. It's generally a couple percentage points of your monthly premium, per month. An agent generally needs a couple hundred paying policies to be in the black.
• dmurray 6y ago
  You can make a guess based on rent and salaries. Those aren't amazing businesses, probably the median one nets a few grand per month.
• aianus 6y ago
  $800 commission for a $50/mo life insurance policy. You have to pay the commission back if they cancel within a year. Can’t really offer a source but I heard it from an insurance broker personally.
• phonon 6y ago
  10% or so to the agent. Everyone makes money on the renewals (your "book").