What's the average commission levels I could expect from selling Car Insurance and Home Owners respectively?

Follow
  • Follow publicly
  • Follow privately
  • Unfollow
I'm already a licensed Life and Health Agent. I'm researching opening a P&C office. I know P&C commission amounts are lower than what I've had experience with but what ...show more
Best AnswerAsker's Choice
Depends on the contract, but industry average is between 8% - 20% first year commision. Renewals depend on the contract, but are usually in the same ballpark.

For calculation purposes, I usually use 15%.

For a more indepth article: http://www.insuranceyak.com/how-much-com...

Source:

Asker's rating & comment

4 out of 5
Thank you.
  • Rate
  • Comment

Other Answers (2)

Rated Highest
  • Rated Highest
  • Oldest
  • Newest
  • Sue answered 6 years ago
    It depends on the company & state. Our book is 10-17% on auto & 15%-25% on homeowners & umbrella. Yes, we still have homeowner companies that pay 25% homeowners commission. Most of our companies pay the same commission on new business & renewals. Some pay lower for renewals when they have a service center.

    Source(s):

    Insurance agent
    • Rate
    • Comment
  • mbrcatz answered 6 years ago
    If you use your own contracts, it's about 10% for car, and 15% for home.

    The good news is, commissions are the same for renewals, and competition for the business isn't as heavy. The advantage over life & health, is that after a few years, you can rely on your renewals and walkins more and more, and don't have to keep knocking yourself out with sales.

    Source(s):

    agent, 21+ years
    • Rate
    • Comment
  • Sign In 

    to add your answer

Who is following this question?

    %
    BEST ANSWERS
    Member Since:
    Points: Points: Level
    Total Answers:
    Points this week:
    Follow
     
    Unfollow
     
    Block
     
    Unblock