Anonymous
Anonymous asked in Business & FinanceInsurance · 1 month ago

How do insurance agents make money?

3 Answers

Relevance
  • 1 month ago

    By selling policies and collecting commissions. 

  • fcas80
    Lv 7
    1 month ago

    A portion of your premium, such as 15%, goes to them and is called commission.  They perform some of the duties that otherwise the insurance company would have to perform.

  • Anonymous
    1 month ago

    They take your money. If you make them have to pay any of it back by filing a claim they charge you more money from then on.

    It's more of a racket.

Still have questions? Get your answers by asking now.