Any perception what a first year insurance agent near Progressive would label (on average)?
I understand they are P&C only, merely wondered what type of income that could yield? I wonder what some of the minimum goals/expectations they might have are?
Answers:
They trade AUTO insurance. They don't have "minimum goals", which is really nice - ie, if you can't put $100,000 on the book the first year, they won't fire you.
Their commissions are 10%. So, if you put on $100,000, you get $10,000. And final I heard, they don't do contingencies.
So if you're going to make a living stale of JUST selling Progressive, you need to write $500,000 of policies (like, 5,000) in writ to be able to eat. That's not unforced. Source(s): agent, 21+ years
30,000. You may want to try the estimating area (auto) they are paid well.
It depends if you're an independent agent or not. My dad owns his own underwrite insurance business and sells mostly progressive. It took about 3-5 years to really win up and running and make good money. Now I want to say aloud (after 7 years) he makes like 80,000. First year could be low. resembling less than 10K. You have to build up clients to clear good money and you have to subtract bureau expenses. Estimate 10K the first year if you do well. And then digit increasing it every year. You're right, if you don't perform you can get dropped. As far as how abundant sales you need per quarter, I'm not sure. In anycase I'd influence the 30K first year salary is high.
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Answers:
They trade AUTO insurance. They don't have "minimum goals", which is really nice - ie, if you can't put $100,000 on the book the first year, they won't fire you.
Their commissions are 10%. So, if you put on $100,000, you get $10,000. And final I heard, they don't do contingencies.
So if you're going to make a living stale of JUST selling Progressive, you need to write $500,000 of policies (like, 5,000) in writ to be able to eat. That's not unforced. Source(s): agent, 21+ years
30,000. You may want to try the estimating area (auto) they are paid well.
It depends if you're an independent agent or not. My dad owns his own underwrite insurance business and sells mostly progressive. It took about 3-5 years to really win up and running and make good money. Now I want to say aloud (after 7 years) he makes like 80,000. First year could be low. resembling less than 10K. You have to build up clients to clear good money and you have to subtract bureau expenses. Estimate 10K the first year if you do well. And then digit increasing it every year. You're right, if you don't perform you can get dropped. As far as how abundant sales you need per quarter, I'm not sure. In anycase I'd influence the 30K first year salary is high.
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