How Do Insurance Agents Get Paid?

[@ghettofollies2988]

I would like to see a video on how to pay your agents as a new agency. Thanks for all the knowledge

[@x22odin22x]

In cash and in unmarked bills dropped off at the regular spot

[@ShineInsurance]

That could work. What's the time and location? 😂

[@funnellsites1557]

Great informative stuff! Can you please explain how recurring commissions work?

[@ShineInsurance]

Each year most policies renew. At that time agents often get paid another round of commission. The amount can vary but generally its between 10% & 13%

[@devd7478]

Thank you for the valuable information. Hey just a quick question I am a new insurance agent and how should I negotiate a commission and an override with MGA? Can you please guide as all the agencies have different compensation structure, someone is offering me 100% of the commission (i.e if an insurance company pays 65% then entire 65% I get to keep )and top of that they give 40 % as an Override, so is this considered a good compensation ? as not sure how to negotiate, thanks a ton ,much appreciated

[@Kenz3]

Just got hired at State Farm $20 an hour plus 4% auto and home insurance, with the chnace to be bump up base on sales $100 per life this is good?

[@cateyelizabeth85]

Very helpful information because im considering becoming a sales agent. I just applied for a position but I got to thinking if there'd be a base salary or not...

[@chocolatebutterfly9295]

Awesome video. I would love to know more about your company. This video was very informative in plain English. It kept me interested in learning more.

[@ikon560]

Thanks for the information. I have one question regarding independent insurance agencies, besides commissions and profit sharing, can they also charge broker fees in addition?

[@ShineInsurance]

Yeah, most don’t and it depends on state laws but some agencies charge huge broker fees. Not cool if you ask us.

[@dreamspoilergaming6208]

Sir which is the best option ?

[@TerryJohnson757]

Independent. All day. When you get paid on what you produce, there is no limits on your income.

[@TheInsuranceDudes]

Love it!!! Way to break it down!!

[@ShineInsurance]

You all do a great job as well. We should collab some time.

[@augustoliver2779]

Thank you for making this video.

[@ShineInsurance]

Happy to! Hope it helps .

[@graceintore1071]

I just started exams for being an agent , what should be my goal an independent or captive ?

[@lauraguerrero316]

what about broker's fee from independent agent?

[@pubggroub2110]

Thanks

[@ShineInsurance]

No problem!

[@Butthole4exitonlyUtube]

Most of your monthly premium pays for the check, commison, bounus!

[@1badcrow463]

I always thought they were paid by the corporations that extort money from the average man... My premiums went up 80% despite not being in an accident last year.... go figure....

[@jonquirk9582]

Nope. It's fine to be mad at the company that rakes in billions when your policy goes up. But the staff don't make that much. When i worked for State Farm, they paid me 13 dollars an hour