Which insurance companies have independent agents?
Here are some of the best insurance carriers that accept independent insurance agents.
- Encompass Insurance.
- Erie Insurance.
- Farmers Insurance.
- Liberty Mutual.
- MetLife Auto& Home.
- National General Insurance.
- Nationwide Insurance.
- Markel Insurance.
What is an independent health insurance agent?
A broker-agent acting as an independent agent is a contractor who represents different insurance companies and who searches the market for the best coverage based on a client’s insurance needs.
How do independent insurance agents work?
An independent agent is an insurance agent that sells insurance policies provided by several different insurance carriers, rather than just a single insurance company. The independent agent acts as a middleman to connect insurance buyers and sellers in order to facilitate a transaction.
Can you sell health insurance from home?
You’re in charge of your future – and you don’t have to be appointed with a big brokerage to start selling (or to be successful). Several things you do need to get started are: A health insurance license in the state(s) where you want to sell.
How do health insurance agents make their money?
Health insurance agents and brokers are paid through commissions. The insurance companies pay either a flat fee or a percentage of the monthly premium (typically between 1% and 5%) to the insurance agent for bringing them the customer and for continuing to service the client in the future.
How do independent insurance agents make money?
Independent agents are paid primarily on commission. The more clients they serve, the more money they make. And as those clients renew each year, independent agents continue to make commissions of those policies. In general, however, independent agents receive larger commissions than captive agents.
Can I sell insurance independently?
On the downside, independent insurance agents are generally not allowed to sell policies offered by the companies which rely on captive agents, which often sell their policies through their own agents exclusively.
How does an independent health insurance agent work?
Unlike captive agents who provide the coverage products of only one insurance company, independent insurance agents are free to shop around and compare health plans. Because they work with multiple insurers, independent agents are skilled at comparing products and helping you find the best rates and options.
Who is the best insurance agent to compare health insurance?
When you are ready to compare health insurance companies, your best bet is to work with an independent insurance agent in our network who specializes in health insurance. Unlike captive agents who provide the coverage products of only one insurance company, independent insurance agents are free to shop around and compare health plans.
Who is the owner of an independent insurance agency?
Terry O’Reilly has worked in the insurance industry since 1982 with experience in property & casualty and life insurance sales, captive and independent retail sales operations, district sales management, and running an independent agency network. Adam oversees commissions and all financial related items for Insurance Pro Agencies.
Which is the best insurance agency to start?
The fact that every market that was needed to get started was part of the group. I highly recommend Insurance Pro Agencies to any agent / agency that is thinking about taking the leap from being a captive to independent agent .” It’s more business, more money, and a better situation.
Why to work with an independent insurance agent?
Although the agents most commonly sell car insurance policies, licensed independent agents can sell any form of insurance, including renters, homeowners, and life insurance. The biggest benefit of working with an independent agent is fairly obvious – you work with one agent to get quotes from multiple insurance companies.
Why is it better to use an independent insurance agent?
One benefit of using an independent agent is that you will get help filing claims. If an accident occurs, you can report the event to your agent, who will then notify your insurer. Your agent can help you fill out claim forms and can advocate on your behalf if problems arise.
What does it mean to be an independent insurance agency?
An independent insurance agent is one who is not an employee of the company. You might be a “captive” agent (working for one company) yet still be an independent agent because you pay your own taxes and benefits. This is different than being an independent broker or running an agency with which you may have contracts with several insurance companies.
Why do I need an independent insurance agent?
An independent agent is truly your advocate with your insurance company. In the unfortunate event you have a claim, he or she is there to help you. Your agent can contact the insurance company for you and keep you up to date on the process. This allows you to get back to your life while your agent handles your claim.