How much do you pay your insurance agent?
I love to ask this question! I love the puzzled look on people’s faces when they try to answer. Honestly, can you answer this question?
I have never understood why insurance commissions are such a secret. You know what you pay your attorney, accountant and even your mechanic. Don’t you deserve to know how much you are paying the person that protects your most valuable assets?
So here it is! I am going to let you in on the big secret. Here are the average commissions that an agent makes on the policies they are selling you:
• Personal Auto – 15%
• Homeowners – 15%
• Personal Umbrella – 15%
• Motorcycles/RV’s/ATV’s – 12%
For example, if you pay $1,000 for your homeowner’s insurance and $1,000 for your personal auto insurance, your agent will get 15% of the premium or $300.
So why is it important that you know how much your agent makes? It’s simple, you need to know so you can decide if your agent is providing value to you that is equal to what you are paying them. Not getting the value you deserve? Call or text us today! We will show you exactly how much commission we receive. We are excited for the opportunity to earn your business!