nonstandardbums
New Member
- 4
My story:
Opened in the beginning of 2004 selling only nonstardard auto and mobile home ins. From the getgo business was booming. It was EASY. So busy so fast that by the middle of 2005 i hired on a csr fulltime. Business continued to roll in and my csr quit at the end of 2008. Due to the uncertain times in the financial market at the end of 2008 I decided not to replace her. 2009 was my best year. I had a few months in the spring of 2009 where I wrote over 150 new policies per month BY MYSELF!!! Business plateaued off for a few years after that then really has begun to come down in the last couple years, with this year being a sharp decline. A few observations.....
1. Hurricane Ike ruined my mobile home business
2. Despite the area being very fast growing, my local competition has grown even faster.
3. Online competition is ever increasing and eating away at me.
4. I used to have a variety of different types of customers, now I seem to only do quotes for the no licensed bums.
5. Standard companies that used to run off nonstandard auto customers or not have a competitive product DO have competitive rates now and are writing them.
I just don't see much of a future for nonstandard auto nowadays.
Opened in the beginning of 2004 selling only nonstardard auto and mobile home ins. From the getgo business was booming. It was EASY. So busy so fast that by the middle of 2005 i hired on a csr fulltime. Business continued to roll in and my csr quit at the end of 2008. Due to the uncertain times in the financial market at the end of 2008 I decided not to replace her. 2009 was my best year. I had a few months in the spring of 2009 where I wrote over 150 new policies per month BY MYSELF!!! Business plateaued off for a few years after that then really has begun to come down in the last couple years, with this year being a sharp decline. A few observations.....
1. Hurricane Ike ruined my mobile home business
2. Despite the area being very fast growing, my local competition has grown even faster.
3. Online competition is ever increasing and eating away at me.
4. I used to have a variety of different types of customers, now I seem to only do quotes for the no licensed bums.
5. Standard companies that used to run off nonstandard auto customers or not have a competitive product DO have competitive rates now and are writing them.
I just don't see much of a future for nonstandard auto nowadays.