Independent Agent Commissions

bigwillie · 11-12-2008, 12:43 PM

I am currently a P&C producer at a captive agency. I am pondering opening an independent agency, and wanted to know what type of commission rates do independent agents get for P&C. Currently with my captive company we get 12% on new and 10% on renewals for auto. Do independents get more, less,or the same?

InsuranceSolutions · 11-13-2008, 01:10 AM

I am in a simular situation, it is tough making a living by splitting the commissions with the captive agency owner. From what I have seen the commissions are typically 3%-5% higher than the captive agency that I work for.

iooba.com · 11-13-2008, 11:49 AM

Quote:

Originally Posted by bigwillie

I am currently a P&C producer at a captive agency. I am pondering opening an independent agency, and wanted to know what type of commission rates do independent agents get for P&C. Currently with my captive company we get 12% on new and 10% on renewals for auto. Do independents get more, less,or the same?

Its different with each company. But it is usually 20% on home and 15% on auto... What states are you guys in?

InsuranceSolutions · 11-14-2008, 12:00 PM

I am in utah, and the captive that I was with before paid 10% on Auto, 20% first year homeowners, 8-10% on commerical.

Since I have made the jump the other carriers I have been appointed with are higher than that on everything but homeowners.