Please Scroll Down to See Forums Below wutangnomo
New member
Anyone know anybody who works as a State Farm agent? If so, how does it work? Good company to join?
State Farm
- Thread starter wutangnomo
- Start date
T
thread grader
Guest
I used ot use them. Now I use Geico. better rates, more influential advertising.
I owuldnt want tot work for an insurance company. Sounds boring.
I owuldnt want tot work for an insurance company. Sounds boring.
awittyusername
New member
No, but my friend was one of the top selling for AFLAC last yr
wutangnomo
New member
awittyusername said:
Witty how's life bro?
State Farm is commission based I'll assume? Did your friend do lots of door to door marketing?
covergrl80
New member
I have it and Love it. Low rates, I pay 126.53 a month for two cars (full coverage) and Renters Ins
awittyusername
New member
wutangnomo said:
Good. How are the MILFs?
I think they both are. He concentrates on employee groups
thread grader said:
Ins co's are boring if you do something like claims. Underwriting sucks too. Insurance sales is a dreadful job, even as some people make lots of money. I know brokers who make $10M a year...more even. Actuarial is actually very high paying and if you;re good you can move into asset management (not bullshit assets management, but like hedge fund and private equity stuff, because the modeling that the actuarial section does is the best in the business.)
Also, insurance companies have more money to invest than anyone.
I've made enough money to not work anymore in insurance. I do all kinds of insurance stuff - lit management, underwriting, actuarial, modeling, all that shit.
If you don't know what you want to do, it's probably the best industry to work in.
OK to the original question
State Farm agents do well because they do volume business - they are not looking to sell the $10M umbrelala to the guy with the $5M house - work for an independent agent if you want to do that. That is usually placed with AIG or Chubb. State Farm wants to do lots of small sales to "most of america"..or Canada.
State Farm is a volume sales business, but if you get your numbers up, you will always have work because they have a very loyal base. State Farm offers the lowest rates if you've got a good claims history.
You'll be a captive agent, meaning if State Farm doesn't offer a coverage, you can't place it elsewhere. It can be a good place to move into insurance brokering and other more sophisticated shit, and you'll never starve.
Good luck.
wutangnomo
New member
MattTheSkywalker said:
Thanks Matt!
My knowledge with the insurance industry if virtually nil. I know the basics, but that's just about it. I just happened to bump into an HR rep for State Farm and got to talking with her last week. She mentioned me becoming a State Farm agent (getting trained then eventually opening up my own office). To be honest, I have considered it ever since as it is a completely different industry and I'm seeking some change.
What appeals to me is all the training and courses I'd go through, which will only help me understand more about insurance and "other more sophisticated shit" as you mentioned.
To me that is the appeal and why I'm seriously considering going for it.Matt, can you perhaps explain even more about State Farm and the insurance industry to me please? Did you start off as a field agent?? Remember, I'm a novice when it comes to this, so I'd start from the very bottom.
When I was talking to this HR rep, we just happened to be right next to an ING Direct. She mentioned that ING Direct is their main competitor. Is State Farm a good company to start off in and work for?? What are the pros and cons??
DannoMight
New member
One of my good friends just won a settlement from them because they refused to pay for a surgery he needed after a car accident. He had over 30k in medical bills hanging over his head for 8 years they refused to settle out of court with my buddy who wanted 80k to pay the bills and now his lawyer plus court costs. So he took them to trail and they lost and had to pay him 560k. Ive heard other stories that they are notorious for screwing customers.
wutangnomo said:Thanks Matt!
My knowledge with the insurance industry if virtually nil. I know the basics, but that's just about it. I just happened to bump into an HR rep for State Farm and got to talking with her last week. She mentioned me becoming a State Farm agent (getting trained then eventually opening up my own office). To be honest, I have considered it ever since as it is a completely different industry and I'm seeking some change.
What appeals to me is all the training and courses I'd go through, which will only help me understand more about insurance and "other more sophisticated shit" as you mentioned.
Matt, can you perhaps explain even more about State Farm and the insurance industry to me please? Did you start off as a field agent?? Remember, I'm a novice when it comes to this, so I'd start from the very bottom.
When I was talking to this HR rep, we just happened to be right next to an ING Direct. She mentioned that ING Direct is their main competitor. Is State Farm a good company to start off in and work for?? What are the pros and cons??
I just saw this - give me a day or so and I'll PM you.
Kakdiesel
Banned
I've had state farm auto insurance for almost 11 years and never had a problem. Great rates, quick with paperwork (i've been in 4 accidents), and they have so many locations that regardless of where you live (if you travel or move alot), they have someone locally that is on top of things.
