State Farm Insurance Agency Owners earn $250,000 annually, or $120 per hour, which is 114% higher than the national average for all Agency Owners at $68,000 annually and 116% higher than the national salary average for all working Americans.
How much money can you make owning an insurance agency?
The average insurance agency owner salary in the USA is $70,000 per year or $35.90 per hour.
How much do State Farm agents make per policy?
As an insurance agent, you can get a commission cut of 40% to 90% on the full premium of your sales in the first year. From the second through to the fourth year, your follow-up commission on those same sales will be between 2% to 5%.Apr 19, 2021
How much do you make owning a Farmers Insurance agency?
Average Farmers Insurance Group Agency Owner yearly pay in the United States is approximately $143,352, which is 35% above the national average.
How much do insurance franchise owners make?
While ZipRecruiter is seeing annual salaries as high as $198,000 and as low as $11,000, the majority of Insurance Franchise Owner salaries currently range between $41,500 (25th percentile) to $110,500 (75th percentile) with top earners (90th percentile) making $150,000 annually across the United States.
How much money does a State Farm agent make?
How much does a Licensed Agent make at State Farm Mutual Automobile Insurance Company in the United States? Average State Farm Mutual Automobile Insurance Company Licensed Agent yearly pay in the United States is approximately $31,885, which is 49% below the national average.