All methods of payment require the car insurance agent to have the same licensing and training.

What does an auto insurance agent get paid. According to the Independent Insurance Agents Brokers of America Inc. LSM Insurance looked at the average first-year commission and bonus that agents at Canadas top five life insurers are paid when they sell new. Commissions are paid out of premiums charged to policyholders by insurers.

On average insurance agents can earn 48 210 per year with some agents bringing in as much as 116940 per year. Written by Karen Condor Insurance and Finance Writer. Life or Health Insurance.

But thats where the similarities end. Bureau of Labor Statistics an insurance agent makes an average of 50600 per year as of 2018. An insurance broker or agent will often earn a.

An insurance agent is a mediator between the individual and the insurance companies. Health insurance on the other hand grants up to 7. There are five different ways that a car insurance agent could get paid and they are.

This may seem obvious but the amount you pay for your insurance directly affects how much insurance agents get paid. IIABA independent agents generally earn the following range of commissions on these policy types. These may include base commissions as well as supplemental commissions or contingent commissions.

Auto insurance agents earn between 15 and 20 percent per auto insurance policy according to The Wall Street Journal. The industry average is about 85000 but this can change based on the region. Stewardship Insurance is here to help.