Auto insurance agents are paid based on the number of policies they sell. Auto insurance is considered to be a competitive business in today's economy. There are a large number of different agents who represent different insurance companies. It is important for drivers to understand the way that these auto insurance agents are compensated.
Auto insurance agents generally make up to $100,000 a year. Auto insurance agents who make more money per year tend to make more than less educated auto insurance agents. In fact, unfortunately, in many states, what auto insurance agents are paid is actually a closely guarded secret. Auto insurance agent compensation also varies widely. Some insurance companies pay top dollar while others pay next to nothing. The reason why auto insurance agents are paid is that insurance companies need insurance companies to be able to continue providing them with new insurance customers.
A driver who knows how to find an auto insurance agent that are willing to work with him on a new insurance policy can save a lot of money. By finding agents who are willing to work on a policy that is more than the basic liability coverage, the driver can save a considerable amount of money. Not every state allows for insurance agents to get a discount on their policy. However, there are some states where they can receive a discount up to fifty percent. By finding an agent who is willing to work on a policy that is more comprehensive, a driver can save a lot of money over the course of the entire year.