What's the average commission levels I could expect from selling Car Insurance and Home Owners respectively? -

I'm already a licensed Life and Health Agent. I'm researching opening a PC office. I know PC commission amounts are lower than what I've had experience with but what is the industry average for an Independent Broker? Depends on the contract, but industry average is between 8% - 20% first year commision. Renewals depend on the contract, but are usually in the same ballpark. For calculation purposes, I usually use 15%. For a more indepth article: http://www.insuranceyak.com/how-much-com... If you use your own contracts, it's about 10% for car, and 15% for home. The good news is, commissions are the same for renewals, and competition for the business isn't as heavy. The advantage over life health, is that after a few years, you can rely on your renewals and walkins more and more, and don't have to keep knocking yourself out with sales. It depends on the company state. Our book is 10-17% on auto 15%-25% on homeowners umbrella. Yes, we still have homeowner companies that pay 25% homeowners commission. Most of our companies pay the same commission on new business renewals. Some pay lower for renewals when they have a service center.