Can you make money selling insurance from home?
Asked by: Hortense Schowalter | Last update: July 15, 2025Score: 4.7/5 (16 votes)
Is selling home insurance profitable?
As noted above, net profit margins for property and casualty insurance are known to be thin, with some estimates placing it at only 5 percent (Damodaran, 2024). Consequently, faced with unsustainable losses, the number of insurers in the state understandably declined.
What type of insurance sales makes the most money?
While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.
Can you sell insurance from your home?
You don't have to spend your time traveling and chasing leads to build an insurance business. Liveops Independent Insurance Agents sell insurance from home. We connect you with some of the largest and most respected insurance companies in the nation, so you can feel proud to offer products customers can rely on.
How to make money selling insurance from home?
As a life insurance agent or broker, the most common way for you to earn an income is through commissions. Generally, you can receive front-loaded commissions of 40% to up to 115% of the policy's first-year premiums. The rates for renewals, however, fall steeply to about 1% or 2%.
How I Make 10k Per Week Selling Life Insurance From Home At Age 23
How to become an insurance agent from home?
How to Become an Online Insurance Agent. The minimum qualifications to become an online insurance agent include a high school diploma and strong interpersonal communication skills. You also need a state license to sell insurance, which entails completing coursework and taking exams.
What is the hardest insurance to sell?
Life insurance is the most profitable—and the hardest—type of insurance to sell.
How stressful is insurance sales?
High-stress levels
The insurance industry can be a demanding and highly competitive field. Insurance agents often face pressure to achieve their goals while simultaneously providing exceptional customer service, meeting sales quotas, and staying abreast of industry regulations.
How many policies does an insurance agent sell per month?
How many policies does an insurance agent sell? According to the financial reports, the Official Number is 2.5 policies per month. However, many people just do it part-time.
Why is selling insurance so hard?
Selling insurance can be stressful. It requires long work hours. You can also experience constant pressure to meet different quotas and targets. The highly competitive nature of the profession can create a work environment that often leads to stress and burnout.
Is selling insurance a side hustle?
Selling insurance as a side hustle offers a flexible and potentially lucrative opportunity to earn extra income. Whether you're a stay-at-home parent, a college student, or a full-time employee looking to boost your earnings, becoming an insurance agent can provide a rewarding way to achieve your financial goals.
What is the biggest threat to the insurance industry?
Cybersecurity threats
75% of US companies are vulnerable to cyberattacks – and, given they hold sensitive client data, insurance firms are some of the most lucrative targets. This doesn't just pose a threat to the data itself; a breach can erode client trust and create long-term reputation damage.
Can selling insurance make you a millionaire?
It isn't the most glamorous profession, and it often gets associated with pushy salespeople that force their products down your throat. But here is the reality: there is a lot of money in the money business! The financial services industry has created more millionaires than any other industry.
How much commission do homeowner insurance agents make?
For auto and home policies, captive insurance agents earn about 5% to 10% of the entire premiums paid for the first year, while independent agents receive about 15%. Commission rates for renewals range between 2% and 15%, averaging around 2% to 5%, regardless of the type of agent.
Why did I quit being an insurance agent?
There's two big reasons why insurance agents quit: they don't feel valued, and they aren't given the technology they need to do their jobs well. In addition, managing commissions while hitting performance goals is a stressful part of the job for many insurance agents.
Why do people who sell insurance make so much money?
In essence, insurance brokers provide invaluable expertise to clients, ensuring they have the coverage they need. Their compensation, through commissions and fees, reflects the vital services they offer within the industry.
What is the hardest part of being an insurance agent?
What is the hardest part of being an insurance agent? The hardest part of being an insurance agent often revolves around the constant need for lead generation and sales. Many agents struggle with the cold calling aspect, where rejection is frequent, and maintaining a steady stream of new clients can be challenging.
How fast can I make money selling insurance?
In the first year, a life insurance agent can earn anywhere from 30% to 90% of this premium, along with 5% to 10% of premiums paid in later years.
What kind of insurance is the most profitable?
Understanding Profitability in Insurance Sales
While various types of insurance are available, life insurance stands out for its profitability and long-term benefits.
Which insurance license is hardest to get?
Each insurance licensing exam presents its own challenge. Between Life and Health, students say that the Health insurance exam is the more difficult. Health insurance policies are simply more complicated than life insurance policies. The Property insurance exam is easier than the Casualty insurance exam.
Can I be an insurance agent as a side hustle?
You may find that the insurance industry can be a very profitable way to work for yourself, have a flexible schedule, and help the people you work with! A part-time insurance business is a great way to dip your toes in the water and find out if it's right for you.
How much money do you need to start a home insurance company?
Depending on the size and structure of the business, industry experts estimate startup capital of between $50,000 and $500,000, possibly even more.
Can I do insurance from home?
Starting your own insurance agency from home can be a daunting task. Making sure you have an excellent internet connection, the right tech tools, and a home office are a good start. You must still contract with insurance companies and meet clients – thankfully, these can also be done online and from your home office.