How long does it take to become a State Farm agent?

Are State Farm agents captive?

State Farm agents are “captive agents,” meaning they can only sell insurance policies from the company they're employed by.

How much do you make if you own a State Farm agency?

Total salary range for State Farm INSURANCE AGENCY OWNER

The estimated total pay range for a INSURANCE AGENCY OWNER at State Farm is $91K–$160K per year, which includes base salary and additional pay. The average INSURANCE AGENCY OWNER base salary at State Farm is $82K per year.

Who is the highest paid employee at State Farm?

The highest-paying job at State Farm is a Vice President Sales with a salary of $407,927 per year (estimate). The lowest-paying job at State Farm is a Teller with a salary of $39,080 per year (estimate).

Is Progressive or State Farm better to work for?

Progressive is most highly rated for Compensation and benefits and State Farm is most highly rated for Work/life balance. Learn more, read reviews and see open jobs.

Does State Farm pay weekly or biweekly?

Pay is great, paid bi-weekly. All of my supervisors have been wonderful. They care about work-life balance. Changes can be implemented very quickly with no warning.

Does it matter who my State Farm agent is?

You can choose any State Farm agent who is licensed and authorized to service the selected product in your state.

How much do car insurance agents make per policy?

This is the most common way car insurance agents make money. For captive agents, the commission rate is from 5% to 10% of the total premiums in the first year and about 2% to 5% for every renewal. The figure is slightly higher for independent agents at 15% for new policies.

Do State Farm agents get paid hourly?

The estimated total pay range for a Agent Team Member at State Farm is $26–$40 per hour, which includes base salary and additional pay. The average Agent Team Member base salary at State Farm is $23 per hour.

Does State Farm pay during training?

State Farm agents get the opportunity to:

Achieve financial stability through product line commissions, incentives and bonuses. Get paid training with State farm benefits during their training period.

What skills do you need to work at State Farm?

Team members who experience the most success in customer service roles have strong relationship-building, empathetic listening, and communication skills. They're able to handle different tasks in a short time while on the phone or computer. Some positions require licensing. Others require bilingual (Spanish) fluency.

How often does State Farm give bonuses?

There is a nice annual performance bonus each March. Each year it's different, but a good size bonus has been offered most years. Statefarm benefits are 10/10 and they treat eveyone equally.

What does a State Farm agent do?

What do insurance agents do? Help explain the ins and outs of insurance. Help you understand your coverage options. Help identify discounts you may qualify for and other ways to save you money on insurance.

What is the highest paying farm job?

Why does State Farm have agents?

State Farm relies on exclusive agents (also known as captive agents) to sell insurance. Only State Farm agents can sell State Farm insurance, and their agents can sell only State Farm products.

How much do State Farm agent interns make?

How much does a State Farm Agent Intern make? As of Jan 18, 2025, the average hourly pay for a State Farm Agent Intern in the United States is $17.87 an hour.

How do insurance agency owners get paid?

Commissions

Insurance agencies, regardless of whether they are captive or independent, get paid through commissions. The amount of commission varies depending on several factors, including: the type of insurance agency (captive or independent) the type of policies offered.

Is it better to be a captive or independent insurance agent?

Becoming an independent agent offers numerous advantages over a captive agent, including the ability to represent multiple carriers, support when needed, being your own boss, and the potential for higher commission rates and earning potential.

How many State Farm agents are there?

Find an agent near you

One of our 19,000 agents is ready to help.

What if I wanted to call a State Farm agent right now?

The tips on this page can help you get started. If you have any questions, you can always speak with your State Farm agent or you can call one of our Customer Care representatives at 1-800-782-8332 1-800-STATE-FARM (800-782-8332). You can even use Good Neighbor Connect™ to meet virtually if you like.