Independent Insurance Agent Commission Rates: Major Advantages

For independent insurance, agents are generally trying to expand and grow their book of business. They venture into a new market and try to capitalize on that market. Trying new things has definitely worked in their favor. Be it in marketing, sales, staffing, and more. There are different methods to buy different insurance like auto, property, and health insurance. Agents have both options, captive as well as going independent. There are both pros and cons when it comes to buying insurance through captive or independent through an agent directory. Independent insurance agent commission rates are trying to expand and grow their book of business. Know some hacks as to how they expand!

Advantages of Independent Insurance Agent Commission Rates

Many times, an independent agent will file your claim on your behalf. Personalized customer service is a major function of independent agents. Moreover, an agent can give you advice before filing a claim so that you get a better perspective. Nevertheless, since they represent several companies, the independent agent must be knowledgeable of several different carrier products.

Fast quotes from multiple insurance carriers are one of the major reasons why you should go with independent agents. You will have a fair idea of what’s going on in the market. If you are looking for insurance, independent agents are a great place. Moreover, they check several different companies’ rates all at once and get back to you with the best offer. The time-saving factor is massive as you only have to give your information one time.

A good independent insurance agent can be proactive when it comes to your insurance rate. For example, if an agent knows one of their companies’ expenses is elevating, they can initiate looking for a better deal before the increase takes place. Therefore, independent insurance brokerage is crucial.

independent insurance agent commission rates
independent insurance

Independent Insurance Agent Commission Rates-Find the Niche  

The independent insurance industry has been changing and growing. With this growth, you can find insurance for almost anything. The rising need and demand from diverse customers have created different niches. Explore and find those business opportunities. 

Before you target a niche market, create a plan. This plays an important role because you will spend most of your time researching, understanding, and working for this niche.  

The entire procedure takes time and a well-thought-out plan. Find where your passion lies and research further in that.   

Make Use of Technology 

Many technological breakthroughs can be vital for your independent insurance brokerage firm. Moreover, leverage technology in your selling process. Emerging technologies provide opportunities to reinvent insurance brokerages and also transform their business operations. Technologically driven companies like Renegade Insurance plays a major role in Insurance industry helping independent Insurance Agents to learn and earn more in their own convenient schedule. 

Setting SMART Goals  

Lastly, start by setting your goal. Using the SMART from Mindtools i.e., Specific, Measurable, Attainable, Relevant, and Time-based, the way has been the best strategy. Having goals will keep you motivated.  

Make sure it needs to be clear and with a strong vision. Moreover, a sense of direction will help you navigate your way through the process. As an independent local insurance agent, you need to be able to provide unique products to your customers. Therefore, independent insurance in North Carolina helps you set goals. Lastly, it helps you guide the agency’s focus, trigger new behavior and prioritize tasks.  

Knowing the pros and cons of being an how to be an independent insurance agent is a must as well if you want to expand your service to the state or apply the same strategy in North Carolina. Moreover, as an insurance brokerage, you must also know about the insurance cluster and insurance aggregator to help you know how to sell insurance in the most effective ways.

independent insurance

Cindy Perez


Miami Lakes, FL, 33016

Business Hours

Monday: 9 AM–6 PM

Tuesday: 9 AM–6 PM

Wednesday: 9 AM–6 PM

Thursday: 9 AM–6 PM

Friday: 9 AM–6 PM