Auto
Medical
Home
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Life
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Generally speaking -
Auto – 10 to 15%
Medical – 10% reduced to 2% after 3 to five years
Home – 15%
Travel – 10%
Life – 20 to 90% of first year premium depending upon the type of product you sell. Also reduced to 2% after a specified number of years.
These are what the independent agency might be paid but if you are employed as an agent for an independent agency you are probably looking at half of the commissions shown above.
If you are employed by a direct writer (i.e. State Farm) the rates will be lower than shown above.
in non-life insurance it starts from 10 % to 15% varies from product to product .
for life it varies from 2.5% to 40% vary from insurance co. to co. and product u are offered
My experience (In Canada a few years ago) was that commisions, to a certain extent, were negotionable. I received a 40% commission on the AYP (annualized yearly premium). I also received 110% of that amount as an “override”. A pro-rated portion of this payment would have to be paid back if my client cancelled their policy (or died) within 3 years of the policies inception. At the time, I was licenced to sell: Life, Health, Occupation insurance. I cannot comment on any of the other insurance products.
On life , it varies from 10 to 40%
I tend to agree with Tom Z, however, there are some incentives for production. I have some auto insurance carriers that pay as high as 18% and some home insurance carriers that pay 20%.
I really depends on what kind of deal you can work out with your companies.
A lot of companies also pay a contingency commission based on production and loss ratio – which could pay you another 2-4% at the end of their reporting year (as one company I have runs from July to June to figure annual production.)
GOod luck and I hope this helps!