milleniumgirl wrote:Hello to all... I am new to this forum, but not new to the insurance industry. I am currently a Farmers Insurance agent (5 years) and am frustrated and angry with the company. My frustrations? You name it... the lack of ethics within the corporate management to idiot DMs to the increasing micro management to the incompetence of policy services to the archaic billing system to the POS dashboard. To top it all off, we had a huge rate increase this year which is reeking havoc to my book of business. Anyway, I am considering either buying an independent agency or starting one. My Farmers contract value isn't more than 40k, so buying one is probably a pipedream. I would like some feedback from others who have been Farmers agents and are now independents. For example, how do I get to be an independent? Just get appointment with a few companies and open my doors? How hard is it to get appointed with companies like Allied, Safeco, Travellers, Progressive, etc.? Are you happier as an independent? Is it easier to write business? Any feedback would be helpful and appreciated.
JAM wrote:As an Ex Farmers agent I can tell you that you are wrong. There are several reasons that there are more Farmers agents going IA vs SF and Allstate:
1) They are less discriminate in taking new agents. SF an Allstate are much more challenging to get into.
2 ) At Farmers you don't own the book and cant sell it.
Their Model is nothing like an IA, You are encouraged to under insure and sell high deductibles and sell their sub par, overpriced financial and life products.
All of this pushed the Farmers Agents to walk away from their agency to start from scratch.
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