An insurance agent gets along with his clients

How to Become an Independent Insurance Agent

Independent insurance agents enjoy a rewarding career. They make their own hours, are well-respected, and have an unlimited income potential. Becoming a successful agent can be challenging for some people, however. If you have the determination to work hard every day, then you can achieve your dream of one day becoming an independent agent. The following steps will help guide you in the right direction.

The Difference Between an Independent Agent and a Regular Agent

An independent insurance agent offers a vast array of choices from various insurance companies for their clients. They have the advantage of utilizing a system that can generate multiple quotes, which are then used in the decision-making process.

A regular insurance agent is only able to offer quotes from one company, limiting their abilities to get the price for their clients. They often have a harder time selling because clients have so few choices.

Steps to Becoming an Independent Insurance Agent

Obtain Your College Degree

While a degree is not a requirement to be an independent agent, it will definitely help you be a better business person. Get your degree in fields such as business, math, accounting, or economics. Your degree will help you market your business better, keep accurate records, and obtain more clients.

Research Your State's Requirements

Once you've obtained your degree, research your state's requirements regarding obtaining a license. Typically, you must live within the state you wish to practice in and be at least 18 years of age.

Complete the Course

People who want to become independent insurance agents must complete a state-licensed insurance course. Your local community college will likely offer these types of courses and they normally aren't too expensive. The best way to find classes in your area is to contact your state's Department of Insurance.

Buy a Franchise or Start Your Own Business

After you've completed the classes and passed the necessary tests, you can start selling insurance to people in your community. Purchasing a franchise can cost thousands of dollars, so decide whether or not you want to purchase a franchise or start your own business. Starting your own business means you can work from home, your local coffee shop, or any other place you choose.

Last Updated: May 04, 2015