Allstate Insurance Company - Northeast
Become an Allstate Agent
Driven? Capitalistic? Empathetic?
Good. You're in the right place.
Make sure your career is in Good Hands®. Work with Allstate.
The nation's largest publicly held personal lines insurer.
One of the most recognized brands in America since 1931.
A Fortune® 100 company with over $99 billion in total assets.
Run Your Business
Allstate Agents enjoy a true economic interest in the book of business they write —
a rare advantage in the insurance industry. That means you get a business to pass on...or all the economic benefits when you sell*. To ensure your success, you'll also be able to leverage:
- The Allstate Customer Information Center that provides after-hours support for your agency.
- Ongoing support from Allstate field professionals.
- Our full line of property, casualty and financial services products.
- One of the largest teams of centralized claims professionals in the country with 24/7 support.
- Marketing materials designed to help you generate revenue for your agency.
- A customizable company website to help drive clients to you
Your Choice
With Allstate, you have a choice. You can start a new agency or purchase an existing one. Either way, there are no royalty or franchise fees.
Education
Allstate Agents go to market prepared. Not only does our education program provide a comprehensive foundation — it's free both to agents and their entire staff.
Allstate's 5-8 weeks of education includes products, technology, and sales techniques courses with professional educators at the regional office and home office with some courses offered online.
Ideal Candidate
We're looking for franchise/ business owners who are outgoing and have sales, marketing, and/or management experience, and who are results oriented. A person who can build relationships, lead a team, and who has the motivation to excel! You must have a minimum of $50k in liquid capital, and be ready to make a full-time commitment.
Allstate Insurance Company - Northeast is currently accepting inquiries from the following states: Connecticut, Maine, New Hampshire, Pennsylvania, Rhode Island, Vermont.
Interested parties should have at least $50,000 in liquid capital to invest.
Franchise Q&A with James West of Allstate
How was your franchise/opportunity originally conceived and started?
The year 2000 was the start of our business opportunity. Prior to that year, our agents were employees of Allstate.
What was your original vision for your company?
To reinvent protection and retirement for the consumer.
What do you believe is the single most important factor when choosing a franchise?
The brand that you will be representing.
Why should someone choose your franchise over other similar franchises? You own the economic interest.
You can own multiple locations. You can legacy your agency as well.
What makes your industry attractive?
It is a demand product and everyone needs insurance
Why has your franchise model been successful?
Our agents are leveraging the brand of Allstate. A well recognized brand for over 75+years, not to mention the products that we offer to consumers.
Where do you see your franchise in 5 years and 10 years?
As long as people need insurance, we will have agents providing that service for them.
What is your favorite advice for new franchisees to help them succeed?
Use and take advantage of everything that we offer to our agents, so that they can become successful.
What would you tell potential franchisees that may be nervous about the financial burdens of starting a franchise?
There are many options available. e.g. SBA, 401k
Can you explain your financial assistance?
Allstate financial offers financing options to our new agents.
On average, how long does it take to start a new franchise from the franchisees point of view?
Our cycle is 6- 7 months. From the day you make the call, to the day you open your doors.
Industry Q&A with James West of Allstate
Provide an overview/ description of your industry.
Include reasons why it's a great industry to start a business in today. It is a demand product; most states require you to have insurance on your home and car. It's recession resistant.
How has your industry changed in the last 10 years? 20 years?
The internet has made it easy to find an agent and get insurance. There are more insurance companies now than ever before.
What trends do you see in your industry over the next 5 years? Next 10 years?
Insurance may become mandatory in every state. Mandatory on every vehicle, mandatory on every home etc. I believe there will be more mergers and acquisitions with insurance carriers.
What is the biggest concern about your industry that a franchisee candidate should be aware of and investigate?
If states decide to regulate the insurance industry and limit the amount of premiums on consumers.
Why do you think your company stands out in the industry?
Our Brand
What makes your franchise/ business opportunity more attractive than your competitor?
You own the economic interest. You can own multiple locations. You can legacy your agency as well.
What's the strongest skill you require in a candidate?
Able to manage staff/ employees
Describe the working environment of your franchisees (indoors, home office, mobile, etc). Is your environment typical of other companies in your industry?
Branded Retail office space
Why has you're your company been successful?
Brand recognition, the support we give our agents and the compensation is best in class.
What advice would you give someone interested in buying a franchise in your industry?
Do your homework
How much experience in this industry should a franchisee candidate have should they consider buying a franchise in your industry?
You don't need any insurance experience
Give us an example of your ideal candidate
We're looking for franchise owners who are outgoing and personable. Have sales, marketing, and/or management experience, and who are results oriented. A person who can lead and manage team and who has the motivation to excel. You must have a minimum of $50k in liquid capital, and be ready to make a full-time commitment.
Allstate Insurance Company - Northeast Request Form
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- Liquid Capital Required: $50,000
- Business Type: Opportunity
- Year Founded: 1932
- Home Office Location: Illinois
- Financing Assistance: Available, via third party
- Training and Support: Available
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