Insurance Agency Franchises

Looking for a business opportunity that lets you be your own boss, while capitalizing on your background in finance or sales? An insurance franchise is a great way to explore your dreams of owning your own business, with the guidance and backing of a knowledgeable franchisor. There are several avenues you can explore if you are considering an insurance franchise, the key is doing your research to find which area of insurance best suits you and your lifestyle.

View Insurance Franchises

Did You Know?

In 2015, there were about 1.07 million insurance agents, brokers and service employees in the U.S.

SOURCE: US Department of Labor; Bureau of Labor Statistics; American Council of Life Insurers

The annual revenue of insurance brokers and agencies in the U.S. was about $135 billion in 2014.

SOURCE: Statista; IBISWorld

The job growth outlook for insurance agents from 2016 - 2026 is 10%, faster than average in the U.S.

SOURCE: Bureau of Labor Statistics

In 2016, the median pay for an insurance agent was $49,990 per year.

SOURCE: Bureau of Labor Statistics

SOURCE:
US Department of Labor; Bureau of Labor Statistics; American Council of Life Insurers

SOURCE:
Statista; IBISWorld

SOURCE:
Bureau of Labor Statistics

SOURCE:
Bureau of Labor Statistics

Types of Insurance Company Franchises

There are multiple opportunities within the insurance industry. For instance, you may choose to offer standard lines of insurance (also known as an admitted carrier), which requires a license for the state you are in to operate and sell specific lines of insurance. Another option is an excess line insurance company. Sometimes called a surplus lines company, this type of insurance is focused on high-risk groups. Insurance that is geared to a specific industry or group of individuals is known as captive insurance and is another area to consider.

Why Consider an Insurance Agency?

Opening your own insurance franchise can be a worthwhile business venture even for someone without a background in insurance. The franchisor is there to help with marketing and background guidance, as well as carrier selection, while you focus on interacting with and selling to your clients. An insurance franchise provides a solid and established business with great growth potential for a motivated salesperson. How big you grow is up to you and the effort you want to put into increasing your franchise.

First Time Considering a Franchise?

We recommend that you check out our Franchising F.A.Q. before getting started!

Insurance Opportunities:

Rytech is a niche business in the recession resistant insurance restoration water mitigation claims industry. The concept is built around the highest cash flows and lowest labor costs for residential and commercial water...

100k Minimum Cash Required

Global Insurance is an independent insurance agency focused on providing the best customer service to our clients, we take pride in going the extra mile for them. We understand their insurance needs.

50k Minimum Cash Required

Want to be your own boss, run your own business and have unlimited earnings potential? Allstate is looking for agency owners with a passion for helping people live a good life and building a good life for themselves. As an...

100k Minimum Cash Required

Allstate Insurance Company is a proven leader in the competitive field of insurance and financial services. Since 1931, we've built a legacy of innovation, service and success. We're ready to strengthen our position by...

100k Minimum Cash Required

Allstate's Southwest Region is looking for motivated and success-driven individuals in Arizona to join the lucrative insurance industry! As an Allstate Exclusive Agent, you will have the opportunity to operate your own...

50k Minimum Cash Required
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