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.

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 Currently Available:

Do you want to run your own business and earn big commissions in the lucrative insurance industry? Then contact Allstate today and ask about becoming an Exclusive Agent for Allstate in the New York area! As one of the most...

50K Min. Cash Required

Allstate is looking for motivated individuals who want to profit from the lucrative insurance industry in the Midwest! When you become an Allstate Exclusive Agent you will have the opportunity to operate your own business...

50K Min. Cash Required

Always In Demand - While some businesses are at the mercy of the ups and downs of the market, our industry provides something that people always need. So even if the economy falters, there will always be demand for the...

100K Min. 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 Min. Cash Required

Allstate is looking for motivated and success-driven individuals to join the lucrative insurance industry! As an Allstate Exclusive Agent in the Mid-Atlantic area, you will have the opportunity to operate your own business...

50K Min. Cash Required

Enter into the recession proof insurance industry today with Pronto! Our low initial investment, strong marketing presence and unbeatable support are just a few of the reasons why we're recognized by World Franchising...

50K Min. Cash Required

For the driven individual there are few career choices that compare to running your own business and being your own boss. So the question of why a career in property & casualty, life and health insurance sales is less about...

50K Min. Cash Required

While some income tax preparation franchises have almost sold out all of their prime market territories, SafeGuard Tax Service franchise has NATIONWIDE territory available in all of the major markets to accommodate this...

Brightway Insurance invented the “you sell, we service” independent agency franchise model over a decade ago. While it revolutionized the industry then, we recognized that service after the sale is just one independent...

100K Min. Cash Required

As a SERVPRO Franchisee, you can become a hero to the customer by helping commercial clients and homeowners regain control and peace of mind when fire or water damage strip them away. With knowledgeable technicians,...

80K Min. Cash Required
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