My opinion of Allstate just went up:
Allstate says thanks but no thanks to TARP funds - Investment News
Allstate says thanks but no thanks to TARP funds - Investment News
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I was a scratch agent with Allstate from 3/2008 until 3/2009 when I closed my agency......If I could start over I would get my license and go and work for an independent agent 30+ miles away from the market I wanted to work. I would get paid to learn the business before starting my own independent agency.
I have to admit, I am curious about why so little talk about AllState in relation to Farmers and State Farm on this forum. Is the opportunity at AllState that much worse than the other two, or are there other reasons involved? After reading superdave's post, I recall my agent with AllState leaving the business after 4 years and no real explanation. I also, I know the one time I asked her about life she mentioned Jackson Financial. Are AllState agents captive when it comes to life?
Allstate is for the "fair haired" boys in town. If you don't have some real money laying around or not willing to put it up, you have to look at other options.
First a little disclaimer, I am not nor do I have any interest in becoming an AllState agent. I was just curious as to why so little interest was show in AllState when compared to State Farm and Farmers.
A rather strange stance when you consider you do not own your book of business. Also, with AllState's reputation concerning claims, it seems that those that might be able to go with AllState would have little interest in them. I understand that it is difficult to start as an independent in P&C, but if you have that kind of liquid reserves, isn't indy a much better option?