- 11,996
Truth About Farmers Ins.
- Thread starter iprotect
- Start date
- Thread starter
- #22
From the minute we signed up it was a bad experience. I asked him for a home quote and he never got back to me. I bought a new car and they never sent POI to the lien holder. His over-all personality is just a huge put off. I wouldn't say that he "sucks" I would just say he's not a very good agent. Maybe "sucks" is too harsh.
- 15,041
So why didn't you just switch to another Allstate agent?
Certainly the agent matters, but it would be foolish to think you could build an agency with a carrier that is uncompetitive in the area because the agent is "nice".
Nice is only going to get you so far, when you premium is 20%, 30% or even more above other carriers, you are going to lose people no matter how much they like you.
wrong.....people used to pay more for a name, now, they dont. Only once in my 5 years as an IA have i had a prospect say to me, I never heard of that company, who else do you have?
its all about the money with 90% of people
- 694
of course people that dont hit a quota will be writing online reviews. 90% of people that write reviews for anything are pissed - u have a good experience you tell 1 person you have a bad one buying something the whole frikn world needs to know. Frustration happens at two points with Farmers agents - IMO
At first IF they are struggling to sell
After they are established and realize the limitations of their Direct Writer.
You will see most of the first kind on reviews online.
positive note - training is good for a beginner but you will not see reviews online about how much they learned its all about that $$$$$
At first IF they are struggling to sell
After they are established and realize the limitations of their Direct Writer.
You will see most of the first kind on reviews online.
positive note - training is good for a beginner but you will not see reviews online about how much they learned its all about that $$$$$
- 1,487
iProtect,
Well, let me say this, and many of the others have said the same thing. As an indy you have more control over expense ratio, you sell the best product, coverages, and price for the client. (Which you always have.)
Imagine this scenario: You are selling in CO and hail keeps hitting the state. Farmers decides to go to a 2% wind Hail ded and you are forced t sell this and try to keep your renewal book from leaving you. Your 1,500 policies are laterally walking out the door, and there is no sale in the world to keep them. The Indy companies like Hart, Safeco, Allied, Met, Travelers all take rate but stay away from a 2% ded. At this point the Farmers product is inferior given the fact that a 500k home via F has a 10k ded and the Safeco policy has a $1,000 ded. Now imagine selling the two at the same price point. Who is going to win that battle?
Who will win when the household WP is $3,000 at F and $2,500 at Metlife? Met has a great policy that will go toe to toe on coverage's. Most do.
Who will win that policy when F and Met both take an increase and the two policies are priced evenly? Trick question: They both lose and Safeco swoops in to take the policy. But the Indy agent keeps the policy in house.
Indy carriers often have more robust products, commissions, better prices.
So let's say you eat and breathe Glenngary Glen Ross. You are a closer and Coffee is for closers. Cool, but think about the money Farmers and Geico and Progressive and all the others spend on advertising to convince your future clients ins is just a commodity. (It is not true, but BILLIONS are spent every year teaching us it is. In fact it is so significant that agents buy into that too.)
Food for thought.
Well, let me say this, and many of the others have said the same thing. As an indy you have more control over expense ratio, you sell the best product, coverages, and price for the client. (Which you always have.)
Imagine this scenario: You are selling in CO and hail keeps hitting the state. Farmers decides to go to a 2% wind Hail ded and you are forced t sell this and try to keep your renewal book from leaving you. Your 1,500 policies are laterally walking out the door, and there is no sale in the world to keep them. The Indy companies like Hart, Safeco, Allied, Met, Travelers all take rate but stay away from a 2% ded. At this point the Farmers product is inferior given the fact that a 500k home via F has a 10k ded and the Safeco policy has a $1,000 ded. Now imagine selling the two at the same price point. Who is going to win that battle?
Who will win when the household WP is $3,000 at F and $2,500 at Metlife? Met has a great policy that will go toe to toe on coverage's. Most do.
Who will win that policy when F and Met both take an increase and the two policies are priced evenly? Trick question: They both lose and Safeco swoops in to take the policy. But the Indy agent keeps the policy in house.
Indy carriers often have more robust products, commissions, better prices.
So let's say you eat and breathe Glenngary Glen Ross. You are a closer and Coffee is for closers. Cool, but think about the money Farmers and Geico and Progressive and all the others spend on advertising to convince your future clients ins is just a commodity. (It is not true, but BILLIONS are spent every year teaching us it is. In fact it is so significant that agents buy into that too.)
Food for thought.
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Jeffreydhowerton
New Member
- 18
- 15,319
shawniezuu
New Member
- 1
This is Shawn M. Walker,
This is to Jeffery....
I left my computer at work. But wanted to respond to the comment after mine just a few above.
I in no way was accusing Farmers agents or any other captive of being lousy sellers. I think captives are great sellers.
My first line in my post was summing up what I thought was the theme of the thread, but in no way what I think about Captive agents and their ability to sell. I have a lot of respct for captives and their sales ability.
Sorry if there was a miscommunication. I could see how that got misinterpreted.
Regards,
Shawn M. Walker
This is to Jeffery....
I left my computer at work. But wanted to respond to the comment after mine just a few above.
I in no way was accusing Farmers agents or any other captive of being lousy sellers. I think captives are great sellers.
My first line in my post was summing up what I thought was the theme of the thread, but in no way what I think about Captive agents and their ability to sell. I have a lot of respct for captives and their sales ability.
Sorry if there was a miscommunication. I could see how that got misinterpreted.
Regards,
Shawn M. Walker
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So you left a company where you sold their products based on VALUE, becasue they provided more VALUE than the competitor's IAs were selling. So now, in order to make more money, you are an IA selling your clients policies that have less VALUE than what you could be selling them if you stayed at Farmers?
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