State Farm Agent - Assigned Business or New Business Start-Up Opportunity
Here are 10 reasons why you WILL want to explore becoming a State Farm agent:
- Opportunity to run your own business
- Ability to lead and develop your own team
- Worldwide travel incentives
- National marketing and advertising support
- Wide range of insurance, financial services and banking products
- Paid training program with State Farm benefits
- Hands-on field development experience with an established agent and continued support
- Among the industry's most attractive incentive and rewards programs
- An opportunity that allows you control over your time
- Signing bonuses
State Farm® is an equal opportunity employer.
We look for people who:
- Want to make a difference in people's lives
- Are looking for a calling
- Want a life of significance, not just a job
- Have entrepreneurial spirit and the desire to take control over one's time and financial future
Seeking Candidates with:
- A fearless attitude toward prospecting new customers, networking and building relationships
- Ability to organize, operate and assume the risk of running a business with a focus on marketing and customer service
- Drive for achievement and financial rewards
- Strong ethics
- Proven success driving business results (not limited to insurance or financial services)
- Strong track record of professional success, ideally in external sales, business ownership management roles
- A strong presence in the local community
- Financial stability
Agent Costs & Compensation
It's all here. The right combination of company support and ways to earn compensation and qualify for travel incentives.
What does it cost?
The amount of capital needed can vary greatly by market. Imagine all the variables between establishing your business in a major city versus a small community or between moving into existing office space or establishing a brand new office.
As an independent contractor agent, you are responsible for all business expenses but State Farm provides significant support to help with those expenses:
- Once you've been selected, you begin a paid internship with State Farm® employee benefits.
- If appointed as a Term Independent Contractor Agent, you receive a generous signing bonus; then an additional bonus at the beginning of your second year as an agent.
- State Farm also provides competitive-rate loans to assist with start-up costs, as well as computers, phones and related tools, at little or reduced cost.
- Relocation benefits may also apply.
During the Selection Process, your State Farm recruiting contact will help guide you on specific cost considerations for the market area or areas you are interested in. Your current financial situation will be an important part of those discussions.
How does compensation work?
Compensation and benefits are among the reasons why people choose to become a State Farm agent.
There are lots of ways State Farm agents earn compensation and qualify for travel and other incentives. Different products have different compensation structures, which your State Farm recruiting contact can outline for you in detail.
Your hard work, skills and achievement may be rewarded through:
- Auto and Fire insurance commissions, plus opportunities to earn variable and incentive compensation
- Financial services commissions, plus the opportunity to earn other incentive compensation
- A Life insurance business development allowance (applicable for first-year paid Life)
- Trips in the United States, Canada, and worldwide
- Company and industry recognition programs