• Becoming an Auto Insurance Broker

    The insurance broker salary across the United States is a little over $56,000 per year, according to recently published surveys. Indeed, many car insurance brokers supplement their incomes by obtaining licenses to sell life, health or accident insurance. Some brokers take their careers to the next level by becoming certified life underwriters, taking a long series of courses and tests to qualify. And, other brokers become Certified Financial Planners. A good CLU or CFP can easily double their base salary to more than $100,000 per year. Additionally, a good agent can take further exams in other areas of insurance and increase their income further.

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    Depending on the state, you must check with your state’s Department of Insurance to see where they are running insurance broker courses that will qualify you to take a test to sell property and casualty insurance. Indeed, many states require that you first get your bachelor’s degree before you can even apply to take the broker’s course and exam. If you pass the broker’s exam, you are then qualified only to sell property and casualty insurance – as that is the only license you have. If you want to sell other lines, such as life or health, you will have to take exams to qualify for those licenses as well. Your state’s Department of Insurance will have a listing of course and test availability.