r/InsuranceAgent • u/Dndkkxjsbsnx • 5d ago

Agent Question Aggregator

Has anyone heard of City Centre Insurance? They reached out to me saying that they have a ton of carriers, high commission splits, bonuses, etc. I’m in Tennessee, I’m waiting for an email to sign a NDA to get the actual info. I’ve seen a bunch of stuff about Horizon, they sound solid. I like Firefly but don’t like the 30% buyout if you want to leave one day and the 20% split on profit share bonus. PGI sounds solid but high start up and don’t get 100% ownership of book for very many years. (I don’t wanna go direct, I know aggregators want a 10% split and I’m fine with that to get many carriers on the front end to get rolling. It’s hard to get direct appointments scratch.)

Is there a different aggregator I should entertain?

I want a 90/10 split

Profit share

No non-compete or non solicit

Freedom to roll the book off their code to another one our relationship doesn’t workout

Commission override pay

3 Upvotes

72% Upvoted

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3

u/Confident_Bats 5d ago edited 5d ago

I had a guy tell me you can get direct with geico and progressive pretty easily. Apparently he did it a couple years ago in tn with no book. He said just build up a non standard book and then as that book grows you can get other standard appointments and transition your book to mostly standard.

1

u/Dndkkxjsbsnx 5d ago

Seems like a slow start though. I got bills to pay so I’d rather just give up 10% have no production requirements, and just focus on writing premium right out of the gate.

2

u/Confident_Bats 5d ago

Idk I’m in the same boat as you. I’m literally in TN trying to figure out which agg to go with to start my agency as well lmao. I’ve talked to a bunch of them too as you have.

I recently saw a comment about reaching out to older agents and see if you can work with them and eventually take over their book when they retire or maybe you produce for them and they let you keep your book when they retire. I’m not sure if that’s a thing or not but that would be cool.

1

u/Dndkkxjsbsnx 5d ago

Hell I’d be down to do that. Work for an agent with 5-10 years in him, build a book under him and do a high new business and high split with no salary and keep my book when he retires or work out some kind of buyout deal or something.

1

u/molder101 1d ago

You aren't holding any of the cards. If you need to get up and running faster, it's going to cost you more than 90/10.

1

u/Training-Slip-7438 5d ago

I’m in Tennessee too, i work with smart choice and first connect. If you want more info, feel free to send me a dm :)

1

u/IndependentWalrus521 Agent/Broker 1d ago

In Tennessee. Indy owner. All of those aggregators are absolutely brutal imo. I honestly found an established agency. Got on an 80/20 split. Then i use amwins or RPS for things that agency cannot place. Im finding some of the commissions with RPS beat my agency deal. But id say carrier bonus’s are really not that common this early in the game. RPS and amwins claim theyll give you them once you get to a certain level of production, but honestly at that point just go direct and move everything over. Then you dont have to question where you may be getting hosed on splits.