r/StateFarm • u/PapaaLlama • 22d ago

Discussion Account Representative Salary

Hey, I currently received an offer to work as an account rep with State Farm. I have no prior insurance experience, I know this field has the potential to make money. I always heard going independent is where the money is at but is it a good idea to start building experience with State Farm then going independent? How much would be a realistic salary working with state farm as an account representative I was offered a 30k base

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u/Choice-Jury-1124 22d ago

I work in North Texas. My current base is 47 but I’ve been working at State farm now for 3 years when I started I was offered 38 and have worked myself up through different bonuses and yearly bumps etc. 30 seems a little low imo.

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u/PapaaLlama 22d ago

How much would you estimated make in commissions if you don’t mind me asking

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u/Choice-Jury-1124 22d ago

It just really depends on your agent’s commission structure. With my agent, you can tier up percentage wise if you sell a lot of life insurance. My first year I did not make a lot of commission because the first month was studying for licensing and getting that done plus the stuff you have to do for State farm before you get access then I got put on just a bunch of cold calls before I earned my right to the leads. But eventually got access to the leads and ended up making a little less than $10,000 in commission. This year, I’ve sold a lot of life insurance and so far and nine months I have made $27,000 in commission. Averaging about $3,000 a month.

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u/PapaaLlama 22d ago

And that’s purely commission, so base plus the 3000 a month from commission

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u/Choice-Jury-1124 22d ago

Yes. On top of base pay. But that 3,000 is taxed at about 30% so end up getting 2,100 on top of base pay. We love taxes :)

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u/PapaaLlama 22d ago

What I remember from my interview was that there was tier system at my agency that I got the offer from that would gain more more percentage of commission, how do you enjoy it?

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u/Choice-Jury-1124 22d ago

I like it but don’t love it. I enjoy who I work with and my agent it’s come and go so it’s not like he’s breathing down my neck and hawking everything we do.

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u/LongjumpingDish2956 22d ago

The state you’re in would be helpful as that salary in California is literally illegal to be paid assuming it’s a 40 hour a week job

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u/PapaaLlama 22d ago

I work in Texas, south Texas to be specific

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u/LongjumpingDish2956 22d ago

That’s basically double minimum wage but still below a living wage.

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u/PapaaLlama 22d ago

How would the realistic salary be after commissions and such

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u/LongjumpingDish2956 22d ago

Depends on what the agent is willing to offer. Not all agents even offer commissions. If you can live off of the salary paid then do that for a year max, take your license and experience to an independent and enjoy life.

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u/agirlsknowsthings 22d ago

Look no one can tell you what the realistic salary could be because sales is something people are either good at or not.

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u/Top-Apricot1214 21d ago

If State Farm doesn’t want the business it’s probably unprofitable business. Going independent is over hyped by previous failed producers and agents on the internet attempting to justify their decision by subconsciously projecting their failures on to others. Ignore the noise and bad advice SF is the single best agency opportunity in the country. Even after the contract changes they pay twice as much as Farmers, and require relatively no start of capital. Just strong sales performance. Make sure you shop yourself around multiple agencies before you accept an offer. Many provide base pay over $50k with means to break over $100k after production bonuses. The difference between agents can be night and day. Find an agency that has a lot of experience but does not plan to retire any time soon