T Kelly ONeill - Farmers Insurance Agent in Rockwall, TX (2024)

FAQs

How much do top farmers insurance agents make? ›

The average farmers insurance agent salary in Texas is $50,000 per year or $24.04 per hour.

Farmers is the trade name for three reciprocal exchanges, Farmers, Fire, and Truck, each a managed by Farmers Group, Inc. as attorney-in-fact on behalf of their respective policyholders. Farmers Group, Inc. is a wholly owned subsidiary of Swiss-based Zurich Insurance Group.

California

Farmers Insurance Group / Headquarters

While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.

@gmail.com. Gideon du Plessis failed in the 10th standard and never went to college. He is today the highest earning insurance agent in the world, with annual commissions amounting to Rs 7 crore (Rs 70 million) plus. A record he has maintained over the last 12-14 years, selling 700 policies yearly.

Average State Farm Insurance Agent yearly pay in Texas is approximately $48,222, which is 18% below the national average. Salary information comes from 168 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.

While ZipRecruiter is seeing salaries as high as $119,908 and as low as $24,673, the majority of State Farm Agent salaries currently range between $43,900 (25th percentile) to $76,000 (75th percentile) with top earners (90th percentile) making $98,197 annually in California.

We now believe Farmers' capital adequacy to remain comfortably at '99.50%' stress level, which is further supported by the expected improvement in the underwriting performance, risk exposure reduction in certain catastrophe prone states, and higher investment income.

Why is farmers insurance so expensive? ›

Farmers is so expensive because of agent commissions and rising costs overall for insurance companies. At $1,044 per year, the average Farmers car insurance policy is a lot more expensive than the national average of $671 per year for a policy with minimum coverage.

Raul Vargas has more than two decades of international leadership experience in global life and non-life insurance markets across the U.S., Latin America and Europe. Mr. Vargas was appointed CEO of Farmers Group, Inc. and became a member of the Executive Committee in January 2023.

The cheapest annual rates among companies in our analysis are offered by USAA, Erie, Auto-Owners, and Nationwide. These insurers have competitive sample premiums in multiple driver categories, including some categories that are typically costly to insure.

State Farm offers the cheapest homeowners insurance at $174 per month on average, according to a comprehensive review by the MarketWatch Guides team. According to data obtained from Quadrant Information Services, the average cost of a homeowners insurance policy is $2,511 annually or $209 per month.

Ownership. Farmers is privately owned by the James Pascoe Group, in turn owned by Anne Norman and family. James Pascoe Ltd and Fisher & Paykel Finance bought Farmers on 6 November 2003 from Foodlands Associates for NZ$311 million.