Selling car insurance can be a fulfilling and profitable profession, with relatively few formal requirements. This makes it an appealing choice for individuals with an entrepreneurial mindset and a determined attitude. Before you can start selling car insurance, you must obtain a license, which can be obtained either before or after securing a job with an insurance company. If you already have a job offer, the process of starting your career in insurance sales will be straightforward. However, if you are still searching for employment, it will require a bit more effort on your part, but success is still very much attainable.
Firstly, it is important to familiarize yourself with the requirements set by your state. While most states do not have overly stringent qualifications for obtaining an insurance sales license, there are usually some prerequisites that must be met. Since licensing is regulated on a state-by-state basis, each state has the authority to determine its own specific requirements. Nevertheless, there are some common criteria that you should be prepared to fulfill in order to embark on a career in insurance sales. These typically include being at least 18 years old, having a high school diploma or GED, and completing a pre-licensing course that is recognized by your state.
Additionally, it is crucial to consider whether you want to work as a broker or an agent. Insurance salespeople can be categorized into these two groups. Brokers have the ability to sell insurance from multiple insurers, whereas agents exclusively sell products from a single insurer. In most states, brokers and agents are required to undergo different training and examinations.
To obtain your license, you will need to complete a pre-licensing course that is relevant to your chosen path, whether it be working as a broker or an agent. This course will provide you with the necessary knowledge and skills to pass the licensing exam. The course should cover topics related to property and casualty insurance, which includes auto insurance. The specific number of instructional hours mandated by each state may vary, typically ranging from thirty to sixty hours.