Barrington Pryce - Farmers Insurance Agent in San Antonio, TX (2024)

FAQs

How much do farmers insurance agents make in Texas? ›

As of Apr 30, 2024, the average annual pay for a Farmers Insurance Agent in Texas is $55,669 a year.

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.

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.

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.

While ZipRecruiter is seeing salaries as high as $130,918 and as low as $26,938, the majority of State Farm Agent salaries currently range between $47,900 (25th percentile) to $83,000 (75th percentile) with top earners (90th percentile) making $107,212 annually in Los Angeles.

State Farm's home and auto lines lost more than $2 billion in the first three months of 2023, with $1.8 billion in losses coming from its car insurance division alone. Farmers, by comparison, lost about $150 million in the same period.

Why did my car insurance go up 700 dollars? ›

Car accidents and traffic violations are common explanations for an insurance rate increase, but other reasons why your car insurance rate can go up include changing your address, adding a new vehicle or driver, increases to claims in your ZIP code, and increases to car repair/replacement cost.

Geico is so expensive because car insurance is expensive in general, due to rising costs for insurers. But at $462 per year, the average Geico car insurance policy is actually cheaper than coverage from most competitors. In fact, Geico is one of the cheapest car insurance companies nationally.

How much does a Founder and CEO make at Farmers Insurance Group in the United States? The estimated average pay for Founder and CEO at this company in the United States is $61,672 per year, which is 16% below the national average.

California

Farmers Insurance Group / Headquarters

WOODLAND HILLS, Calif. //BestWire// - Farmers Group Inc. and Farmers Exchanges have completed their acquisition of MetLife Inc.'s U.S. property/casualty business for $3.94 billion, assuming 2.4 million in-force policies, the companies announced April 7.