NLIC.org

Naomi Said:

How much does it cost to start a State Farm Insurance Agency?

We Answered:

While I am sure every state varies - the first answer is way off. In PA, I think you 60,000 in available funds - at all times. With SF - you do not buy the book of business - you are an independent contractor who services and sells. Talk to a local SF Agent - preferable a newer one - most are more than willing to meet with you and give you some insight.

Ben Said:

Question to State Farm/Insurance Agency former or current employee/agent..?

We Answered:

Since HE is paying you and not State Farm, you want to see what HIS compensation to you is, prior to working for him. How does your compensation not come up while you were discussing compensation in the interview?

Nicholas Said:

What Is Involved In Opening A Franchise Insurance Agency Like State Farm or Allsate?

We Answered:

Contacting the company is usually a good place to start.
Dbake pretty much nailed it, but here are the websites for the two companies.

Search under "sales".

As DBake, said, getting a license from your state's insurance department is also a good step.
I gave a listing to the National Association of Insurance Commissioners' website that lists links to the different states' insurance departments.

As a general rule:
Do your research, write up a business plan, and be realistic about the costs and pay.

Elaine Said:

How much money do you need to start a State Farm Insurance Agency?

We Answered:

State Farm agents are all exclusive to State Farm. They are independent contractors, yet they have to be selected by State Farm. Go to statefarm.com if you are interested in learning more about how to become an agent

Sue Said:

How Much Capital Is Needed To Open A State Farm or Allstate Insurance Agency Inside A Mall?

We Answered:

Just enough to pay the rent and get the insurance for the business to satisfy the landlord, and the e&o insurance to satisfy the carrier.