District Manager David Graves from Denver Colorado states that his average Agent makes 160k per year.

According to the Colorado Department of Insurance, Farmers Insurance Exchange and companies wrote the following in P&C premium in 2005:

• Farmers Insurance Exchange: $308,273,000
• Foremost: $1,167,000
• Mid-Century: $118,531,000

Total:

Give or take a few, theres about 500 Farmers Agents in Colorado. With those numbers, we can figure out approximately how much the "average" agent in the State has available to them based on written premium.

Being generous, because policy transfers only pay 50% commission and renewals and such are at a lower rate than new business, were going to average the commission rate for Farmers Insurance Exchange to 10%:

308,273,000 x .1 = $30,827,300

Foremost and MCA are going to average lower because they dont pay as much commission % so we'll say 7% since Foremost only has a little over 1m in premium written.

(1,167,000 + 118,531,000) * .07 = $8,378,860

So net total P&C Estimated Commission Payout Available = $39,206,160

$39,206,160 / 500 = $78,412.32

ACCORDING TO THIS CALCULATION, IT IS IMPOSSIBLE FOR THE AVERAGE FARMERS AGENT IN COLORADO TO BE MAKING $160,000/YEAR FROM FARMERS COMMISSIONS!!!

Here is the actual Advertisement.

ACTUAL AD FOR A JOB -START- http://hotjobs.yahoo.com/job-J628381ZL-l-Denver-CO-c-Insurance

Farmers Insurance & Financial Services

At FARMERS, you'll join our elite group of entrepreneurs who are empowered to help customers protect and grow their assets, while you secure YOUR FUTURE!

You belong.

Becoming a Farmers Agent feels different. .

We do a lot to make Farmers Agents feel like they belong. But limiting your freedom to set your own targets and run your own business isn't one of them. You'll be in business for yourself making your own day-to-day business decisions. You'll have the backing, guidance and support of the District Manager and the District staff. In addition, you will have the added support of nearby claims offices and a sophisticated Agency Information Management System. So, you're NOT chained to an office, with our technology you can work from anywhere with a connection to the internet - now that's freedom.

You belong.

The support we give our Agents is free. The feeling is priceless. We like our Agents to feel like part of the family. .

As a Farmers Agent, you get to be your own person. But you also get all the benefits of feeling - and knowing -you're part of something big. Most of all, you'll know what it means to belong to the Farmers family of Agents - and most Agents have successful careers with Farmers for 20-30 years, now that's FAMILY!

You belong.

We'll give you this for nothing when you become a Farmers Agent. It won't cost you a dollar to get this sense..

You can't put a price on belonging. That's why, as a Farmers Agent, there's no set limit to your earning potential, no up-front commitment to lock you in and no initial financial requirement, like some other companies. We provide Pre-Licensing training materials & Pre-Licensing classes. Plus, we provide you with LEADS to help you get started. We really want you to earn as much as possible so we give everything you need to succeed and nothing to hold you back. As a Farmers Agent, we want you to be in business for yourself, not by yourself. So for Farmers Agents, when we say, "You Belong!" we DON'T mean "You belong, only IF you have tens of thousands of dollars of start-up capital like some other companies."

FARMERS OPPORTUNITY OVERVIEW:

• Keep current job while training. Start part-time or full-time.
• Earn COMPOUNDING RENEWALS, which provides a growing source of inflation-resistant income for the future security of you and your family.
• Build Equity in your business, but without the investment.
  Opportunity to turn over your business to a blood relative upon retirement.
• Financial Assistance is available for those who qualify
• No previous license required. (Note: We have an accelerated program for those with an insurance and/or securities license.)
• Train in the Denver Metro area.
• Open your own office, in time, at a location of your choice, in the Denver Metro Area and Surrounding Suburbs.
• With F A R M E R S you choose your location.

Rewards of being a Farmers Insurance Agent:

• First year realistic earnings of a new agency owner is $45,000 - $80,000
• Third year realistic earnings of $100,000+
• Fifth year realistic earning of $200,000+
• Highest producing Agency Owner in this district is over $800,000+

Our typical Agent earns $45-$80K in their first and second year growing to $200k+ within five years+. A tremendous opportunity for those willing to grow a business, build equity, and have a top income for a lifetime. You must have the business owner's mentality and be willing to work for five years like most people won't, in order to live like most people can't for the rest of your life.

For more information contact:

David Graves District Manager

3025 S. Parker Rd. #820

Aurora, CO 80014

(303)369-FARM (3276)

-AD END-