Farmers Insurance Interview Questions.

It's always hard to know what to expect when going in for that interview -- and preparation can make all the difference. What is the interview process like at Farmers Insurance?

Any advice on striking the right note?

I recently did an interview with Farmers. Its not that big of a deal. One thing to note before you interview with them as an agent is to look at what they are looking for.
First of all - they have the most agents of all insurance companies. Farmers has like 20,000. All State, State Farm, etc have about 5000. As you can tell this is a big difference. As long as you have some personality to you, they will probably hire you. Lastly - this will be a 1099 Commission Only position until you enter the career program. So they lose nothing by bringing you on and seeing if you got what it takes to succeed.
With that said, you would be better off interviewing them to see if they are the people you want to work with. Here is a list of question obtained from www.farmers-online.com that you should ask the District Manager that you are interviewing with...

1) How much money can I expect to make per year in years 1-5 if i were to do this full time?
2) How much money should I expect to invest including all expenses in my first 12 months, 24 months, 36 months, 48 months, 60 months?
3) How much will my office expense be in my first 12 months, 24 months, 36 months, 48 months, 60 months?
4) What is the failure rate of Reserve Agents in your district? Or how many of them graduate to be a Career Agent?
5) How many Career Agents graduate to become a Full Time Agent?
6) What is the Average Career Agent commission payout in your district per year?
7) What is the average Full Time Agent Commission earned per year?
8) How many average "Policies" are there per agent?
9) What is the average amount of premium per policy?
10) What new business commissions will I paid for each type of policy? Auto, Fire, Home, Term/Whole/Universal/Variable Universal Life?
11) What residual or renewal commissions will I paid for each type of policy? Auto, Fire, Home, Term/Whole/Universal/Variable Universal Life?
For what reasons can my career agent contract be cancelled

Farmers does not hire salespeople. They simply allow you to sell their products as an independent contractor. Period. It is your responsibility (and your nickel) to get licensed and learn the business. They may (or may not depending on the District Manager) give you some 'training.' However, the training is not on selling. It's your responsibility to develop and close leads. If that's what you want to do, great. A lot of people have made a lot of money at it. Fundamentally, I believe that unless you're a natural born salesperson or someone who knows someone who can mentor you, this is an incredibly difficult thing to do.

There are some good resources about what questions will be asked in an insurance interview at www.insurance-forums.net

Hi,
I just started with Farmers as a reserve agent about 2 weeks ago and so far my experience have been great. My DM is very supportive and genuine, doesn't seem like someone that will use scare tactics to get sales out of me.

I know that we have to met a quarterly quota of 40 policies and 4 life policies. My question is, how long does this quota rule last? 2 years? 3 years? or for as long as I work as an agent I will have to meet this quota?

And lets say I miss my quota by one or two policy, does that mean they will fire me and take my book of business that is apparently MY book of business?

Please help with answering if you can! I can't seem to get a straight answer from other farmer's agent because apparently contracts change all the time.

Thank you.

Run-do'nt walk run away now

I would be interested in hearing what you think of farmers now that it's been 22 months since your original post. How difficult has it been during this economy to make The 40/4 quota?

Host said: It's always hard to know what to expect when going in for that interview -- and preparation can make all the difference. What is the interview process like at Farmers Insurance?

Any advice on striking the right note?

I recently had an interview with Farmers Insurance for a Claims Assistant position. I had a very wonderful experience. They were very nice people, and I really don't think I ever had such a great interview or felt so comfortable.

I advise anyone who is going in for an interview to BE PREPARED. They ask behavioral based questions, so I strongly advise you to look up questions and answer them before hand so you have an idea what to say when they interview you. I did, and had no problems coming up with answers on the spot.