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.

Hi all, saw the reference to this page in our logs, i'm a moderator of www.farmers-online.com and a former agent with FIG. I wanted to make one small correction to a previous post. As an agent, you will always be a contract 1099 type employee. Meaning you will not get benefits other than a partially subsidised health plan, meaning they will loan you money to pay for your health insurance.

One important point when talking to DM's, they will present the program to you in a way that makes the "Subsidy" look as if it is income or free money. It is not, it is a loan to you that you will have to pay back. I realize some of you other Farmers agents out there tend to disagree, but take a look at the new contract and look at how much business needs to be written in order to waive it then come back and tell me how free this money really is.

As a Farmers agent, you will be footing a great deal of your own money getting this off the ground. If you dont have a minimum of 50k to make a serious go at this, you are going to have an extremely difficult time making it work.

You start in the Reserve Agent program, which we've outlined the truth behind here: <a href="www.farmers-online.com/farmers_reserve_agent_program.aspx">Farmers Reserve Agent Program</a>

There is lots of other info on the site. Just read through it and make an educated decision based on what everyone else has posted. If it doesnt scare you of, you truely have what it takes to succeed.

farmers-online in Phoenix, Arizona said: Hi all, saw the reference to this page in our logs, i'm a moderator of www.farmers-online.com and a former agent with FIG. I wanted to make one small correction to a previous post. As an agent, you will always be a contract 1099 type employee. Meaning you will not get benefits other than a partially subsidised health plan, meaning they will loan you money to pay for your health insurance.

One important point when talking to DM's, they will present the program to you in a way that makes the "Subsidy" look as if it is income or free money. It is not, it is a loan to you that you will have to pay back. I realize some of you other Farmers agents out there tend to disagree, but take a look at the new contract and look at how much business needs to be written in order to waive it then come back and tell me how free this money really is.

As a Farmers agent, you will be footing a great deal of your own money getting this off the ground. If you dont have a minimum of 50k to make a serious go at this, you are going to have an extremely difficult time making it work.

You start in the Reserve Agent program, which we've outlined the truth behind here: <a href=" www.farmers-online.com/farmers_reserve_agent_program.aspx">Farmers Reserve Agent Program</a>

There is lots of other info on the site. Just read through it and make an educated decision based on what everyone else has posted. If it doesnt scare you of, you truely have what it takes to succeed.

sorry didnt know how this comment area worked, the correct link is: www.farmers-online.com/farmers_reserve_agent_program.aspx

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.