It\’s why they\’re number three and Farmers sinks to a lowly eighth; because Farmers doesn\’t give a wit about their agents, or their policyholders. Farmers has lost all respect in California after their lawsuit to keep zip code rating failed. Farmers spent $20 million of their policyholder\’s money on a system that was designed to rip off their poor customers. Thanks for nothing Farmers.
Progressive has created a system of offerring higher rates thru independant agents with their Drive brand as opposed to rates they offer consumers thru Progressive Direct. They are therefore competing with us agents! Most agencies I know are actively re-marketing their Drive book with other carriers, and moving those insureds rather than lose them. Progressive has gone back on their commitment to the independant agencies and are not to be trusted.
It used to be if one of your Progressive policy holders ever called the company direct, they would just steal the business. Now they are more upfront about stealing business from agents/ Also, ever notice how a \”young\” agent is usually like 30 to 40 years of age at least. I went to a recent young agents meeting and at 35 I appeared to be the youngest guy there.
AMEN IN SPADES to long time independent agent!! Progressive wants us to send them everything but when I go home I am confronted by their consumer direct advertising on TV. Unfair rate competition from my own company. Uncompetitive commission rate and no contingencies! Now they are looking at getting into homeowners line. Watch out!! They are NOT to be trusted.
Thanks for the feedback from \”another INDEPENDANT agent\”. That\’s why I continue to contribute my thoughts on line – I love you folks! And you are right on track about \”Drive\’s\” low commissions and no contingencies. Their only 2 attributes are a good on line system and that they pioneered the alternative to assigned risk which truly sucks. However now many agent carriers are open to a wide range of insureds so \”Drive\” better step up to the plate or lose market share!
What\’s funny is that Peter B. Lewis went to my college and there is a new building there named after him which he partially funded. He was supposed to fully fund it but he got into an argument with the University trustees.
Hey Duffman…What is REALLY funny about Peter Lewis is the direct quote from him that I keep on my bulletin board for inspirational purposes: \”Agents will have to learn to live on 5% commission.\” Well guess what? After 35 years I have not yet learned this: and I don\’t plan on learning it either. He is a real piece of work!!
There are so many things to tell, but I do not have lot a time, so, I just want to point out one of them. Drive do not accept over one ton vehicle on their personal auto policy. However, Progressive Direct accept any type of trucks regardless of GVW as a pleasure use and even with way lower premium than Drive. Someone told me, those CSRs write only new business and their basic salary including commission is well over $3000 to $4000 per month. They must write tons of new business.
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It\’s why they\’re number three and Farmers sinks to a lowly eighth; because Farmers doesn\’t give a wit about their agents, or their policyholders. Farmers has lost all respect in California after their lawsuit to keep zip code rating failed. Farmers spent $20 million of their policyholder\’s money on a system that was designed to rip off their poor customers. Thanks for nothing Farmers.
http://www.jdpower.com/finance/ratings/auto_insurance/index.asp
Progressive has created a system of offerring higher rates thru independant agents with their Drive brand as opposed to rates they offer consumers thru Progressive Direct. They are therefore competing with us agents! Most agencies I know are actively re-marketing their Drive book with other carriers, and moving those insureds rather than lose them. Progressive has gone back on their commitment to the independant agencies and are not to be trusted.
It used to be if one of your Progressive policy holders ever called the company direct, they would just steal the business. Now they are more upfront about stealing business from agents/ Also, ever notice how a \”young\” agent is usually like 30 to 40 years of age at least. I went to a recent young agents meeting and at 35 I appeared to be the youngest guy there.
Does that mean there are a shortage of young agents?
AMEN IN SPADES to long time independent agent!! Progressive wants us to send them everything but when I go home I am confronted by their consumer direct advertising on TV. Unfair rate competition from my own company. Uncompetitive commission rate and no contingencies! Now they are looking at getting into homeowners line. Watch out!! They are NOT to be trusted.
Thanks for the feedback from \”another INDEPENDANT agent\”. That\’s why I continue to contribute my thoughts on line – I love you folks! And you are right on track about \”Drive\’s\” low commissions and no contingencies. Their only 2 attributes are a good on line system and that they pioneered the alternative to assigned risk which truly sucks. However now many agent carriers are open to a wide range of insureds so \”Drive\” better step up to the plate or lose market share!
What\’s funny is that Peter B. Lewis went to my college and there is a new building there named after him which he partially funded. He was supposed to fully fund it but he got into an argument with the University trustees.
Hey Duffman…What is REALLY funny about Peter Lewis is the direct quote from him that I keep on my bulletin board for inspirational purposes: \”Agents will have to learn to live on 5% commission.\” Well guess what? After 35 years I have not yet learned this: and I don\’t plan on learning it either. He is a real piece of work!!
There are so many things to tell, but I do not have lot a time, so, I just want to point out one of them. Drive do not accept over one ton vehicle on their personal auto policy. However, Progressive Direct accept any type of trucks regardless of GVW as a pleasure use and even with way lower premium than Drive. Someone told me, those CSRs write only new business and their basic salary including commission is well over $3000 to $4000 per month. They must write tons of new business.