30,000
Hi-I work in GEICO's HR department and saw your question about sales bonuses. Our Sales Reps receive a base salary + monthly bonus potential. Top Sales performers may earn up to $5,000 / month; the average monthly bonus is approx. $1,300 / month. Also, I think the starting salary for sales is around 30,000. And they give you 100% 401k company contributions after 5 years now in Fredericksburg. Also, they may not have 401k match but they do put 10% of the profit sharing you get into the 401k every year you get it and the rest is in your hand cash after taxes. Hope this info helps There are few products you can sell where you get paid each year, whether you worked with the customer or not. Example: Last year’s auto policy from the example above renews ($120.00) and you sell a new auto policy on the same day the following year, earning another $120.00 – your income for that day is now $240.00. Property and Casualty (auto, home and business) insurance agents typically earn anywhere between 7% and 20% commission on each policy sold. If you forced us to come up with a solid number, we’d say 12% is what you can expect on average. Example: $1,000 auto insurance policy at 12% commission would net you $120.00. Each year, assuming your client is still happy and continues to insure with you, you will earn a “renewal” commission. Renewals are where the money’s at, as you do not have to advertise or spend time quoting the policy for it to renew The Government Employees Insurance Company (GEICO /ˈɡaɪkoʊ/) is an auto insurance company. It is a wholly owned subsidiary of Berkshire Hathaway that as of 2007 provided coverage for more than 10 million motor vehicles owned by more than 9 million policy holders. GEICO writes private passenger automobile insurance in all…. Read more from Wikipedia ». Hi-I am a member of GEICO's HR team and wanted to reach out to you. Our Sales representatives receive a base salary + bonus potential after training. In sales, you would have the potential to earn up to an additional $5,000 per month, the average sales associate earns $1,300 per month for meeting their sales goals. Also, I think the starting salary for sales is around 30,000. And they give you 100% 401k company contributions after 5 years now in Fredericksburg. Also, they may not have 401k match but they do put 10% of the profit sharing you get into the 401k every year you get it and the rest is in your hand cash after taxes. Hope this info help Today, premium volume is $14.3 billion and growing. Yet we carry the goodwill of GEICO on our books at only $1.4 billion, an amount that will remain unchanged no matter how much the value of GEICO increases. In 1996, Berkshire purchased the 50 percent of GEICO that it did not already own for $2.3 billion implying a value of $4.6 billion for 100 percent of GEICO. At that time, GEICO had tangible net worth of $1.9 billion which means that Berkshire valued GEICO’s goodwill at $2.7 billion. With just a few clicks you can access the GEICO Partner your boat insurance policy is with to find your policy service options and contact information. Read more. Call us at (888) 532-5433 to make changes to your life insurance policy. Helpful life insurance agents, who can assist you in servicing your policy, are just a phone call away. Read more. Call us at (866) 272-5192 for any changes you need to make to your umbrella policy. Your financial situation changes over the years. Or login to your auto or cycle policy to make an umbrella payment. For Europ Assistance USA, visit the Identity Protection Member Site or call (800) 206-4065. 24 hours a day/7 days a week. Call us at (800) 841-3005 to service your flood policy. Best Answer: I agree with everyone else that it depends on the type of insurance you are selling. For instance, I know of an agent that owns her own business and makes upwards of $700-$900k gross per year. If you are starting out, I would not expect to make any more than $35k your first couple of years. Another example is one of my best friends that started his own independedn agency and made a whopping $9,000 his first year because of overhead etc. The insurance industry varies too much to give a solid dollar figure. The average GEICO salary ranges from approximately $20,231 per year for Porter to $145,000 per year for Senior Programmer Analyst. Average GEICO hourly pay ranges from approximately $10.00 per hour for Receptionist to $85.00 per hour for Software Architect. Salary information comes from 1,803 data points collected directly from employees, users, and jobs on Indeed.
http://www.indeed.com/forum/cmp/Geico/GEICO-Salaries-Bonuses-Benefits/t13417 http://www.thetruthaboutinsurance.com/how-much-do-insurance-agents-make/ http://www.payscale.com/research/US/Employer=Geico/Salary http://www.indeed.com/forum/cmp/Geico/GEICO-Salaries-Bonuses-Benefits/t13417 http://www.rationalwalk.com/?p=11625 https://www.geico.com/ https://answers.yahoo.com/question/index?qid=20071204114437AARImSM http://www.indeed.com/cmp/Geico/salaries
how much do sales professional at geico make