Farmers Insurance Group

www.farmers.com
There are newer employer reviews for Farmers Insurance Group

4 people found this helpful  

Agents mean absolutely nothing to the company

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Insurance Agent in Denver, CO
Former Employee - Insurance Agent in Denver, CO

I worked at Farmers Insurance Group full-time (more than a year)

Pros

Freedom and POSSIBLE (but not likely) high pay

Cons

In my time working as an agent for Farmers Insurance, I dedicated all of my time to getting policies in the door. Unfortunately, Farmers is a higher priced insurance company in comparison. Selling policies is not always that easy to do. You have a quota monthly, and if you do not meet it, you are let go. Initial thought is to get your family to switch so that you can make your numbers. Once you bring everyone you know on board and meet your first quota, you pass the "training" period. They begin to pay you subsidy.

Long story short... If you miss your quota, you are required to pay back your subsidy (could be thousands), they now have the income from all your family, you cannot take those policies to another company for one year, and all the money that you made you are either paying back or you spent on advertising (which is not cheap).

They will try and talk you into why it is a great company. Don't buy it. Stay far away.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

898 Other Employee Reviews for Farmers Insurance Group (View Most Recent)

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  1. 1 person found this helpful  

    All lip service, no action

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Liability Claim Representative in Grand Rapids, MI
    Current Employee - Liability Claim Representative in Grand Rapids, MI

    I have been working at Farmers Insurance Group full-time (more than 8 years)

    Pros

    My department is relatively good about having flexibility with schooling; however, the workload does not allow much flexibility.

    Cons

    Management wants to pretend like they are listening to employee needs and that they care about how the employee feels about the company but it is all just lip service. They only recently want to know why morale is so low due to the fact that their performance reviews and salaries are dependent upon good employee survey results. If you think this is a career you can advance in, be prepared to take multiple lateral moves and plan to relocate around the country until you are lucky enough to find a position that doesn't suck so badly that you want to off yourself.

    Advice to ManagementAdvice

    Stop running the company based on what USED to be done - that is what got this company into the financial mess they are in. If you have a LOB that is profitable, stop trying to assimilate that LOB into the greater organization but rather make some attempts to bring the larger corporation more in line with the smaller LOB that is actually profitable and keeping this "ship" afloat. Start listening to what the employees are telling you - they know what is going on within the company. Finally, MAKE SOME TECHNOLOGICAL ADVANCES!!! This is the 21st Century, for goodness sake, invest in something that is on the forefront of technology, not something that is already outdated (my web browser consistently will not load pages because the version is SO out of date)!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Great company, unlimited opportunity as a carreer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Agent Producer in Tulsa, OK
    Former Employee - Agent Producer in Tulsa, OK

    I worked at Farmers Insurance Group full-time (more than a year)

    Pros

    Farmers Insurance Group has a great training process for new agents. Not only working directly with the Assistant GM to get all your qualifications, but they will invest in you and send you to CA for Farmers University training where you can bounce ideas off new agents all over the country. They truly want you to succeed. Compensation is unlimited paralleled with the work you put into the job. It truly is a numbers game, you have to keep cold calling from good or bad leads.

    Cons

    Once trained, as a new agent you are building a book of business from scratch. You are selling a product that everyone needs, yet the customers that are upstanding citizens with assets you are trying to insure/write policies on have existing insurance and the only reason to switch to Farmers is price. Other than that, you are chasing after smaller customers for legal minimum coverage on auto policies and possibly renters insurance. Same as above: It truly is a numbers game, you have to keep cold calling from good or bad leads.

    Recommends
    Positive Outlook
    No opinion of CEO
There are newer employer reviews for Farmers Insurance Group

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