Get to Know If Property and Casualty Insurers Are Good Career Path

    If you’re interested in insurance and wondering is property and casualty insurers a good career path, you might be thinking about becoming a property and casualty agent. If so, this article will give insight into what it takes to get started and how much money you can make in this field.

    How much money do property and casualty insurance agents make?

    The sky is the limit if you want to earn big money in property and casualty insurance. According to data from Payscale, the average salary of an agent in this field is $48,000 per year. However, depending on their commission structure and bonuses, agents can make much more than that.

    What does a property and casualty insurance agent do?

    A property and casualty insurance agent is an employee of a company, usually an insurance company, who helps customers find the right insurance coverage. The agent sells policies and works with customers to understand how they can best protect themselves in the event of loss or damage.

    An agent will thoroughly understand all types of policies available, including car insurance, home owners’ or renters’ insurance, life insurance, and other personal lines products (such as pet health). They will also understand how each type of policy works so that they can guide their clients through the process.

    Agents often work with other agents from different companies to help their clients get the best deal possible on car or house repairs or replacement costs after an accident has occurred—this is known as referral selling (or cross-selling).

    What skills do property and casualty insurance agents need?

    Since you will be working with clients, you must have good communication skills. You should also have the desire to help people and be able to effectively listen to and understand their needs. Property and casualty insurance agents must be able to manage time and prioritize tasks to ensure that they meet their clients’ needs.

    In addition, it is helpful if you know about the insurance industry so that you can offer helpful advice on how best to achieve their goals through coverage from an insurance company like yours.

    You can get paid well while helping people find the right insurance coverage.

    Insurance agents are paid by commission, a percentage of an insurer’s premium for selling their products. The average commission rate is 10% of the first year’s premiums, but it declines over time as more agents are added to a market.

    In general, you will be paid more in your first few years because less competition and higher margins are available to you. As you gain experience or have more agents working under you (we’ll get into that later), your compensation will decrease slightly due to increased competition and loss of margin.


    It’s clear that property and casualty insurance agents are in high demand, but there are a lot of factors to consider when deciding whether this career path is right for you. We hope this article has helped you understand what being an agent entails and whether it might fit your goals and interests. If so, we encourage you to get started with our free online course on becoming an agent today!