Insurance Agency

Business Idea: Start An Insurance Agency in 2024

Updated: July 7th, 2024

Monthly Revenue
$250K
Market Size
$1.2T
Market Size

Are you hoping to start an agency in the service industry? How about starting your own insurance agency?

In the past decade, the insurance industry contributed more to the US GDP than banks for the first time. Insurance statistics show that the industry has been pretty good lately, and the trend is not slowing anytime soon. Factors driving growth in the insurance sector include sustained economic growth, better interest rates, and greater investment income. Besides, insurance companies adopted investments in technological and operational efficiencies during the pandemic, a move that has helped the industry thrive.

Perhaps you are an insurance agent wanting to quit a 9 to 5 job and start a new chapter of self-employment. Or maybe you are considering a career change and seeing potential in the insurance industry. Whatever the reason for wanting to start an insurance agency, it can be a great idea.

However, building an insurance agency is no small task. Ensure you have enough equity and get ready to work hard and make smart decisions.

Examples Of Successful Insurance Agencies

Successful insurance agency businesses and case studies

Fabien grew FAB FRENCH INSURANCE from scratch with just $10k, achieving a turnover of over $2.5M after just six years in business, by focusing on the English-speaking community living in France and using affiliate marketing and automating the quotation process online to streamline lead generation and weed out customers who weren't willing to get into the sales funnel.

$250K Monthly Revenue
$10K Startup Costs
Read by 2,740 founders

See full list of successful insurance agencies.

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