One Farmers Insurance Agents Experience

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One Farmers Insurance Agents Experience

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One Farmers Insurance Agents Experience

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Posted: Nov 22, 2008 |Comments:
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One Farmers Insurance Agents Experience

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About the Author

As a former Farmers Insurance agent in California, I have since left the insurance business. I met my quotas and was still let go by Farmers Insurance. Please read my story, and you will find links to many other scorn agents.

My hope is that you will obtain the knowledge I learned Farmers after working from the inside, as an Agent for Farmers Insurance, and you will learn how Farmers Insurance really treats their agents. If you are thinking about becoming an agent, and have not already made choice of becoming an agent, my Article on Farmers Insurance is a must read.

At the end of my Article, if you happen to be in the same position I find myself after pouring my heart, soul and entire savings into a failed small business; broke, in debt, family troubles and thoughts of suicide due to severe depression, I hope you will purchase my book of suicide letters.

You can find the link to purchase my book at the end of the article.

(ArticlesBase SC #653332)

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Article – One Farmers Insurance Agents Experience Working for Farmers.

Right now you are debating whether to start a career with Farmers Insurance. You are so excited at the thought of owning your own business. What a wonderful opportunity. How can you start up your own business in America for almost no money? Your District Manager has told you and shown you that there is no better opportunity in America than a Farmers Insurance Agency to develop your own small business. And they will pay you a subsidy of up to ,500 per month for expenses. What an amazing deal!

Please keep an open mind, and read for yourself what a former Agent of two years has to say about Farmers. At the end of this article I have links to documentation showing that I exceeded my quotas, was a hard working, successful Agent, and still ended up being let go from Farmers Insurance.

The Farmers group of company’s are actually a pyramid scheme, or Ponzi scheme, where only the District Managers and the heads of the company make money, the Agents just get knocked down, and I’ll explain to you how this happens.

Of course, their are a few Agents in each District that are successful and are making the six figures that your District Manager is promising that you will make, but these agents are only ‘show pieces’. Nine out of ten Agents work 18 hour days, sign up their network of friends and family, cold call for new business, then are eventually rooted out, having their clients that they brought to Farmers given to those few successful ‘show piece’ Agents, and the rest to the company itself (the District Managers). This is so the company does not have to pay the commissions to the Agents. This way the Farmers Company makes more money.

I’m sure your District Manager has told you, “after the first year, you’ll earn between -k, then it doubles after that, and then you’ll hit six figures after two or three years. After two or three years, you’ll be earning six figures, or close to it on renewals alone.” Please listen to me when I say that this is complete B.S.

Farmer’s requires that in order for you to convert from a ‘reserve agent’ to a ‘career agent’ that you sign up 30 or 40 clients (depending on your contract). These 30 or 40 clients are typically your friends and family, because they are the easiest people to persuade to sign up. Then once you turn to a career agent, you are told that the World can be yours. This is where the pyramid scheme begins.

For me, within three months, I had converted to a career agent and was doing great. I had brought in over 5,000 in New Business Premium to Farmers. Within’ six months I had brought in over 5,000 in NBP. I put 75 hours per week into my agency, and at the suggestion of my District Manager, I poured my life savings into my agency. The District Manager said that for every dollar I spent on marketing, I would get two dollars back with the Return On the Investment that I would be getting. Needless to say that this ROI was not true, and now I am broke and on the brink of declaring bankruptcy.

Just see how your District Manager reacts when you ask them about the ‘running to daylight numbers’ that you have to make. This quota is virtually impossible to hit, and if you don’t hit it, you owe back all of the subsidy that Farmers gave you! Farmers is a pyramid scheme because they get the business of your 30 or 40 friends and family that you signed up, then slowly squeeze the life out of you until you end up broke and have to pay them back.

I’m not just some dead beat who couldn’t hack it. As I stated previously, I have documented, proven track record of my sales. Farmers sets their agents up to fail. This way they make more money, because they don’t have to pay commission to the Agent. The only ones who get rich are the District Managers and the executives in the company such as Tom Hopkins.

Don’t walk away from becoming a Farmers Insurance Agent, RUN AWAY AS FAST AS YOU CAN. I swear in the end you will make more money flipping burgers at McDonalds.

I spent ,000 per month on advertising at the suggestion of my District Manager, I hit my sales quotas and now I’m in debt to Farmers for over ,000, and I brought in over a 0,000 in premium to them. In the end, I spent over ,000 on trying to grow my agency, and now I owe Farmers ,000! I think you would agree that this is not a ‘wonderful’ opportunity.

If you don’t believe me, click on this link below, and read testimonies of the thousands of former & current Farmers agents. This link connects you to the United Farmers Agents Association. Look around this forum. You’ll see what I’m talking about. Save yourself, your relationship with your family and your sanity and don’t join Farmers Insurance.

Here is the link to the United Farmers Agents Association.

Here is the link to documentation that shows that did in fact hit my quotas and actually won a few awards for the amount of production that I brought in.

If you would like to read further, please purchase my book about how my debt, family problems due to the amount of time and energy I put into my agency, and the loss of my agency has lead me to thoughts of suicide. This book is NOT just for Insurance Agents. This book will help any small business owner who’s business has failed. You can find my book here:

It will be published within the next few months. It will cost .99 and .99. I am not sure yet on a set price. Please leave me a message on Articlebase, or email me at to pre-order your book. Thank you for your support. You will find comfort in this book, and this book will console you and be your support group that you can turn to each and every day.

Retrieved from “”

(ArticlesBase SC #653332)

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About the Author:

As a former Farmers Insurance agent in California, I have since left the insurance business. I met my quotas and was still let go by Farmers Insurance. Please read my story, and you will find links to many other scorn agents.

My hope is that you will obtain the knowledge I learned Farmers after working from the inside, as an Agent for Farmers Insurance, and you will learn how Farmers Insurance really treats their agents. If you are thinking about becoming an agent, and have not already made choice of becoming an agent, my Article on Farmers Insurance is a must read.

At the end of my Article, if you happen to be in the same position I find myself after pouring my heart, soul and entire savings into a failed small business; broke, in debt, family troubles and thoughts of suicide due to severe depression, I hope you will purchase my book of suicide letters.

You can find the link to purchase my book at the end of the article.

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As a former Farmers Insurance agent in California, I have since left the insurance business. I had met my company set quotas and was still let go by Farmers Insurance. Please read my story.

You will find links to many other scorn agents, as well as links that any owner of a failed small business can associate with mentally and emotionally.

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Nov 22, 2008
lViews: 6,105
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3. John 13/02/2010

Tim-

DM’s talk about how much income you’ll make after 2-5 years. They give the impression, and new agents believe, that this will be money in bank (net income). As you stated, you make 0k GROSS. Who cares about gross? What is the net after expenses? What does line 7 on your 1040 tax return say is your income?
If you’ve been an agent for 5 years, then you’ve seen many new agents start and fail. You are correct that there is an opportunity, but its not for everyone. The problem is for every new agent success there is a truck load of failures. Many of those failings result in financial devastation for the agent as they have spent their life savings trying to start the ageny and then are burdened with owing the company money as they resign.
The issue is that the DM will hire anyone and everyone. They no longer try to hire those most likely to succeed. They bring on as many as possible in the hopes that a small percentage will make it being well aware that most will not.
Unlike what you will hear from a Farmers DM, there is nothing misleading or erroneous in the above article.

2

2. Maija 10/02/2010

OMG! I really appreciate you taking the time to vent about some real disheartening things, ignore Tim’s comment below. How can what you experienced and had to go through, maybe the lies about what the future would hold (opportunities and profit) were not intentional, maybe they thought things would be different. Maybe your experience was atypical, STILL they should have made reparations. Yes, people are not machines, we make mistakes, but the GOOD people and organizations out there don’t have you hating them years later. A mistake was made, corrections should have been done.
I’m sorry if the above was a weird way of wording that, I’ve just read so many articles about Farmers Insurance right now (probably preaching to the choir!) and there’s always that guy who has to post the one positive “nah-uh” statement. However, my point is this, to all those still defending Farmers, they are clearly not honest people. Yes, obviously not everyone has been f**d over, that would be some pretty stupid business moves, but 85% if not more of every comment is entirely negative. But bottom line: They are not honest people to deal with, this is coming from people who already believed in, tried, worked their butts off to succeed at being a Farmers Insurance agent…
thanks for warning us.
Ill keep you in my thoughts and prayers!

3

1. Tim 15/07/2009

You couldn’t be more wrong in your assessment of the company and district managers. IF Farmers where a pyramid scheme then why are their agents of 30 and 40 years? I have been an agent for over 5 years and have watched my income increase year over year. Like any scratch business I made sacrifices the first two years but my gross agency income is over 0,000 a year (after only five years)and I only have one full time staff member. I DID run to daylight and am completely debt free from my startup costs. The opportunity is there but it’s not for everyone.

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