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How much do car insurance brokers make on a policy?
I hired a broker to help me find a good deal for car insurance. I ended up buying liability and comprehensive coverage. How much did the broker make from the sale?
Emily Richey · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Brokers make money off of commissions by selling
car insurance
policies. Depending on state regulations and the type of insurance policy the broker is selling, they typically make around 2% to 8% of premiums.The next time you’re in the market for new car insurance, go to
Jerry
. A licensed broker that offers end-to-end support, the free Jerry app gathers affordable quotes, helps you switch plans, and even cancels your old policy for you.”View full answer
- Gregory R.
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