Farmers Insurance Group reviews

People who have been with the company for a long time seem to be left out of promotions. Management does not recognize their importance and how valuable they are. They are often left on the sideline doing “special project”. Salary is generally lower, because they claimed there was Profit Sharing. However, Profit Sharing is going away in 2009 and there is no salary increase to make up the difference. The benefits used to be very good, but they are also changing in 2009 and not for the better. They are combining vacation days with sick days. Employees get a set number of pay-time-off, sick and vacation days both count toward the pay time off, so it is really up to the employees not to get sick. The company is extremely cost-saving minded. They don’t like to spend money on virtually anything.

Rates are to high. Not competive rates with other insurance carriers in the same location for (auto, home, and life). Its hard to write new business due to strict underwriting criteria. Impossible bonus plans. Every bonus or profitabililty bonus has life insurance issued and paid requirement and a sales count requirement. If you don't sell life you will not get extra paycheck. The amount of income they tell you can make figures in that you will make your bonus. Very few agents actually make bonus's. I made the mistake of listening to how much i could make in 1 to 5 years. District managers advertise on Craiglist for new agents and those compensation figures are exaggerated. Also Farmers has too many agents per city which makes it even harder to take on new clients when competing with agents from your own company If you notice with the other top insurance carriers they have less agents per area which will result in a larger book of business which in return more commisions I would recommend interviewing with other carriers before you commit yourself to Farmers. Also look into independant agencies as well.