Q&A: can someone tell me what i would need to do to become a motorcycle insurance person?
Question by Steve E: can someone tell me what i would need to do to become a motorcycle insurance person?
i know the proper term isn’t insuance person i just don’t know if there are any diffrences..but anyway im going to motorcycle school right now the plan wasnt to go into insurance adjuster or what ever it may be called i was going to be a service technican but i thought with the knowledge of motorcycles inside and out maybe i could do insurance? so can anyone tell me what im in for or what im going to need to do??
Best answer:
Answer by mbrcatz
You’d need to pass a test at your state insurance department website, and then find a company willing to let you sell their motorcycle insurance policies.
You’d be calling yourself an agent or broker.
What do you think? Answer below!
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Comments
Doing insurance means selling motorcycle insurance. Unless you want to be a claims adjustor. Contact the Department of Insurance in your state for help.
Steve,
Par time motorcycle insurance person is not a good plan. It is not as easy or a cheap as you might think to become an insurance agent. Just about every state requires a minimum number of hours of pre-licensing classes before you apply for your insurance license. Then you have to pass an insurance exam that covers much more than motorcycle insurance.
Once you do that you don’t just start selling motorcycle insurance. The next step is securing contracts with with an insurance carrier. Without being a contracted agent you will not be able to represent the company as an agent (i.e. you can’t sell their insurance). Expect low commission income because motorcycle premiums are fairly low, renewal persistency for this class of business is very low and don’t forget you are competing against major carriers offering the same coverage on the internet.
Then be prepared to continue taking insurance courses for the entire time you are a licensed agent because most states have mandatory continuing education requirements. If you don’t accumulate enough credits your license will be suspended.
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