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Home and car insurance agents typically receive a 10 to 15 percent commission on the first yearâs premium. Commissions can range as low as 8 percent, says Bissett, while 15 [percent] would be on the very high end.. In contrast, life insurance agents make most of their money in the first year of a new policy.
Average rate increases in Minnesotaâs individual market were all at least 50 percent for 2017. But on January 26, Governor Dayton signed S.F.1 into law, providing 25 percent premium rebates for Minnesotans who buy their own health insurance (on or off-exchange) and arenât eligible for ACA subsidies.