VIP TRAINING — MODULE 03/10← All modules
MODULE 03

Personal Lines Deep Dive

Personal Lines is auto, home, and umbrella insurance for individuals and families. It's what most of our prospects sell. This module gives you enough to talk shop without faking expertise.

THE BIG 3

Auto, Home, Umbrella

Personal Lines is mostly three products. Most agencies cross-sell them as a bundle.

AUTO
Most common entry product

Car insurance

Liability + collision + comprehensive coverage. Renews every 6 months usually. Average premium $1,200-$2,500/yr. The lead magnet for most agencies because everyone needs it.

HOME
Higher value & stickier

Homeowners insurance

Required by mortgage lenders. Average premium $1,500-$3,500/yr. Renews annually. Less price-sensitive than auto. Bundling auto + home gets a discount, which is why agents push this combo.

UMB
High-margin add-on

Umbrella policy

Extra liability coverage on top of auto + home. Cheap (often $200-$500/yr for $1M+ in coverage). Easy upsell. Almost pure profit on the agent's side.

THE FUNNEL

How a Personal Lines Sale Actually Works

1. LEAD comes in (web form, referral, walk-in, ad) 2. Agent gathers info: drivers, vehicles, address, claims history 3. Quote in 2-5 carriers (each quote = 15-30 minutes of work) 4. BIND (the policy is sold)
Most agents lose the lead between step 3 and step 4 because follow-up never happens. This is the gap we sell against.
THE NUMBERS

Personal Lines Economics

MetricIndustry averageWhy it matters
Lead-to-quote rate40-60%Half the leads never even get a quote because no one followed up
Quote-to-close rate25-35%3 out of 4 quotes don't close, mostly because no follow-up after the quote
Average commission per policy10-15% of premium$120-$375 per auto policy bound
Renewal commission10-15% every renewalThis is why retention matters more than new sales
Average policies per household1.5-2.5Bundling = bigger commission & stickier customer
Why this matters on a call: when you say "we help agencies follow up on quotes that go cold," they hear "we help you bind 30% more of the quotes you're already creating." That's real money. A small agency creating 100 quotes a month is leaving $20K-$40K/yr on the table just from missed follow-ups.
BUZZWORDS

Words You'll Hear

"Book of business"

The total set of customers an agency owns. "We have a $2M book" = $2M in annual premium they collect commission on.

"Carrier appointment"

Permission from a carrier to sell their policies. Agencies brag about how many appointments they have.

"Bundling"

Selling auto + home together. Customer gets a discount, agent gets two policies.

"X-date"

The date a customer's current policy with someone else expires. Agents try to time outreach to land right before x-date.

"Rater"

Software that pulls quotes from multiple carriers at once. Examples: EZLynx, PL Rating, Tarmika.

"AMS"

Agency Management System. The agency's main software. Examples: AMS360, Applied Epic, HawkSoft, NowCerts. Different from a CRM (we don't replace AMS, we sit alongside it).

HELPFUL VIDEOS

Watch These To Reinforce This Module

Each link opens a YouTube search. Pick whichever video looks best in the results.

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