Allstate Insurance vs Brightway Insurance Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Allstate Insurance vs Brightway Insurance including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Allstate Insurance Franchise
Brightway Insurance Franchise
Investment $50,000 - $100,000$18,100 - $173,500
Franchise Fee N/A$5,000 - $60,000
Royalty Fee -up to 50%
Advertising Fee --
Year Founded 19312003
Year Franchised 02007
Term Of Agreement -5 years
Term Of Agreement -5 years
Renewal Fee --


Business Experience Requirements
 
Allstate Insurance Franchise
Brightway Insurance Franchise
Experience

Equal parts dedicated and driven. Someone who isn't afraid to take risks and turn them into rewards. Someone with a passion for helping people live the good life and building a good life for themselves. Opening an agency takes courage, commitment and compassion.

-

Financing Options
 
Allstate Insurance Franchise
Brightway Insurance Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Allstate Insurance Franchise
Brightway Insurance Franchise
Training - On-The-Job Training: 120 hours Classroom Training: 64 hours Additional training
Support

Access to education and support about our products, sales techniques, productivity tips and marketing tools. To us, that's just good business.

Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software
Marketing

The support of Allstate's multimillion-dollar national advertising campaigns, plus customizable local marketing and advertising materials - brochures, mailers, emails, etc. - along with your own personalized web page and office signage.

 Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
Operations

You are responsible for hiring your own staff, but Allstate offers tools and resources to help you with the hiring process. Once you formally commit to being an Allstate agent, you'll work directly with your local Field Sales Leader to determine the right number of people you need to start and grow your agency.

Absentee Ownership Allowed

Number of Employees Required to Run: 3

Expansion Plans
 
Allstate Insurance Franchise
Brightway Insurance Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Allstate Insurance

THIS IS NOT A FRANCHISE THIS IS A License Opportunity
 We are looking for entrepreneurial individuals to represent the Allstate Good Hands promise to our customers as Allstate Exclusive Agents*. As an Exclusive Agent, you will have the opportunity to sell Allstate's wide range of insurance and financial products, such as auto, property, and financial services.
 Insurance and other products include:
 # Auto, home, life, and business insurance
# Coverage for your mobile home, motorcycle, and boat
# Motor Club and RV Roadhelp Plan Financial products include:
# Retirement solutions
# Variable annuity and variable universal life insurance
# Mutual funds and IRAs
 PUT YOUR FUTURE in GOOD HANDS

About Brightway Insurance

Brightway Insurance has redefined how independent agents grow and profit. Our innovative franchise agency model allows you to sell more policies, retain more customers, and earn more profit. You'll be able to give your customers the best coverage options from a variety of our nationally-backed insurance carrier partners. Finally, a better way to run an insurance agency.
Three Ways to Win
1. Agent Conversion - Receive multiple liquidity events, one now and one later, when you convert your existing agency into a Brightway branded franchise. Doing so allows you to implement an effective perpetuation plan while receiving all the benefits of being an Associate Agency Owner with the #1 Insurance franchise in the nation.
2. Agency Conversion/Sale - If you are looking to sell your agency, Brightway is the answer. Through a single liquidity event, we will help execute on your perpetuation plan with honesty and integrity. Whether you are looking forward to retirement or a new opportunity outside of insurance, we are the solution to help make it a reality.
3. New Franchise Ownership - Open a Brightway franchise in an existing market, or lead our expansion efforts in one of the many new territories now available across the country.

The total investment necessary to begin operation of a single Brightway retail franchise is $98,300 to $175,000. This includes a $60,000 initial fee that must be paid to the franchisor or its affiliate(s).
Additionally, the franchisor offers franchisees the right to operate a Brightway franchise from a professional office space. The total investment necessary to begin operation of a single Brightway franchise from a professional office space is $58,000 to $93,750. This includes a $40,000 initial fee that must be paid to the franchisor or its affiliate(s).

Veteran Incentives  10% off franchise fee
"Top                      "Entrepreneur
#52 in Gator's Top franchises. 
                
"franchiserankingscom"
#34 on Franchise Rankings.com
#254 in Franchise 500 for 2020.
#190 in Franchise 500 for 2021.