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Below is an in-depth analysis and side-by-side comparison of Allstate Insurance vs Goosehead Insurance Agency including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $50,000 - $100,000 | $41,500 - $116,500 |
Franchise Fee | N/A | $25,000 - $60,000 |
Royalty Fee | - | 20%-50% |
Advertising Fee | - | - |
Year Founded | 1931 | 2003 |
Year Franchised | 0 | 2011 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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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 |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | Classroom Training: 86 hours |
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 Franchisee Intranet Platform |
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. | Ad Templates 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: 1 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
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