How much do insurance agents earn per policy?

Agents earn a commission on each policy, set by the insurer and varying by product. Auto and home policies typically pay 5% to 15% of the first-year premium, with renewals at 2% to 5%. Term life typically pays roughly 30% to 80% of the first-year premium, permanent policies around 100% or more, and renewals drop to roughly 1% to 10% of the annual premium in later years.