Home-Based car insurance adviser

Drivers buying or renewing cover, such as young drivers, people with convictions or modified cars, and anyone who wants a person to talk to. The insurer pays your commission, and some brokers also charge the customer an arrangement fee.

Commission on each policy sold or renewed, plus any broker fees. Income builds as renewals return each year, and you usually share part of it with your principal firm.

• Clear, honest communication
• Comfortable selling and explaining detail
• Careful with paperwork and compliance
• Building trust with local people

• Selling or advising on insurance is regulated by the FCA, so check you are authorised or an appointed representative before you take any enquiries
• Check who is responsible for compliance, complaints and customer money under your agreement with the network
• Professional indemnity insurance, and whether your network provides it
• You must follow data protection rules (UK GDPR) and may need to register with the ICO
• Commission can fall if insurers change their terms, and renewals are not guaranteed

Startup costs are typically around £600 to £3,000, depending on the network or broker you join and your equipment and marketing. These are estimates. Check what your agreement with the network includes, such as insurance cover.

Monthly revenue is typically around £800 to £4,000, depending on how many policies you arrange and the commission terms. This is an estimate. Commission can fall if insurers change their terms, and renewals are not guaranteed.

Selling or advising on insurance is regulated by the FCA, so check you are authorised or an appointed representative before taking enquiries. Also check who handles compliance, complaints and customer money, plus professional indemnity insurance and data protection duties.