High-Street car insurance broker

Local drivers, small businesses with vehicles and people who prefer to deal face to face. Insurers pay commission, and you may add a fee for arranging or changing a policy.

Commission and fees on new policies, mid-term changes and renewals. A steady base of repeat customers is what makes the premises worthwhile.

• Customer service and patience
• Selling without pressure
• Managing compliance and records
• Running a small office or team

• FCA regulation applies, so check the authorisation route and timescales before you sign a lease
• Professional indemnity insurance and public liability insurance for the premises
• Rent, business rates and fit-out costs are a fixed commitment even in slow months
• Customer money, complaints handling and record keeping rules, check what applies to you
• Data protection duties for the personal information you hold

Startup costs are typically around £8,000 to £35,000, depending on the premises, fit-out and your authorisation route. These are estimates. Rent, business rates and fit-out are fixed commitments even in slow months.

Monthly revenue is typically around £3,000 to £15,000, depending on location, the number of policies you arrange and any fees you add. This is an estimate of income, not profit, so allow for rent and running costs.

FCA regulation applies, so check the authorisation route and timescales before you sign a lease. Also check professional indemnity and public liability insurance, rules on customer money, complaints and record keeping, and data protection duties.