Sell More Insurance Using Social Proof: 29 Clever Sales Tricks (2024)

Understanding and leveraging social proof can be extremely powerful in your insurance agency for getting more leads, closing more sales, retaining more clients and making more money.

The basic idea is to make every prospect and client believe that LOTS of other people also buy from you (whether it’s true or not).

Thats why I put together 29 tricks for leveraging social proof to sell more insurance.

​Ever find yourself commiserating with a client or prospect about how tough the insurance business is?

Think they’re going to feel sorry for you and buy a policy or renew?

Think again. Nobody wants to be with a loser.

When you tell clients sales are anything but amazing, you’re really saying there are better options elsewhere.

How’s business?

Business is GREAT… Always!

​If people search for your agency on sites like Google and Yelp, they’ll notice the number (not just quality) of your reviews and use it as a sign of how popular you are.

Just like a restaurant, an insurance agency with 5 times more clients should have 5 times more reviews.

This is a particularly good opportunity because very few agencies are actively going after reviews.

Here’s an article to give you some ideas, or check out this recorded podcast about getting more reviews.

If your agency just opened and you don’t have the numbers to brag about customers, use your carriers’ stats.

The more local you can make the numbers the better. For example:

“Over 30,000 households in East Bumblewood have Progressive insurance. Have you gotten your quote yet?”

I look at insurance agent Facebook pages a lot and although I know it’s not the best indicator of a good FB presence, the first thing I check is the number of likes.

With nothing else to go by, would you hire the real estate agent with 300 Facebook fans or the one with 30?

By the way, don’t buy Facebook Likes. You’ll regret it.

Develop a strategy for building legitimate connections instead.

Just like the bulletin board for business cards, a board overflowing with pictures of your clients instantly shows prospects that other normal people trust your agency with their financial protection.

Many visitors to your agency will come in and leave without ever seeing another customer. Don’t you want them to know others exist?

Post pictures of a wide array of ages, sexes, nationalities, and all the other things that make your client base diverse.

People place more value in social proof from other people similar to them.

This is similar to the idea above, except you’re doing it virtually.

It also helps with retention when your existing customers to see a steady stream of new and existing customers buying from you.

An added bonus is that the pictures you share on Facebook can be shared with hundreds or thousands of other people.

Warning: This idea is a bit sketchy so just ignore it if you want.

When you’re quoting a prospect, tell them you insure someone (or several people) on their street or in their neighborhood.

Pretend you don’t know or can’t release the names, but by making this comment you’re saying to them:

“Someone with your socioeconomic status already buys from us. You won’t be making a mistake doing the same.”

Sorry, but here’s another sketchy one:

When the prospect tells you the year, make, and model of their vehicle (or whatever the risk is) say something like:

“What a coincidence! I just sold a policy earlier today with that exact same car!”

Again, you’re putting them at ease by reinforcing this idea: “every purchase carries risk, but there’s comfort in knowing you’re not the only one making it”

Having trouble selling a particular policy or coverage over another?

Give clients statistics about buyer behavior. Something like:

“Of course the decision is yours and I’m happy to answer all your questions, but for what it’s worth, 77% of people in your situation purchase Policy A.”

Say that consistently and a year from now you’ll have more than 77% with Policy A.

I’ve written a lot about video testimonials before and I still stand behind them.

Video testimonials always sound hard to get, but if you’re on the lookout and ask the right people it’s not impossible to get 5-10 good ones over a few months.

Don’t worry about the professionalism of the video. Authenticity is more important.

​Once you get in the habit of recording video testimonials from your clients, use these during the new business quoting process.

The key to getting maximum benefit from a video testimonial is to have someone that looks and sounds like the prospect.

Once you have a “library” of 8-12 testimonials use them so the older white woman gets a testimonial from another older white woman and the young hispanic man gets one from a young hispanic man.

And if you think my theory about this is insensitive to cultural differences then you’re living in a fantasy world.

By the way, don’t build an actual library, just post the videos on YouTube and send prospects a link.

​Of course if you’re already creating the video testimonials, make sure to post them to your Facebook page.

Although posting links to YouTube is okay, you’re going to want to upload the actual videos to Facebook so they’ll show up if anyone searches through your online videos.

YouTube links will only be a part of your timeline but an uploaded video is easy to find forever.

If you can get together enough video testimonials, string them together and create a DVD to play in your waiting room.

You might go crazy listening to the same thing all day, but you could always put on the closed captioning or just hit the play button when there’s a prospect coming in.

If you’re going to make the DVD, you may as well do a little interview with the agent and any employees that aren’t likely to leave you anytime soon.

Fact #1 – Everybody thinks doctors are smart.

Fact #2 – Doctors have Dr. in their name so it’s easy to identify them in a video or print testimonial.

If your prospect is considering buying from you and they watch or read a testimonial from a doctor they’re going to think,

“How big of a mistake could this be? This dude bought from the agency… and he’s a doctor!”

Just like a Facebook page with few fans, a LinkedIn page with very few connections makes you look less connected and successful.

Don’t be afraid to ask to connect with someone with whom you have a distant connection. People are generally less discerning about who they connect with on LinkedIn.

It’s not like asking someone to be your Facebook friend.

Start by requesting to connect with me on LinkedIn… I promise I’ll accept.

Negative social proof is when you try to sell something with a variation of “everybody buys the wrong coverage, so I’m going to talk you into the right coverage.”

Here’s an example:

Agent says: “There’s so many people out there with state minimum coverage, you should buy high underinsured motorist coverage.”

Prospect hears: “Everybody else is getting the state minimum… perhaps I should too… It’s cheaper, right?”

If you want to sell higher underinsured motorist coverage, say this instead: “77% of customers just like you buy these limits.”

When one of your clients refers your agency, that’s the ultimate social proof.

That’s the biggest reason why referred leads close at much higher rates than cold leads.

Here’s an article I wrote with some great ideas for boosting referrals.

Case studies can be excellent social proof tools for your website, marketing materials, or sales presentations.

Although it sounds so “official”, a case study doesn’t need to be any more than a simple explanation of a client’s problem and how you solved it.

It’s probably a bit more geared toward commercial than personal, but I think you can do case studies on just about anything.

Create a “library” of different case studies and you could send specific case studies to individual prospects depending on their specific needs so the message and social proof really resonates.

When you’re selling a particular coverage to a prospect full of doubt, telling a vivid claim story can be a great form of social proof.

Tell your prospect about about another customer who made the right decision during the buying process and how that specifically helped them later on.

The more real and detailed you can tell the story, the more impactful it will be.

When you’ve got an ecstatic customer in front of you that you just saved hundreds of dollars for, ask them to make a post recommending your agency on Facebook.

It might sound like too bold of a request, but when people are saving a lot of money, they’re usually willing to tell the world because it makes them look like smart thrifty consumers.

The average Facebook user has around 150 friends. Think about it.

Make it a game during conversations with prospects to find a client of your agency the prospect may know.

Throw out a bunch of names based on where they live, where they grew up, where they work, what activities they’re involved in, whatever.

Even if you can’t make a connection, every time you say something like, “Do you know Bobby Moore? He’s one of our clients and works over at the plant.” you’re providing more social proof that your agency is a great one.

And if you find a connection, the value of that social proof just multiplied!

​Guess what, you can be the social proof too!

Explain to your clients why you decided to purchase the policies and options you did.

Let them know you pay the same amount as them. And if you want to really drive the point home, show them your dec pages or other documents that prove you’re willing to put your money where your mouth is!

1. Make a list of social proof tactics you could employ this week and put them in a visible place.
2. Email a link to this article to another agent you know who likes sales tricks.
3. Click the Like button to give social proof to all the other agents who read this article