Yes insurance is pretty competitive. Not only with affiliates in the space but also big insurance companies, insurance brokers and insurance lead aggregators.
Pretty much any finance related market like insurance, loans and debt consolidation is pretty competitive because the payouts are pretty high.
However if you are good at SEO, or know how to market to the long tail somehow, it still may be worth a try. If you are a newbie though, I'd suggest getting started in a less competitive market.
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