Post job

Agent vs insurance sales agent

The differences between agents and insurance sales agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance sales agent has an average salary of $49,587, which is higher than the $37,864 average annual salary of an agent.

The top three skills for an agent include insurance products, customer service and life insurance. The most important skills for an insurance sales agent are customer service, casualty insurance, and work ethic.

Agent vs insurance sales agent overview

AgentInsurance Sales Agent
Yearly salary$37,864$49,587
Hourly rate$18.20$23.84
Growth rate6%6%
Number of jobs184,32573,485
Job satisfaction2-
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 51%
Average age4646
Years of experience--

What does an agent do?

Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.

What does an insurance sales agent do?

An insurance sales agent is an individual who helps an insurance company generate new business by contacting customers and selling one or more types of insurance. Insurance sales agents conduct interviews of prospective clients to get data about their financial resources and explain the features of the various insurance policies. They analyze the clients' existing insurance policies and customize insurance programs to suit their needs. Insurance sales agents also do other administrative tasks, such as keeping records and handling policy renewals.

Agent vs insurance sales agent salary

Agents and insurance sales agents have different pay scales, as shown below.

AgentInsurance Sales Agent
Average salary$37,864$49,587
Salary rangeBetween $19,000 And $72,000Between $30,000 And $80,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkHawaii
Best paying companyLatham & WatkinsTorchmark
Best paying industry-Finance

Differences between agent and insurance sales agent education

There are a few differences between an agent and an insurance sales agent in terms of educational background:

AgentInsurance Sales Agent
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 51%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Agent vs insurance sales agent demographics

Here are the differences between agents' and insurance sales agents' demographics:

AgentInsurance Sales Agent
Average age4646
Gender ratioMale, 50.5% Female, 49.5%Male, 51.5% Female, 48.5%
Race ratioBlack or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between agent and insurance sales agent duties and responsibilities

Agent example responsibilities.

  • Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
  • Verify documentation and coding using CPT and ICD-9 correct coding standards.
  • Assist TANF customers with obtaining employment.
  • Direct compliance with all CPT and Medicare guidelines.
  • Train BDC representatives on phone skills and CRM use.
  • Bill appropriate ICD-9 codes to the correct insurance companies.
  • Show more

Insurance sales agent example responsibilities.

  • Train and manage employees and achieve significant improvements in their productivity & maintain sales go9als consistently.
  • Used consultative upselling techniques to provide leads
  • Calculate rates and premiums for fire, casualty insurance, automobile, homeowners, and other specialize insurance policies.
  • License property and casualty insurance agent and office manager.
  • Market property and casualty insurance to potential clients while assisting policyholders with coverage and claims.
  • Follow strict HIPPA regulations while dealing with delicate information.
  • Show more

Agent vs insurance sales agent skills

Common agent skills
  • Insurance Products, 11%
  • Customer Service, 10%
  • Life Insurance, 8%
  • HR, 6%
  • Inbound Calls, 6%
  • Financial Services, 6%
Common insurance sales agent skills
  • Customer Service, 16%
  • Casualty Insurance, 14%
  • Work Ethic, 11%
  • Insurance Coverage, 8%
  • AAA, 8%
  • Develop Leads, 5%