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Agent vs private contractor

The differences between agents and private contractors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a private contractor has an average salary of $45,674, 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 a private contractor are windows, snow removal, and RAN.

Agent vs private contractor overview

AgentPrivate Contractor
Yearly salary$37,864$45,674
Hourly rate$18.20$21.96
Growth rate6%8%
Number of jobs184,32513,902
Job satisfaction2-
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 41%
Average age4646
Years of experience--

Agent vs private contractor salary

Agents and private contractors have different pay scales, as shown below.

AgentPrivate Contractor
Average salary$37,864$45,674
Salary rangeBetween $19,000 And $72,000Between $27,000 And $76,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyLatham & Watkins-
Best paying industry--

Differences between agent and private contractor education

There are a few differences between an agent and a private contractor in terms of educational background:

AgentPrivate Contractor
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 41%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Agent vs private contractor demographics

Here are the differences between agents' and private contractors' demographics:

AgentPrivate Contractor
Average age4646
Gender ratioMale, 50.5% Female, 49.5%Male, 73.7% Female, 26.3%
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, 5.9% Unknown, 3.9% Hispanic or Latino, 20.0% Asian, 1.5% White, 67.6% American Indian and Alaska Native, 1.1%
LGBT Percentage7%2%

Differences between agent and private contractor 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

Private contractor example responsibilities.

  • Enter and manage data for timberline for JC/AP/AR for multiple companies.
  • Manage, oversee and troubleshoot production schedules, critical orders and product development.
  • Utilize QuickBooks to manage company finances, including project invoices, material purchases, and accounts receivable.
  • Manage and decide all remodel activities.
  • Prepare and submit EHR data require for third party, Medicare, and Medicaid compliance audits.
  • Apply coats of paint, varnish, stain, enamel and lacquer to decorate and protect interior and exterior surfaces.
  • Show more

Agent vs private contractor skills

Common agent skills
  • Insurance Products, 11%
  • Customer Service, 10%
  • Life Insurance, 8%
  • HR, 6%
  • Inbound Calls, 6%
  • Financial Services, 6%
Common private contractor skills
  • Windows, 36%
  • Snow Removal, 16%
  • RAN, 8%
  • Manual Labor, 6%
  • Troubleshoot, 6%
  • HVAC, 6%