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The differences between commercial lines account managers and insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial lines account manager has an average salary of $57,372, which is higher than the $51,936 average annual salary of an insurance agent.
The top three skills for a commercial lines account manager include customer service, management system and cancellations. The most important skills for an insurance agent are customer service, insurance sales, and health insurance.
| Commercial Lines Account Manager | Insurance Agent | |
| Yearly salary | $57,372 | $51,936 |
| Hourly rate | $27.58 | $24.97 |
| Growth rate | 6% | 6% |
| Number of jobs | 84,354 | 67,977 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 53% |
| Average age | 46 | 46 |
| Years of experience | - | - |
A commercial lines account manager is an individual who provides quality service to clients as well as act as the daily liaison between insurance company, agent, and their clients. Commercial lines account managers are required to address various coverage issues and handle inside service work that is associated with the client's account. They must assist their clients in making appropriate coverage changes and educate them about coverage, exclusions, and exposures. Commercial lines account managers must also set up finance contracts with PFS and help negotiate rates if applicable.
An insurance agent is responsible for inviting potential clients to the insurance company by offering different insurance services. Insurance agents must have a comprehensive knowledge of insurance types to provide the clients with the best insurance option in the market. The insurance agents should evaluate a client's long-term needs and financial goals to create individual packages as the insurance company allowed. An insurance agent also handles policy renewals and keeps customers' insurance files for reference.
Commercial lines account managers and insurance agents have different pay scales, as shown below.
| Commercial Lines Account Manager | Insurance Agent | |
| Average salary | $57,372 | $51,936 |
| Salary range | Between $44,000 And $74,000 | Between $30,000 And $88,000 |
| Highest paying City | Bothell, WA | New York, NY |
| Highest paying state | Washington | Hawaii |
| Best paying company | UBS | Z Capital Group |
| Best paying industry | Start-up | Finance |
There are a few differences between a commercial lines account manager and an insurance agent in terms of educational background:
| Commercial Lines Account Manager | Insurance Agent | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial lines account managers' and insurance agents' demographics:
| Commercial Lines Account Manager | Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.8% Female, 87.2% | Male, 51.6% Female, 48.4% |
| Race ratio | Black or African American, 9.3% 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, 9.3% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |