Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between commercial lines account managers and insurance sales 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 $49,587 average annual salary of an insurance sales 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 sales agent are customer service, casualty insurance, and work ethic.
| Commercial Lines Account Manager | Insurance Sales Agent | |
| Yearly salary | $57,372 | $49,587 |
| Hourly rate | $27.58 | $23.84 |
| Growth rate | 6% | 6% |
| Number of jobs | 84,354 | 73,485 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 51% |
| 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 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.
Commercial lines account managers and insurance sales agents have different pay scales, as shown below.
| Commercial Lines Account Manager | Insurance Sales Agent | |
| Average salary | $57,372 | $49,587 |
| Salary range | Between $44,000 And $74,000 | Between $30,000 And $80,000 |
| Highest paying City | Bothell, WA | New York, NY |
| Highest paying state | Washington | Hawaii |
| Best paying company | UBS | Torchmark |
| Best paying industry | Start-up | Finance |
There are a few differences between a commercial lines account manager and an insurance sales agent in terms of educational background:
| Commercial Lines Account Manager | Insurance Sales Agent | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 51% |
| 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 sales agents' demographics:
| Commercial Lines Account Manager | Insurance Sales Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.8% Female, 87.2% | Male, 51.5% Female, 48.5% |
| 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, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |