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Commercial lines insurance agent vs insurance agent

The differences between commercial lines insurance agents and insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial lines insurance agent has an average salary of $55,459, which is higher than the $51,936 average annual salary of an insurance agent.

The top three skills for a commercial lines insurance agent include insurance carriers, insurance products and insurance quotes. The most important skills for an insurance agent are customer service, insurance sales, and health insurance.

Commercial lines insurance agent vs insurance agent overview

Commercial Lines Insurance AgentInsurance Agent
Yearly salary$55,459$51,936
Hourly rate$26.66$24.97
Growth rate6%6%
Number of jobs84,53967,977
Job satisfaction-5
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 53%
Average age4646
Years of experience--

Commercial lines insurance agent vs insurance agent salary

Commercial lines insurance agents and insurance agents have different pay scales, as shown below.

Commercial Lines Insurance AgentInsurance Agent
Average salary$55,459$51,936
Salary rangeBetween $35,000 And $87,000Between $30,000 And $88,000
Highest paying City-New York, NY
Highest paying state-Hawaii
Best paying company-Z Capital Group
Best paying industry-Finance

Differences between commercial lines insurance agent and insurance agent education

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

Commercial Lines Insurance AgentInsurance Agent
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial lines insurance agent vs insurance agent demographics

Here are the differences between commercial lines insurance agents' and insurance agents' demographics:

Commercial Lines Insurance AgentInsurance Agent
Average age4646
Gender ratioMale, 33.6% Female, 66.4%Male, 51.6% Female, 48.4%
Race ratioBlack or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.4% Asian, 4.1% White, 66.3% 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 Percentage7%7%

Differences between commercial lines insurance agent and insurance agent duties and responsibilities

Commercial lines insurance agent example responsibilities.

  • Work with people in retirement helping manage their health and life insurance, also help structure their 401k's into annuities.
  • Provide unparallele brokerage services, specifically focusing on a thorough analysis of business risk and comprehensive options for clients.
  • Act as a retention specialist for Cigna Healthspring during AEP.

Insurance agent example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Maintain personal and confidential Medicare & Medicaid customer information following all HIPAA.
  • Follow all applicable HIPPA and privacy regulations.
  • Explain medical plans to Medicare / Medicaid eligible clients to ensure best fit.
  • Identify and solicit sales prospects in agency database and in the general marketplace.
  • Develop productive business relationships with key marketplace players by identifying the right products and services.
  • Show more

Commercial lines insurance agent vs insurance agent skills

Common commercial lines insurance agent skills
  • Insurance Carriers, 30%
  • Insurance Products, 26%
  • Insurance Quotes, 13%
  • Insurance Policies, 6%
  • Professional Customer Service, 6%
  • AMS, 5%
Common insurance agent skills
  • Customer Service, 25%
  • Insurance Sales, 8%
  • Health Insurance, 6%
  • Life Insurance Products, 6%
  • Financial Resources, 6%
  • Auto Insurance, 5%