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The differences between commercial lines insurance agents and insurance brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance broker has an average salary of $94,006, which is higher than the $55,459 average annual salary of a commercial lines 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 broker are customer service, life insurance products, and lead generation.
| Commercial Lines Insurance Agent | Insurance Broker | |
| Yearly salary | $55,459 | $94,006 |
| Hourly rate | $26.66 | $45.20 |
| Growth rate | 6% | 6% |
| Number of jobs | 84,539 | 38,403 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Commercial lines insurance agents and insurance brokers have different pay scales, as shown below.
| Commercial Lines Insurance Agent | Insurance Broker | |
| Average salary | $55,459 | $94,006 |
| Salary range | Between $35,000 And $87,000 | Between $62,000 And $141,000 |
| Highest paying City | - | Birmingham, AL |
| Highest paying state | - | Washington |
| Best paying company | - | Liberty Mutual Insurance |
| Best paying industry | - | Insurance |
There are a few differences between a commercial lines insurance agent and an insurance broker in terms of educational background:
| Commercial Lines Insurance Agent | Insurance Broker | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial lines insurance agents' and insurance brokers' demographics:
| Commercial Lines Insurance Agent | Insurance Broker | |
| Average age | 46 | 46 |
| Gender ratio | Male, 33.6% Female, 66.4% | Male, 62.5% Female, 37.5% |
| Race ratio | Black 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, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |