Insurance adjuster vs agent

The differences between insurance adjusters and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance adjuster has an average salary of $57,315, which is higher than the $37,864 average annual salary of an agent.

The top three skills for an insurance adjuster include insurance policies, customer service and liability claims. The most important skills for an agent are insurance products, customer service, and life insurance.

Insurance adjuster vs agent overview

	Insurance Adjuster	Agent
Yearly salary	$57,315	$37,864
Hourly rate	$27.56	$18.20
Growth rate	-6%	6%
Number of jobs	44,837	184,325
Job satisfaction	3	2
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 44%
Average age	44	46
Years of experience	4	-

Insurance adjuster vs agent salary

Insurance adjusters and agents have different pay scales, as shown below.

	Insurance Adjuster	Agent
Average salary	$57,315	$37,864
Salary range	Between $40,000 And $80,000	Between $19,000 And $72,000
Highest paying City	Hagerstown, MD	New York, NY
Highest paying state	New Jersey	New York
Best paying company	Cunningham Lindsey	Latham & Watkins
Best paying industry	Insurance	-

Differences between insurance adjuster and agent education

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

	Insurance Adjuster	Agent
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Insurance adjuster vs agent demographics

Here are the differences between insurance adjusters' and agents' demographics:

	Insurance Adjuster	Agent
Average age	44	46
Gender ratio	Male, 66.6% Female, 33.4%	Male, 50.5% Female, 49.5%
Race ratio	Black or African American, 13.0% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 60.8% American Indian and Alaska Native, 0.5%	Black 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%
LGBT Percentage	10%	7%

Differences between insurance adjuster and agent duties and responsibilities

Insurance adjuster example responsibilities.

Achieve targeted performance goals in every aspect to manage costs and support Allstate's industry-leading operational standards.
Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
Train in Xactimate estimation and sketch programs.
Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
Skil in complex arbitration and mediation negotiations.
Recommend files for arbitration or litigation base on evidence available and inability to compromise with adverse party.

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.

Insurance adjuster vs agent skills

Common insurance adjuster skills

Insurance Policies, 15%
Customer Service, 15%
Liability Claims, 9%
Auto Claims, 7%
Catastrophe Claims, 5%
Public Adjusters, 4%

Common agent skills

Insurance Products, 11%
Customer Service, 10%
Life Insurance, 8%
HR, 6%
Inbound Calls, 6%
Financial Services, 6%