Insurance agent demographics and statistics in the US
Insurance agent demographics research summary. Zippia estimates insurance agent demographics and statistics in the United States by using a database of 30 million profiles. Our insurance agent estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about insurance agents after extensive research and analysis:
- There are over 194,144 insurance agents currently employed in the United States.
- 48.4% of all insurance agents are women, while 51.6% are men.
- The average insurance agent age is 46 years old.
- The most common ethnicity of insurance agents is White (66.4%), followed by Hispanic or Latino (15.8%), Black or African American (9.3%) and Asian (4.9%).
- Insurance agents are most in-demand in Phoenix, AZ.
- The finance industry is the highest-paying for insurance agents.
- 7% of all insurance agents are LGBT.
On this page
Insurance agent demographics by:
Insurance agent gender statistics
48.4% of insurance agents are women and 51.6% of insurance agents are men.
- Male, 51.6%
- Female, 48.4%
Insurance agent gender ratio
| Gender | Percentages |
|---|---|
| Male | 51.6% |
| Female | 48.4% |
Insurance agent gender pay gap
Women earn 90¢ for every $1 earned by men
Male income
$52,586
Female income
$47,400
Insurance agent gender ratio over time
This data breaks down the percentage of men and women in insurance agent positions over time. Currently, 48.4% of insurance agents are female.
Insurance agent gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 54.26% | 45.74% |
| 2011 | 54.47% | 45.53% |
| 2012 | 52.41% | 47.59% |
| 2013 | 55.59% | 44.41% |
| 2014 | 52.99% | 47.01% |
| 2015 | 54.53% | 45.47% |
| 2016 | 53.70% | 46.30% |
| 2017 | 53.73% | 46.27% |
| 2018 | 53.29% | 46.71% |
| 2019 | 51.53% | 48.47% |
| 2020 | 50.20% | 49.80% |
| 2021 | 51.63% | 48.37% |
Insurance agent related jobs gender ratio
We compared insurance agents with similar job titles to see how gender ratios vary. As you can see, proprietary trader and floor trader have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Insurance Follow Up Representative | 11% | 89% |
| Insurance Verification Specialist | 11% | 89% |
| Commercial Lines Account Manager | 13% | 87% |
| Insurance Agent | 52% | 48% |
| Futures Trader | 94% | 6% |
| Floor Trader | 95% | 5% |
| Proprietary Trader | 96% | 4% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Insurance agent demographics by race
The most common ethnicity among insurance agents is White, which makes up 66.4% of all insurance agents. Comparatively, 15.8% of insurance agents are Hispanic or Latino and 9.3% of insurance agents are Black or African American.
- White, 66.4%
- Hispanic or Latino, 15.8%
- Black or African American, 9.3%
- Asian, 4.9%
- Unknown, 3.6%
- American Indian and Alaska Native, 0.0%
Insurance agent race
| Insurance agent race | Percentages |
|---|---|
| White | 66.4% |
| Hispanic or Latino | 15.8% |
| Black or African American | 9.3% |
| Asian | 4.9% |
| Unknown | 3.6% |
| American Indian and Alaska Native | 0.0% |
Insurance agent race and ethnicity over time
See how insurance agent racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Insurance agent race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.83% | 7.86% | 3.81% | 12.30% |
| 2011 | 74.39% | 7.85% | 3.92% | 12.58% |
| 2012 | 73.49% | 8.24% | 4.06% | 12.55% |
| 2013 | 72.61% | 8.86% | 4.16% | 12.69% |
| 2014 | 72.04% | 8.46% | 4.17% | 13.69% |
| 2015 | 70.37% | 9.27% | 4.00% | 14.55% |
| 2016 | 71.33% | 8.88% | 4.05% | 13.67% |
| 2017 | 70.01% | 9.15% | 4.61% | 14.30% |
| 2018 | 70.89% | 7.90% | 4.52% | 14.83% |
| 2019 | 69.56% | 8.57% | 4.32% | 15.82% |
| 2020 | 67.81% | 7.67% | 4.94% | 15.55% |
| 2021 | 66.37% | 9.26% | 4.86% | 15.81% |
Insurance agent wage gap by race
According to our data, white insurance agents have the highest average salary compared to other ethnicities. Black or african american insurance agents have the lowest average salary at $48,924.
| Ethnicity | Salary |
|---|---|
| Unknown | $53,058 |
| White | $55,921 |
| Black or African American | $48,924 |
| Asian | $53,546 |
| Hispanic or Latino | $51,734 |
Average insurance agent age
See how the average age of insurance agents varies based on ethnicity and gender.
Male
Female
Insurance agent age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 44 | 42 |
| White | 47 | 49 |
| Black or African American | 46 | 46.5 |
| Asian | 46 | 41 |
| Hispanic or Latino | 41 | 39 |
Insurance agent age breakdown
The average age of insurance agents is 40+ years years old, representing 66% of the insurance agent population.
Insurance agent age breakdown
| Insurance Agent Years | Percentages |
|---|---|
| 40+ years | 66% |
| 30-40 years | 23% |
| 20-30 years | 11% |
Insurance agent educational attainment
The most common degree for insurance agents is bachelor's degree, with 53% of insurance agents earning that degree. The second and third most common degree levels are associate degree degree at 20% and associate degree degree at 14%.
- Bachelor's, 53%
- Associate, 20%
- High School Diploma, 14%
- Master's, 6%
- Other Degrees, 7%
Insurance agents by degree level
| Insurance agent degree | Percentages |
|---|---|
| Bachelor's | 53% |
| Associate | 20% |
| High School Diploma | 14% |
| Master's | 6% |
| Other Degrees | 7% |
Insurance agent jobs you might like
Insurance agent wage gap by degree level
According to the data, insurance agents with a Bachelor's degree earn more than those without, at $60,476 annually. With a Master's degree, insurance agents earn a median annual income of $60,322 compared to $55,789 for insurance agents with an Doctorate degree.
| Education | Salary |
|---|---|
| Master's Degree | $60,322 |
| High School Diploma or Less | $47,380 |
| Bachelor's Degree | $60,476 |
| Doctorate Degree | $55,789 |
| Some College/ Associate Degree | $47,180 |
Insurance agent employment statistics
Most insurance agents work for a private in the insurance industry.
Company size where insurance agents work
Below, you can see the size of companies where insurance agents work.
Insurance agent jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 8% |
| 50 - 100 employees | 20% |
| 100 - 500 employees | 18% |
| 500 - 1,000 employees | 11% |
| 1,000 - 10,000 employees | 26% |
| > 10,000 employees | 16% |
Insurance agent jobs by company type
Employees with the insurance agent job title have their preferences when it comes to working for a company. For instance, most insurance agents prefer to work at private companies over public companies.
Insurance agent jobs by sector
| Company type | Percentages |
|---|---|
| Education | 0% |
| Public | 19% |
| Private | 78% |
| Government | 2% |
Insurance agent jobs by industry
The most common industries for insurance agents are insurance, finance and professional.
Insurance agent industry statistics
| Industry | Percentages |
|---|---|
| Insurance | 43% |
| Finance | 11% |
| Fortune 500 | 10% |
| Professional | 8% |
| Health Care | 4% |
| Technology | 4% |
| Media | 2% |
| Hospitality | 2% |
| Government | 2% |
| Construction | 2% |
| Manufacturing | 2% |
| Start-up | 2% |
| Internet | 1% |
| Automotive | 1% |
| Retail | 1% |
| Telecommunication | 1% |
| Non Profits | 1% |
| Real Estate | 1% |
| Agriculture | 1% |
| Energy | 1% |
Insurance agent turnover and employment statistics
Insurance agent unemployment rate over time
The unemployment rate for insurance agents between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Insurance agent unemployment rate by year
| Year | Insurance agent unemployment rate |
|---|---|
| 2010 | 5.09% |
| 2011 | 4.31% |
| 2012 | 4.18% |
| 2013 | 3.95% |
| 2014 | 3.23% |
| 2015 | 2.63% |
| 2016 | 2.47% |
| 2017 | 2.35% |
| 2018 | 1.88% |
| 2019 | 2.06% |
| 2020 | 3.05% |
| 2021 | 3.58% |
Average insurance agent tenure
The average insurance agent stays at their job for 1-2 years, based on the 46,363 insurance agents resumes in Zippia's database.
Insurance agent tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 28% |
| 1-2 years | 31% |
| 3-4 years | 12% |
| 5-7 years | 15% |
| 8-10 years | 6% |
| 11+ years | 8% |
Insurance agent LGBT ratio compared to similar jobs
Review the percent of insurance agents that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Senior Account Executive/Team Leader | 5.13% | 167,878 |
| Personal Banker | 5.67% | 36,603 |
| Insurance Agent | 6.79% | - |
| Media Sales Consultant | 9.53% | 143,671 |
| Traveling Representative | 17.39% | 50,378 |
Similar insurance agent jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Senior Account Executive/Team Leader | 5.13% | 167,878 |
| Personal Banker | 5.67% | 36,603 |
| Media Sales Consultant | 9.53% | 143,671 |
| Traveling Representative | 17.39% | 50,378 |
Foreign languages spoken by insurance agents
The most common foreign language among insurance agents is Spanish at 71.4%. The second-most popular foreign language spoken is French at 6.4% and Portuguese is the third-most popular at 3.2%.
- Spanish, 71.4%
- French, 6.4%
- Portuguese, 3.2%
- German, 2.4%
- Arabic, 1.9%
- Other, 14.7%
Insurance agent languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 71.4% |
| French | 6.4% |
| Portuguese | 3.2% |
| German | 2.4% |
| Arabic | 1.9% |
| Other | 14.7% |
