Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for insurance agents in the United States. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:
- 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 age of an employed insurance agent 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.
Insurance Agent Statistics By Gender
48.4% of insurance agents are women and 51.6% of insurance agents are men.
- Male, 51.6%
- Female, 48.4%
Insurance Agents By Gender
| Gender | Percentages |
|---|---|
| Male | 51.6% |
| Female | 48.4% |
Gender Pay Gap For Insurance Agent
Women Earn 90ยข For Every $1 Earned By Men
Insurance Agent Gender Over Time
This data shows how men and women predominate in the insurance agent position over time.
Insurance Agent Gender 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 Male to Female Ratio
We compared this job title with other job titles to see how gender percentages varied. As you can see, proprietary trader and floor trader have the biggest difference in gender.
| 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% |
Insurance Agent Statistics By Race
The most common ethnicity among insurance agents is White, which makes up 66.4% of all insurance agents. Comparatively, there are 15.8% of the Hispanic or Latino ethnicity and 9.3% of the Black or African American ethnicity.
- 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
Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010-2019 among insurance agents.
- White
- Asian
- Hispanic or Latino
- Black or African American
Insurance Agent Race 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
| Ethnicity | Salary |
|---|---|
| Unknown | $53,058 |
| White | $55,921 |
| Black or African American | $48,924 |
| Asian | $53,546 |
| Hispanic or Latino | $51,734 |
Average Age of an Insurance Agent
We determined the average age of insurance agents based on ethnicity and gender.
Insurance Agent Age By Race
| 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
This chart breaks down the ages of insurance agent employees. Interestingly enough, the average age of insurance agents is 40+ years old, which represents 66% of the population.
Insurance Agent Age
| Insurance Agent Years | Percentages |
|---|---|
| 40+ years | 66% |
| 30-40 years | 23% |
| 20-30 years | 11% |
Types of Insurance Agent Degree Levels
The most common degree for insurance agents is bachelor's degree 53% of insurance agents earn that degree. A close second is associate degree with 20% and rounding it off is high school diploma with 14%.
- Bachelors, 53%
- Associate, 20%
- High School Diploma, 14%
- Masters, 6%
- Other Degrees, 7%
Insurance Agents By Education
| Insurance Agent Degree | Percentages |
|---|---|
| Bachelors | 53% |
| Associate | 20% |
| High School Diploma | 14% |
| Masters | 6% |
| Other Degrees | 7% |
Insurance Agent Jobs You Might Like
Insurance Agent Wage Gap By Education
| Education | Salary |
|---|---|
| High School Diploma or Less | $47,380 |
| Master's Degree | $60,322 |
| Bachelor's Degree | $60,476 |
| Doctorate Degree | $55,789 |
| Some College/ Associate Degree | $47,180 |
Insurance Agent Employment Statistics
This section highlights information about where insurance agents work. We found most insurance agents work for a private company. In addition, the industry that employs the most insurance agents is the insurance industry.
Company Size
We created this chart to show you the average size of companies that typically hire insurance agents.
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% |
The Types Of Companies Insurance Agent Work In
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% |
Top Industries Hiring Insurance Agents
Just based on the number of employees within each industry, we were able to determine the most common industries that employ insurance agents. Those industries include 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 Bureau of Labor Statistics came in clutch when it came down to figuring out how the unemployment rate has changed over time. Between 2008 and 2018, this is how the number of insurance agents changed.
- Unemployment rate
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% |
The Average Number of Years That Insurance Agent Stay in a Job
By looking over 46,363 insurance agents resumes, we figured out that the average insurance agent enjoys staying at their job for 1-2 years for a percentage of 31%.
Insurance Agent Tenure
| Number or 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% |
Comparing The LGBT Ratio of Insurance Agents with Other Job Titles
After finding the gender ratio, we wondered if the percentages of LGBT persons were different as well. Using the data below, you can see how other job titles compare to insurance agents.
| 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 |
Insurance Agent 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% |
