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Insurance agent vs producer

The differences between insurance agents and producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a producer has an average salary of $72,202, which is higher than the $51,936 average annual salary of an insurance agent.

The top three skills for an insurance agent include customer service, insurance sales and health insurance. The most important skills for a producer are work ethic, video production, and client relationships.

Insurance agent vs producer overview

Insurance AgentProducer
Yearly salary$51,936$72,202
Hourly rate$24.97$34.71
Growth rate6%8%
Number of jobs67,97710,610
Job satisfaction5-
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 79%
Average age4640
Years of experience-12

What does an insurance agent do?

An insurance agent is responsible for inviting potential clients to the insurance company by offering different insurance services. Insurance agents must have a comprehensive knowledge of insurance types to provide the clients with the best insurance option in the market. The insurance agents should evaluate a client's long-term needs and financial goals to create individual packages as the insurance company allowed. An insurance agent also handles policy renewals and keeps customers' insurance files for reference.

What does a producer do?

A producer is an individual who is responsible for providing infrastructure, resources, and logistics in making a movie, television show, or stage production. Producers hire production staff such as director, crew, and sometimes actors to coordinate their activities throughout the production process. They support the creative team by conducting meetings to discuss the production's progress and ensure adherence to deadlines. Producers also travel often either to film on location for a movie or to tour with a theatre production.

Insurance agent vs producer salary

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

Insurance AgentProducer
Average salary$51,936$72,202
Salary rangeBetween $30,000 And $88,000Between $43,000 And $120,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateHawaiiNevada
Best paying companyZ Capital GroupMeta
Best paying industryFinance-

Differences between insurance agent and producer education

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

Insurance AgentProducer
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 79%
Most common majorBusinessCommunication
Most common collegeUniversity of PennsylvaniaHarvard University

Insurance agent vs producer demographics

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

Insurance AgentProducer
Average age4640
Gender ratioMale, 51.6% Female, 48.4%Male, 58.2% Female, 41.8%
Race ratioBlack 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%Black or African American, 7.8% Unknown, 5.6% Hispanic or Latino, 14.4% Asian, 6.3% White, 65.7% American Indian and Alaska Native, 0.2%
LGBT Percentage7%14%

Differences between insurance agent and producer duties and responsibilities

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

Producer example responsibilities.

  • Manage and augment existing budget with EP.
  • Manage production of a Sony HD motion graphics internal sales video.
  • Manage all union matters including, IASTE, DGA and AFTRA.
  • Prospect and generate new business through telemarketing leads, referrals, networking and cold leads.
  • Lead the creation of key titles including high profile X360 launch title and new NFL brand IP.
  • Manage and guide guest bloggers through the editing process, copy edit blogs and produce content in HTML.
  • Show more

Insurance agent vs producer skills

Common insurance agent skills
  • Customer Service, 25%
  • Insurance Sales, 8%
  • Health Insurance, 6%
  • Life Insurance Products, 6%
  • Financial Resources, 6%
  • Auto Insurance, 5%
Common producer skills
  • Work Ethic, 9%
  • Video Production, 6%
  • Client Relationships, 6%
  • Project Management, 6%
  • Cross-Selling, 6%
  • News Stories, 4%