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The differences between insurance agents and sales producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance agent has an average salary of $51,936, which is higher than the $51,287 average annual salary of a sales producer.
The top three skills for an insurance agent include customer service, insurance sales and health insurance. The most important skills for a sales producer are insurance products, strong work ethic, and business relationships.
| Insurance Agent | Sales Producer | |
| Yearly salary | $51,936 | $51,287 |
| Hourly rate | $24.97 | $24.66 |
| Growth rate | 6% | 6% |
| Number of jobs | 67,977 | 41,951 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 60% |
| Average age | 46 | 46 |
| Years of experience | - | - |
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.
A sales producer is responsible for performing sales calls and administering all leads. You will be responsible for preparing the policies aimed at sales procedures and developing the necessary sales documents. Other responsibilities include making sure that all sales personnel adhere to all policies and procedures, coordinating with customers about policy expiration dates, and maintaining strong and long-lasting relationships with customers. As a sales producer, you will be responsible for managing prospective sale campaigns and managing all correspondence with both prospective and existing clients.
Insurance agents and sales producers have different pay scales, as shown below.
| Insurance Agent | Sales Producer | |
| Average salary | $51,936 | $51,287 |
| Salary range | Between $30,000 And $88,000 | Between $24,000 And $107,000 |
| Highest paying City | New York, NY | Arlington, MA |
| Highest paying state | Hawaii | Massachusetts |
| Best paying company | Z Capital Group | Cochrane & Company |
| Best paying industry | Finance | - |
There are a few differences between an insurance agent and a sales producer in terms of educational background:
| Insurance Agent | Sales Producer | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance agents' and sales producers' demographics:
| Insurance Agent | Sales Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 51.6% Female, 48.4% | Male, 53.2% Female, 46.8% |
| Race ratio | Black 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, 9.5% Unknown, 3.6% Hispanic or Latino, 16.2% Asian, 4.9% White, 65.7% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |