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The differences between insurance brokers and field agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance broker has an average salary of $94,006, which is higher than the $37,324 average annual salary of a field agent.
The top three skills for an insurance broker include customer service, life insurance products and lead generation. The most important skills for a field agent are GPS, long-term care, and health insurance.
| Insurance Broker | Field Agent | |
| Yearly salary | $94,006 | $37,324 |
| Hourly rate | $45.20 | $17.94 |
| Growth rate | 6% | 6% |
| Number of jobs | 38,403 | 96,067 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 52% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Insurance brokers are responsible for assisting clients to determine their liability risks and in selecting the appropriate policies for their family, home, business, or automobile to ensure their protection. They direct clients in creating a sound decision and supply them with a variety of quotes that best suit their needs. Their duties include demonstrating the benefits, terms, conditions, and suspension for a number of participating insurance policies. Also, they may negotiate lesser rates for their clients and continue in guiding these clients in technical issues like filing a claim or changing their insurance coverage.
Field agents are the ones who work and do their job not inside the four corners of the office; instead, they do the assigned task outside. They often are expected to have good communication skills so that they can get a response from the most unwilling person in the area. Besides, they must also possess good character traits and professionalism to effectively address higher-up's concerns. As the man on the field, they provide customer support more effectively.
Insurance brokers and field agents have different pay scales, as shown below.
| Insurance Broker | Field Agent | |
| Average salary | $94,006 | $37,324 |
| Salary range | Between $62,000 And $141,000 | Between $27,000 And $51,000 |
| Highest paying City | Birmingham, AL | Boston, MA |
| Highest paying state | Washington | Alaska |
| Best paying company | Liberty Mutual Insurance | Smith Seckman Reid |
| Best paying industry | Insurance | Finance |
There are a few differences between an insurance broker and a field agent in terms of educational background:
| Insurance Broker | Field Agent | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance brokers' and field agents' demographics:
| Insurance Broker | Field Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.5% Female, 37.5% | Male, 66.0% Female, 34.0% |
| Race ratio | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1% | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.7% Asian, 4.8% White, 66.5% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |