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The differences between insurance brokers and lead 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 $47,344 average annual salary of a lead agent.
The top three skills for an insurance broker include customer service, life insurance products and lead generation. The most important skills for a lead agent are inbound calls, customer care, and customer service.
| Insurance Broker | Lead Agent | |
| Yearly salary | $94,006 | $47,344 |
| Hourly rate | $45.20 | $22.76 |
| Growth rate | 6% | 6% |
| Number of jobs | 38,403 | 56,112 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 41% |
| 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.
Lead agents assist with passenger-cargo acceptance and check-in and promote and sell air travel tickets to freight forwarders or the traveling public. Besides promoting safe travel and protecting the firm revenue and property, lead agents also assist distressed traveling customers. Also, lead agents interpret government rules to be observed for travel and cargo shipments. These professionals meet and dispatch aircraft within the required times and use their motor skills to complete related tasks.
Insurance brokers and lead agents have different pay scales, as shown below.
| Insurance Broker | Lead Agent | |
| Average salary | $94,006 | $47,344 |
| Salary range | Between $62,000 And $141,000 | Between $26,000 And $85,000 |
| Highest paying City | Birmingham, AL | - |
| Highest paying state | Washington | - |
| Best paying company | Liberty Mutual Insurance | - |
| Best paying industry | Insurance | - |
There are a few differences between an insurance broker and a lead agent in terms of educational background:
| Insurance Broker | Lead Agent | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 41% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance brokers' and lead agents' demographics:
| Insurance Broker | Lead Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.5% Female, 37.5% | Male, 54.8% Female, 45.2% |
| 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, 9.4% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |