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The differences between insurance consultants and insurance producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance consultant has an average salary of $68,670, which is higher than the $65,112 average annual salary of an insurance producer.
The top three skills for an insurance consultant include insurance products, powerpoint and term care. The most important skills for an insurance producer are casualty insurance, customer service, and develop leads.
| Insurance Consultant | Insurance Producer | |
| Yearly salary | $68,670 | $65,112 |
| Hourly rate | $33.01 | $31.30 |
| Growth rate | 6% | 6% |
| Number of jobs | 42,383 | 44,922 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 53% |
| Average age | 46 | 46 |
| Years of experience | - | - |
An insurance consultant works at insurance companies where they are primarily in charge of reviewing and assessing client requirements to match them with the insurance package that fits their needs and financial capabilities. It is also their responsibility to verify client information, conduct research and analyses, perform risk assessments, issue insurance quotations, and process insurance claims. An insurance consultant also assists clients by answering inquiries, helping them understand every procedure, recommending options, and solving issues and concerns should there be any.
An insurance producer is responsible for selling and buying financial services and products for an insurance company. They negotiate issues regarding health, life insurance, and other properties. Also, an insurance producer maintains a good relationship between clients and prospective clients by offering the best insurance service and ensuring that all the policies and guidelines are fully followed.
Insurance consultants and insurance producers have different pay scales, as shown below.
| Insurance Consultant | Insurance Producer | |
| Average salary | $68,670 | $65,112 |
| Salary range | Between $44,000 And $105,000 | Between $45,000 And $93,000 |
| Highest paying City | Seattle, WA | Madison, WI |
| Highest paying state | Washington | Wisconsin |
| Best paying company | AIG | Dahl Consulting |
| Best paying industry | Media | Real Estate |
There are a few differences between an insurance consultant and an insurance producer in terms of educational background:
| Insurance Consultant | Insurance Producer | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance consultants' and insurance producers' demographics:
| Insurance Consultant | Insurance Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.4% Female, 45.6% | Male, 51.9% Female, 48.1% |
| Race ratio | 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% | Black or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |