Post Job

Insurance producers are responsible for implementing marketing strategies to develop a strong network of prospective clients. They develop leads and contact them via phone and face to face to market insurance products. They also service existing clients, conduct annual reviews, and seek opportunities to present products to enhance their insurance portfolios. Insurance producers earn an average salary of $46,000 annually or $22 per hour.


Insurance producers are true professionals who are passionate about what they do. They maintain knowledge on all commercial products, monitor all insurance policies from inception to closing, and generate demands for all products. They also assist in developing strategies to increase the prospective base for all clients and maintain knowledge of all new businesses. A great insurance producer needs to have excellent analytical and communication skills to succeed.


Insurance producers typically hold a bachelor's degree in business, accounting, finance, or other related fields. Although, some employers may accept a high school diploma or GED. They are expected to have past sales experience or any similar role. Some employers prefer candidates with an insurance license.

What Does an Insurance Producer Do

There are certain skills that many insurance producers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and initiative.

Learn more about what an Insurance Producer does

How To Become an Insurance Producer

If you're interested in becoming an insurance producer, one of the first things to consider is how much education you need. We've determined that 53.0% of insurance producers have a bachelor's degree. In terms of higher education levels, we found that 6.8% of insurance producers have master's degrees. Even though most insurance producers have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become an Insurance Producer

Career Path For an Insurance Producer

As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, an insurance producer can determine their career goals through the career progression. For example, they could start out with a role such as account executive, progress to a title such as account manager and then eventually end up with the title senior account manager.

Insurance Producer

Average Salary for an Insurance Producer

Insurance Producers in America make an average salary of $65,112 per year or $31 per hour. The top 10 percent makes over $93,000 per year, while the bottom 10 percent under $45,000 per year.
Average Insurance Producer Salary
$65,112 Yearly
$31.30 hourly

What Am I Worth?

salary-calculator

Roles and Types of Insurance Producer

The role of an insurance producer includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general insurance producer responsibilities:

  • Provide leadership to organize internal industry
  • To perform this job successfully, ind ividual must be able to perform the following duties: successfully engage in the process of offering, binding
  • Make sales calls to fresh leads

There are several types of insurance producer, including:

Agent

Role:

So long to the days of claiming you don't know where you want to go for lunch because, as an agent, you have a lot of decision-making power in your hands. Be prepared to use it.


Agents help clients by acting as their liasion. They negotiate terms of contracts, particularly on a financial level. The more money you make your client, the more money you'll be able to collect. So you'll want to work on your negotiation and persuasion skills.


Agents work in a variety of industries, so you can have your pick of opportunities. Some work in the entertainment industry, while others are in the financial scene. Wherever you end up, you'll most likely be working a full-time job. Although, some client meetings can be done outside of normal work hours. This means you might want to prepare yourself for some late nights.

  • Average Salary: $37,864
  • Degree: Bachelor's Degree

Insurance Agent

Role:

Well, insurance agents are salespeople, they have a very specific industry that they work in. Sometimes they may only sell one type of insurance, but many sell lots of different insurances. This includes car, rental and health.


While, you can get a job as an insurance agent with just a high school degree, many agents have a bachelor's degree. In addition, you need to be licensed in the state where you'll be working. But the learning doesn't stop there. Insurance agent learn a lot through their on-the-job training. Here's to learning something new every day!

  • Average Salary: $51,936
  • Degree: Bachelor's Degree

Producer

Role:

Producers work for the entertainment industry. They secure resources and coordinate logistical arrangements for the making of a film, television show, or theatre performance. They make sure production expenses do not go over the budget, that deliverables are ready on time, and the finished products meet the expectations of investors.


They are responsible for hiring staff, coordinating creative work, preparing and presenting funding applications, monitoring and approving post-production work, and performing managerial tasks such as scheduling, planning work phases, and taking care of the marketing of the completed product.


If you want to be a producer, you should start with a college education in film or theatre or cultural management. It is not obligatory, though. Being a producer is all about finding creative ways to get something done, and there is never one path that always works. Many actors, writers, or other creative people who are now producers just started working on their own personal projects and discovered the know-how along the way.

  • Average Salary: $72,202
  • Degree: Bachelor's Degree

States With The Most Insurance Producer Jobs

Mouse over a state to see the number of active insurance producer jobs in each state. The darker areas on the map show where insurance producers earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Insurance Producer Jobs By State

RankStateNumber of JobsAverage Salary
1California1,163$64,033
2Texas884$57,472
3Florida674$54,736
4New York523$76,448
5Illinois470$73,367
6Georgia414$57,484
7Tennessee352$61,624
8Pennsylvania348$57,906
9Ohio333$68,140
10Louisiana306$59,916
11Colorado297$60,629
12North Carolina291$50,665
13Michigan275$60,835
14Virginia265$61,327
15Alabama244$71,427
16Iowa240$54,062
17Arizona238$51,970
18Minnesota237$70,947
19Missouri223$56,420
20Washington219$70,101
21Mississippi208$54,948
22Wisconsin196$77,783
23South Carolina193$60,169
24Oregon192$70,748
25Indiana185$69,341
26Maryland177$63,912
27Massachusetts173$77,365
28New Jersey159$70,364
29Utah156$58,266
30Kentucky149$64,240
31Arkansas141$61,743
32Kansas130$64,988
33Oklahoma127$55,829
34Idaho126$58,737
35Nevada101$58,457
36Connecticut97$69,896
37Nebraska96$63,635
38New Mexico83$54,458
39South Dakota76$74,114
40West Virginia76$56,089
41Montana72$65,633
42Vermont66$66,751
43Delaware64$67,796
44Alaska63$76,654
45North Dakota56$71,398
46Hawaii55$58,799
47Maine54$67,568
48Rhode Island53$75,790
49Wyoming44$65,267
50New Hampshire42$76,996

Insurance Producer Education

Insurance Producer Majors

34.1 %
5.8 %

Insurance Producer Degrees

Bachelors

53.0 %

Associate

20.5 %

High School Diploma

11.0 %

Top Colleges for Insurance Producers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

2. Boston University

Boston, MA • Private

In-State Tuition

$53,948

Enrollment

17,238

3. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition

$14,760

Enrollment

31,451

4. Howard University

Washington, DC • Private

In-State Tuition

$26,756

Enrollment

6,166

5. SUNY College at Oswego

Oswego, NY • Private

In-State Tuition

$8,440

Enrollment

7,039

6. Stanford University

Stanford, CA • Private

In-State Tuition

$51,354

Enrollment

7,083

7. Baylor University

Waco, TX • Private

In-State Tuition

$45,542

Enrollment

14,159

8. University of Louisiana at Lafayette

Lafayette, LA • Private

In-State Tuition

$9,912

Enrollment

14,245

9. Ball State University

Muncie, IN • Private

In-State Tuition

$9,896

Enrollment

15,529

10. Butler University

Indianapolis, IN • Private

In-State Tuition

$41,120

Enrollment

4,553

Top Skills For an Insurance Producer

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 7.3% of insurance producers listed casualty insurance on their resume, but soft skills such as analytical skills and communication skills are important as well.

Choose From 10+ Customizable Insurance Producer Resume templates

Zippia allows you to choose from different easy-to-use Insurance Producer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Insurance Producer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume
Insurance Producer Resume

Insurance Producer diversity

Insurance Producer Gender Distribution

Male
Male
52%
Female
Female
48%

After extensive research and analysis, Zippia's data science team found that:

  • Among insurance producers, 48.1% of them are women, while 51.9% are men.

  • The most common race/ethnicity among insurance producers is White, which makes up 65.8% of all insurance producers.

  • The most common foreign language among insurance producers is Spanish at 53.5%.

Online Courses For Insurance Producer That You May Like

Advertising Disclosure  

1. Risk Management in Personal Finance

coursera

This course is primarily aimed at those who want to understand more about how they can protect their finances from unexpected events. Taught by a CERTIFIED FINANCIAL PLANNER™ Professional, this course covers the role insurance plays into your financial plan, including what kinds of insurance to explore, how to determine how much insurance you need, and how different kinds of insurance works. The course includes life insurance, health insurance, disability insurance, homeowners insurance,...

2. Fundamentals of Insurance - 2

udemy
4.4
(2,354)

Part 2...

3. Fundamentals of Insurance - 1

udemy
4.4
(4,062)

Part 1...

Show More Online Courses For Insurance Producer
Job type you want
Full Time
Part Time
Internship
Temporary

Best States For an Insurance Producer

Some places are better than others when it comes to starting a career as an insurance producer. The best states for people in this position are Wisconsin, Massachusetts, New Hampshire, and Alaska. Insurance producers make the most in Wisconsin with an average salary of $77,783. Whereas in Massachusetts and New Hampshire, they would average $77,365 and $76,996, respectively. While insurance producers would only make an average of $76,654 in Alaska, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. South Dakota

Total Insurance Producer Jobs: 76
Highest 10% Earn:
$102,000
Location Quotient:
1.77

2. Alaska

Total Insurance Producer Jobs: 63
Highest 10% Earn:
$97,000
Location Quotient:
1.88

3. Alabama

Total Insurance Producer Jobs: 244
Highest 10% Earn:
$102,000
Location Quotient:
1.37
Full List Of Best States For Insurance Producers

How Do Insurance Producers Rate Their Jobs?

Working as an Insurance Producer? Share your experience anonymously.
Overall Rating*
Career Growth
Work/Life balance
Pay/Salary

Top Insurance Producer Employers

Most Common Employers For Insurance Producer

RankCompanyAverage SalaryHourly RateJob Openings
1Combined Insurance$77,413$37.2224
2Mutual of Omaha$76,347$36.718
3New York Life Insurance$74,814$35.9715
4World Financial Group$72,513$34.8615
5American Family Insurance$70,401$33.8524
6American Income Life Insurance$69,757$33.54132
7National Agents Alliance$68,503$32.937
8Lincoln Heritage$68,105$32.747
9Horace Mann$64,055$30.8011
10Colonial Life$61,072$29.366

Insurance Producer Videos