Insurance producer demographics and statistics in the US
Insurance producer demographics research summary. Zippia estimates insurance producer demographics and statistics in the United States by using a database of 30 million profiles. Our insurance producer estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about insurance producers after extensive research and analysis:
- There are over 154,542 insurance producers currently employed in the United States.
- 48.1% of all insurance producers are women, while 51.9% are men.
- The average insurance producer age is 46 years old.
- The most common ethnicity of insurance producers is White (65.8%), followed by Hispanic or Latino (16.1%), Black or African American (9.5%) and Asian (4.9%).
- Insurance producers are most in-demand in Birmingham, AL.
- Madison, WI pays an annual average wage of $77,608, the highest in the US.
- In 2022, women insurance producers earned 93% of what men earned.
- South Dakota is the best state for insurance producers to live.
- Insurance producers are 80% more likely to work at private companies in comparison to public companies.
On this page
Insurance producer demographics by:
Insurance producer gender statistics
48.1% of insurance producers are women and 51.9% of insurance producers are men.
- Male, 51.9%
- Female, 48.1%
Insurance producer gender ratio
| Gender | Percentages |
|---|---|
| Male | 51.9% |
| Female | 48.1% |
Insurance producer gender pay gap
Women earn 93¢ for every $1 earned by men
Male income
$65,674
Female income
$61,125
Insurance producer gender ratio over time
This data breaks down the percentage of men and women in insurance producer positions over time. Currently, 48.1% of insurance producers are female.
Insurance producer gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 54.49% | 45.51% |
| 2011 | 54.70% | 45.30% |
| 2012 | 52.64% | 47.36% |
| 2013 | 55.82% | 44.18% |
| 2014 | 53.22% | 46.78% |
| 2015 | 54.76% | 45.24% |
| 2016 | 53.93% | 46.07% |
| 2017 | 53.96% | 46.04% |
| 2018 | 53.52% | 46.48% |
| 2019 | 51.76% | 48.24% |
| 2020 | 50.43% | 49.57% |
| 2021 | 51.86% | 48.14% |
Insurance producer related jobs gender ratio
We compared insurance producers with similar job titles to see how gender ratios vary. As you can see, proprietary trader and floor trader have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Insurance Follow Up Representative | 11% | 89% |
| Insurance Verification Specialist | 11% | 89% |
| Commercial Lines Account Manager | 13% | 87% |
| Insurance Producer | 52% | 48% |
| Futures Trader | 94% | 6% |
| Floor Trader | 95% | 5% |
| Proprietary Trader | 96% | 4% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Insurance producer demographics by race
The most common ethnicity among insurance producers is White, which makes up 65.8% of all insurance producers. Comparatively, 16.1% of insurance producers are Hispanic or Latino and 9.5% of insurance producers are Black or African American.
- White, 65.8%
- Hispanic or Latino, 16.1%
- Black or African American, 9.5%
- Asian, 4.9%
- Unknown, 3.6%
- American Indian and Alaska Native, 0.1%
Insurance producer race
| Insurance producer race | Percentages |
|---|---|
| White | 65.8% |
| Hispanic or Latino | 16.1% |
| Black or African American | 9.5% |
| Asian | 4.9% |
| Unknown | 3.6% |
| American Indian and Alaska Native | 0.1% |
Insurance producer race and ethnicity over time
See how insurance producer racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Insurance producer race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.21% | 8.11% | 3.88% | 12.58% |
| 2011 | 73.77% | 8.10% | 4.00% | 12.86% |
| 2012 | 72.87% | 8.49% | 4.13% | 12.83% |
| 2013 | 71.99% | 9.11% | 4.23% | 12.98% |
| 2014 | 71.42% | 8.71% | 4.25% | 13.98% |
| 2015 | 69.75% | 9.52% | 4.08% | 14.83% |
| 2016 | 70.71% | 9.13% | 4.12% | 13.96% |
| 2017 | 69.39% | 9.40% | 4.69% | 14.59% |
| 2018 | 70.27% | 8.15% | 4.59% | 15.11% |
| 2019 | 68.94% | 8.82% | 4.39% | 16.11% |
| 2020 | 67.19% | 7.92% | 5.02% | 15.83% |
| 2021 | 65.75% | 9.51% | 4.94% | 16.09% |
Insurance producer wage gap by race
According to our data, white insurance producers have the highest average salary compared to other ethnicities. Black or african american insurance producers have the lowest average salary at $62,477.
| Ethnicity | Salary |
|---|---|
| Unknown | $66,081 |
| White | $68,526 |
| Black or African American | $62,477 |
| Asian | $66,500 |
| Hispanic or Latino | $64,937 |
Average insurance producer age
See how the average age of insurance producers varies based on ethnicity and gender.
Male
Female
Insurance producer age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 44 | 42 |
| White | 47 | 49 |
| Black or African American | 46 | 46.5 |
| Asian | 46 | 41 |
| Hispanic or Latino | 41 | 39 |
Insurance producer age breakdown
The average age of insurance producers is 40+ years years old, representing 66% of the insurance producer population.
Insurance producer age breakdown
| Insurance Producer Years | Percentages |
|---|---|
| 40+ years | 66% |
| 30-40 years | 23% |
| 20-30 years | 11% |
Insurance producer educational attainment
The most common degree for insurance producers is bachelor's degree, with 53% of insurance producers earning that degree. The second and third most common degree levels are associate degree degree at 21% and associate degree degree at 11%.
- Bachelor's, 53%
- Associate, 21%
- High School Diploma, 11%
- Master's, 7%
- Other Degrees, 8%
Insurance producers by degree level
| Insurance producer degree | Percentages |
|---|---|
| Bachelor's | 53% |
| Associate | 21% |
| High School Diploma | 11% |
| Master's | 7% |
| Other Degrees | 8% |
Insurance producer jobs you might like
Insurance producer wage gap by degree level
According to the data, insurance producers with a Bachelor's degree earn more than those without, at $72,339 annually. With a Master's degree, insurance producers earn a median annual income of $72,211 compared to $68,414 for insurance producers with an Doctorate degree.
| Education | Salary |
|---|---|
| Master's Degree | $72,211 |
| High School Diploma or Less | $61,107 |
| Bachelor's Degree | $72,339 |
| Doctorate Degree | $68,414 |
| Some College/ Associate Degree | $60,928 |
Insurance producer employment statistics
Most insurance producers work for a private in the insurance industry.
Company size where insurance producers work
Below, you can see the size of companies where insurance producers work.
Insurance producer jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 8% |
| 50 - 100 employees | 17% |
| 100 - 500 employees | 23% |
| 500 - 1,000 employees | 8% |
| 1,000 - 10,000 employees | 29% |
| > 10,000 employees | 15% |
Insurance producer jobs by company type
Employees with the insurance producer job title have their preferences when it comes to working for a company. For instance, most insurance producers prefer to work at private companies over public companies.
Insurance producer jobs by sector
| Company type | Percentages |
|---|---|
| Education | 1% |
| Public | 18% |
| Private | 80% |
| Government | 1% |
Insurance producer jobs by industry
The most common industries for insurance producers are insurance, finance and professional.
Insurance producer industry statistics
| Industry | Percentages |
|---|---|
| Insurance | 40% |
| Finance | 13% |
| Fortune 500 | 12% |
| Professional | 8% |
| Health Care | 4% |
| Technology | 4% |
| Media | 3% |
| Manufacturing | 3% |
| Retail | 2% |
| Transportation | 1% |
| Telecommunication | 1% |
| Government | 1% |
| Construction | 1% |
| Hospitality | 1% |
| Start-up | 1% |
| Real Estate | 1% |
| Education | 1% |
| Agriculture | 1% |
Insurance producer turnover and employment statistics
Insurance producer unemployment rate over time
The unemployment rate for insurance producers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Insurance producer unemployment rate by year
| Year | Insurance producer unemployment rate |
|---|---|
| 2010 | 5.09% |
| 2011 | 4.31% |
| 2012 | 4.18% |
| 2013 | 3.95% |
| 2014 | 3.23% |
| 2015 | 2.63% |
| 2016 | 2.47% |
| 2017 | 2.35% |
| 2018 | 1.88% |
| 2019 | 2.06% |
| 2020 | 3.05% |
| 2021 | 3.58% |
Average insurance producer tenure
The average insurance producer stays at their job for 1-2 years, based on the 2,442 insurance producers resumes in Zippia's database.
Insurance producer tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 30% |
| 1-2 years | 28% |
| 3-4 years | 12% |
| 5-7 years | 17% |
| 8-10 years | 6% |
| 11+ years | 7% |
Insurance producer LGBT ratio compared to similar jobs
Review the percent of insurance producers that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Account Manager/Consultant | 5.13% | 128,518 |
| Oil Lease Broker | 5.67% | 4,598 |
| Insurance Producer | 6.79% | - |
| Advertising Media Consultant | 9.53% | 26,082 |
| Tour Agent | 17.39% | 30,004 |
Similar insurance producer jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Account Manager/Consultant | 5.13% | 128,518 |
| Oil Lease Broker | 5.67% | 4,598 |
| Advertising Media Consultant | 9.53% | 26,082 |
| Tour Agent | 17.39% | 30,004 |
Foreign languages spoken by insurance producers
The most common foreign language among insurance producers is Spanish at 53.5%. The second-most popular foreign language spoken is French at 7.9% and Korean is the third-most popular at 3.5%.
- Spanish, 53.5%
- French, 7.9%
- Korean, 3.5%
- Italian, 3.5%
- Portuguese, 2.6%
- Other, 29.0%
Insurance producer languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 53.5% |
| French | 7.9% |
| Korean | 3.5% |
| Italian | 3.5% |
| Portuguese | 2.6% |
| Other | 29.0% |
