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The differences between insurance producers and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance producer has an average salary of $65,112, which is higher than the $37,864 average annual salary of an agent.
The top three skills for an insurance producer include casualty insurance, customer service and develop leads. The most important skills for an agent are insurance products, customer service, and life insurance.
| Insurance Producer | Agent | |
| Yearly salary | $65,112 | $37,864 |
| Hourly rate | $31.30 | $18.20 |
| Growth rate | 6% | 6% |
| Number of jobs | 44,922 | 184,325 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 44% |
| Average age | 46 | 46 |
| Years of experience | - | - |
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.
Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.
Insurance producers and agents have different pay scales, as shown below.
| Insurance Producer | Agent | |
| Average salary | $65,112 | $37,864 |
| Salary range | Between $45,000 And $93,000 | Between $19,000 And $72,000 |
| Highest paying City | Madison, WI | New York, NY |
| Highest paying state | Wisconsin | New York |
| Best paying company | Dahl Consulting | Latham & Watkins |
| Best paying industry | Real Estate | - |
There are a few differences between an insurance producer and an agent in terms of educational background:
| Insurance Producer | Agent | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 44% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance producers' and agents' demographics:
| Insurance Producer | Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 51.9% Female, 48.1% | Male, 50.5% Female, 49.5% |
| Race ratio | 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% | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |