Insurance rater demographics and statistics in the US
On this page
Insurance rater demographics by:
Insurance rater gender statistics
82.9% of insurance raters are women and 17.1% of insurance raters are men.
- Female, 82.9%
- Male, 17.1%
Insurance rater gender ratio
| Gender | Percentages |
|---|---|
| Female | 82.9% |
| Male | 17.1% |
Insurance rater gender pay gap
Women earn 96¢ for every $1 earned by men
Male income
$33,610
Female income
$32,337
Insurance rater gender ratio over time
This data breaks down the percentage of men and women in insurance rater positions over time. Currently, 82.9% of insurance raters are female.
Insurance rater gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 18.64% | 81.36% |
| 2011 | 18.77% | 81.23% |
| 2012 | 17.54% | 82.46% |
| 2013 | 19.47% | 80.53% |
| 2014 | 17.88% | 82.12% |
| 2015 | 18.81% | 81.19% |
| 2016 | 18.30% | 81.70% |
| 2017 | 18.32% | 81.68% |
| 2018 | 18.06% | 81.94% |
| 2019 | 17.04% | 82.96% |
| 2020 | 16.30% | 83.70% |
| 2021 | 17.09% | 82.91% |
Insurance rater related jobs gender ratio
We compared insurance raters 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 Rater | 17% | 83% |
| 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 rater demographics by race
The most common ethnicity among insurance raters is White, which makes up 66.3% of all insurance raters. Comparatively, 15.1% of insurance raters are Hispanic or Latino and 9.8% of insurance raters are Black or African American.
- White, 66.3%
- Hispanic or Latino, 15.1%
- Black or African American, 9.8%
- Asian, 5.0%
- Unknown, 3.6%
- American Indian and Alaska Native, 0.2%
Insurance rater race
| Insurance rater race | Percentages |
|---|---|
| White | 66.3% |
| Hispanic or Latino | 15.1% |
| Black or African American | 9.8% |
| Asian | 5.0% |
| Unknown | 3.6% |
| American Indian and Alaska Native | 0.2% |
Insurance rater race and ethnicity over time
See how insurance rater racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Insurance rater race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.81% | 8.43% | 3.98% | 11.56% |
| 2011 | 74.36% | 8.42% | 4.10% | 11.84% |
| 2012 | 73.46% | 8.81% | 4.23% | 11.82% |
| 2013 | 72.58% | 9.43% | 4.33% | 11.96% |
| 2014 | 72.01% | 9.03% | 4.35% | 12.96% |
| 2015 | 70.34% | 9.84% | 4.18% | 13.81% |
| 2016 | 71.30% | 9.45% | 4.22% | 12.94% |
| 2017 | 69.98% | 9.72% | 4.79% | 13.57% |
| 2018 | 70.86% | 8.46% | 4.69% | 14.09% |
| 2019 | 69.53% | 9.14% | 4.49% | 15.09% |
| 2020 | 67.78% | 8.24% | 5.12% | 14.81% |
| 2021 | 66.34% | 9.82% | 5.03% | 15.07% |
Insurance rater wage gap by race
According to our data, white insurance raters have the highest average salary compared to other ethnicities. Black or african american insurance raters have the lowest average salary at $32,720.
| Ethnicity | Salary |
|---|---|
| Unknown | $33,722 |
| White | $34,387 |
| Black or African American | $32,720 |
| Asian | $33,836 |
| Hispanic or Latino | $33,406 |
Average insurance rater age
See how the average age of insurance raters varies based on ethnicity and gender.
Male
Female
Insurance rater 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 rater age breakdown
The average age of insurance raters is 40+ years years old, representing 66% of the insurance rater population.
Insurance rater age breakdown
| Insurance Rater Years | Percentages |
|---|---|
| 40+ years | 66% |
| 30-40 years | 23% |
| 20-30 years | 11% |
Insurance rater educational attainment
The most common degree for insurance raters is bachelor's degree, with 39% of insurance raters earning that degree. The second and third most common degree levels are high school diploma degree at 26% and high school diploma degree at 25%.
- Bachelor's, 39%
- High School Diploma, 26%
- Associate, 25%
- Diploma, 5%
- Other Degrees, 5%
Insurance raters by degree level
| Insurance rater degree | Percentages |
|---|---|
| Bachelor's | 39% |
| High School Diploma | 26% |
| Associate | 25% |
| Diploma | 5% |
| Other Degrees | 5% |
Insurance rater jobs you might like
Insurance rater wage gap by degree level
According to the data, insurance raters with a Bachelor's degree earn more than those without, at $35,403 annually. With a Master's degree, insurance raters earn a median annual income of $35,369 compared to $34,357 for insurance raters with an Doctorate degree.
| Education | Salary |
|---|---|
| Master's Degree | $35,369 |
| High School Diploma or Less | $32,332 |
| Bachelor's Degree | $35,403 |
| Doctorate Degree | $34,357 |
| Some College/ Associate Degree | $32,281 |
Insurance rater employment statistics
Most insurance raters work for a private in the insurance industry.
Company size where insurance raters work
Below, you can see the size of companies where insurance raters work.
Insurance rater jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 5% |
| 50 - 100 employees | 8% |
| 100 - 500 employees | 22% |
| 500 - 1,000 employees | 14% |
| 1,000 - 10,000 employees | 25% |
| > 10,000 employees | 25% |
Insurance rater jobs by company type
Employees with the insurance rater job title have their preferences when it comes to working for a company. For instance, most insurance raters prefer to work at private companies over public companies.
Insurance rater jobs by sector
| Company type | Percentages |
|---|---|
| Education | 3% |
| Public | 29% |
| Private | 67% |
Insurance rater jobs by industry
The most common industries for insurance raters are insurance, finance and professional.
Insurance rater industry statistics
| Industry | Percentages |
|---|---|
| Insurance | 52% |
| Fortune 500 | 14% |
| Finance | 7% |
| Professional | 7% |
| Manufacturing | 4% |
| Education | 3% |
| Retail | 3% |
| Start-up | 1% |
| Energy | 1% |
| Non Profits | 1% |
| Utilities | 1% |
| Health Care | 1% |
| Hospitality | 1% |
Insurance rater turnover and employment statistics
Insurance rater unemployment rate over time
The unemployment rate for insurance raters between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Insurance rater unemployment rate by year
| Year | Insurance rater 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 rater tenure
The average insurance rater stays at their job for 1-2 years, based on the 130 insurance raters resumes in Zippia's database.
Insurance rater tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 7% |
| 1-2 years | 42% |
| 3-4 years | 16% |
| 5-7 years | 21% |
| 8-10 years | 9% |
| 11+ years | 4% |
Insurance rater LGBT ratio compared to similar jobs
Review the percent of insurance raters 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 |
|---|---|---|
| Power Marketer | 5.13% | 2,735 |
| Registered Representative | 5.67% | 17,622 |
| Insurance Rater | 6.79% | - |
| Advertising Consultant | 9.53% | 62,538 |
| Corporate Travel Consultant | 17.39% | 19,151 |
Similar insurance rater jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Power Marketer | 5.13% | 2,735 |
| Registered Representative | 5.67% | 17,622 |
| Advertising Consultant | 9.53% | 62,538 |
| Corporate Travel Consultant | 17.39% | 19,151 |
Foreign languages spoken by insurance raters
The most common foreign language among insurance raters is Mandarin at 25.0%. The second-most popular foreign language spoken is Portuguese at 25.0% and Chinese is the third-most popular at 25.0%.
- Mandarin, 25.0%
- Portuguese, 25.0%
- Chinese, 25.0%
- Spanish, 25.0%
Insurance rater languages spoken
| Foreign language | Percentages |
|---|---|
| Mandarin | 25.0% |
| Portuguese | 25.0% |
| Chinese | 25.0% |
| Spanish | 25.0% |