Insurance rater vs insurance producer

The differences between insurance raters and insurance producers 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 $33,455 average annual salary of an insurance rater.

The top three skills for an insurance rater include cancellations, commercial property and policy changes. The most important skills for an insurance producer are casualty insurance, customer service, and develop leads.

Insurance rater vs insurance producer overview

	Insurance Rater	Insurance Producer
Yearly salary	$33,455	$65,112
Hourly rate	$16.08	$31.30
Growth rate	6%	6%
Number of jobs	36,345	44,922
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 39%	Bachelor's Degree, 53%
Average age	46	46
Years of experience	-	-

Insurance rater vs insurance producer salary

Insurance raters and insurance producers have different pay scales, as shown below.

	Insurance Rater	Insurance Producer
Average salary	$33,455	$65,112
Salary range	Between $27,000 And $40,000	Between $45,000 And $93,000
Highest paying City	-	Madison, WI
Highest paying state	-	Wisconsin
Best paying company	-	Dahl Consulting
Best paying industry	-	Real Estate

Differences between insurance rater and insurance producer education

There are a few differences between an insurance rater and an insurance producer in terms of educational background:

	Insurance Rater	Insurance Producer
Most common degree	Bachelor's Degree, 39%	Bachelor's Degree, 53%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Insurance rater vs insurance producer demographics

Here are the differences between insurance raters' and insurance producers' demographics:

	Insurance Rater	Insurance Producer
Average age	46	46
Gender ratio	Male, 17.1% Female, 82.9%	Male, 51.9% Female, 48.1%
Race ratio	Black or African American, 9.8% Unknown, 3.6% Hispanic or Latino, 15.1% Asian, 5.0% White, 66.3% 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%

Differences between insurance rater and insurance producer duties and responsibilities

Insurance rater example responsibilities.

Cold-Cal to generate leads for individual life and disability insurance and annuities.
Maintain ISO manuals for branch office.
Complete weekly reports process changes, cancellations and discuss customer accounts issues regarding payroll deductions and problem solving.
Interpret issuance and rating instructions for new business, renewals, policy endorsements, and cancellations for small and middle market.
Facilitate communications between doctors, hospitals, third party insurance companies and patients to obtain and verify patient billing information.
Process Medicare supplemental claims with high quality and quantity performance ratings.

Insurance producer example responsibilities.

Used consultative upselling techniques to provide leads
Facilitate communications between doctors, hospitals, third party insurance companies and patients to obtain and verify patient billing information.
Deliver on the GEICO promise to customers by solving problems and giving competent insurance advice in a courteous and proficient manner.

Insurance rater vs insurance producer skills

Common insurance rater skills

Cancellations, 58%
Commercial Property, 15%
Policy Changes, 10%
Audit Transactions, 10%
Workers Compensation, 4%
Premium Charges, 3%

Common insurance producer skills

Casualty Insurance, 7%
Customer Service, 7%
Develop Leads, 6%
Health Insurance, 6%
Financial Services, 5%
Phone Calls, 5%

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Insurance Rater
Insurance Rater vs Insurance Producer

Updated January 8, 2025

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