Insurance Sales Agent Statistics and Facts in the US
Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for insurance sales agents in the United States. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:
- There are over 174,586 insurance sales agents currently employed in the United States.
- 47.4% of all insurance sales agents are women, while only 47.7% are men.
- The average age of an employed insurance sales agent is 44 years old.
- The most common ethnicity of insurance sales agents is White (70.2%), followed by Hispanic or Latino (15.2%) and Black or African American (8.1%).
- The majority of insurance sales agents are located in FL, Tampa and TX, San Antonio.
- Insurance sales agents are most in-demand in Tucson, AZ.
- Insurance sales agents are paid an average annual salary of $38,082.
- Urban Honolulu, HI pays an annual average wage of $91,530, the highest in the US.
- Insurance sales agents average starting salary is $22,000.
- In 2021, women earned 88% of what men earned.
- The top 10% of highest-paid insurance sales agents earn as much as $63,000 or more.
- Oregon is the best state for insurance sales agents to live.
- Insurance sales agents are more likely to work at private companies in comparison to public companies.
Insurance Sales Agent Statistics By Gender
Gender Pay Gap For Insurance Sales Agent
Women Earn 88¢ For Every $1 Earned By Man
Insurance Sales Agent Gender Over Time
This data shows how men and women predominate in the insurance sales agent position over time.
Insurance Sales Agent Male to Female Ratio
We compared this job title with other job titles to see how gender percentages varied. As you can see, floor trader and proprietary trader have the biggest difference in gender.
|Commercial Lines Account Manager||13%||80%|
|Insurance Verification Specialist||13%||82%|
|Insurance Sales Agent||48%||47%|
Insurance Sales Agent Statistics By Race
The most common ethnicity among insurance sales agents is White, which makes up 70.2% of all insurance sales agents. Comparatively, there are 15.2% of the Hispanic or Latino ethnicity and 8.1% of the Black or African American ethnicity.
- White, 70.2%
- Hispanic or Latino, 15.2%
- Black or African American, 8.1%
- Asian, 4.6%
- Unknown, 1.7%
- American Indian and Alaska Native, 0.2%
Insurance Sales Agent Race And Ethnicity Over Time
Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2008-2018 among insurance sales agents.
- Hispanic or Latino
- Black or African American
Insurance Sales Agent Wage Gap By Race
Average Age of an Insurance Sales Agent
We determined the average age of insurance sales agents based on ethnicity and gender.
Insurance Sales Agent Age Breakdown
This chart breaks down the ages of insurance sales agent employees. Interestingly enough, the average age of insurance sales agents is 40+ years old, which represents 62% of the population.
Types of Insurance Sales Agent Degree Levels
The most common degree for insurance sales agents is bachelor's degree 51% of insurance sales agents earn that degree. A close second is associate degree with 21% and rounding it off is high school diploma with 15%.
- Bachelors, 51%
- Associate, 21%
- High School Diploma, 15%
- Masters, 6%
- Other Degrees, 7%
Insurance Sales Agent Jobs You Might Like
Insurance Sales Agent Wage Gap By Education
Insurance Sales Agent Employment Statistics
This section highlights the information we gathered about the types of businesses and industries that employ insurance sales agents. We found that the most common company type is private. In addition, the industry that employs the most insurance sales agents is the insurance industry.
We created this chart to show you the average size of companies that typically hire insurance sales agents.
< 50 employees
50 - 100 employees
100 - 500 employees
500 - 1,000 employees
1,000 - 10,000 employees
The Types Of Companies Insurance Sales Agent Work In
Employees with the insurance sales agent job title have their preferences when it comes to working for a company. For instance, most insurance sales agents prefer to work at private companies over public companies.
Top Industries Hiring Insurance Sales Agents
Just based on the number of employees within each industry, we were able to determine the most common industries that employ insurance sales agents. Those industries include insurance, finance and technology.
Insurance Sales Agent Turnover And Employment Statistics
Insurance Sales Agent Unemployment Rate Over Time
The Bureau of Labor Statistics came in clutch when it came down to figuring out how the unemployment rate has changed over time. Between 2008 and 2018, this is how the number of insurance sales agents changed.
- Unemployment rate
The Average Number of Years That Insurance Sales Agent Stay in a Job
By looking over 8,261 insurance sales agents resumes, we figured out that the average insurance sales agent enjoys staying at their job for 1-2 years for a percentage of 33%.
Comparing The LGBT Ratio of Insurance Sales Agents with Other Job Titles
After finding the gender ratio, we wondered if the percentages of LGBT persons were different as well. Using the data below, you can see how other job titles compare to insurance sales agents.
|Insurance Sales Agent||9.04%|
|Millwork Sales Specialist||10.18%|
|Bookkeeping Service Sales Agent||11.16%|
|Yellow Pages Space Sales Person||16.88%|
Foreign Languages Spoken By Insurance Sales Agents
The most common foreign language among insurance sales agents is Spanish at 71.3%. The second-most popular foreign language spoken is French at 7.8% and German is the third-most popular at 2.8%.
- Spanish, 71.3%
- French, 7.8%
- German, 2.8%
- Chinese, 2.2%
- Portuguese, 1.9%
- Other, 14.0%