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The differences between insurance sales agents 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 $49,587 average annual salary of an insurance sales agent.
The top three skills for an insurance sales agent include customer service, casualty insurance and work ethic. The most important skills for an insurance producer are casualty insurance, customer service, and develop leads.
| Insurance Sales Agent | Insurance Producer | |
| Yearly salary | $49,587 | $65,112 |
| Hourly rate | $23.84 | $31.30 |
| Growth rate | 6% | 6% |
| Number of jobs | 73,485 | 44,922 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 53% |
| Average age | 46 | 46 |
| Years of experience | - | - |
An insurance sales agent is an individual who helps an insurance company generate new business by contacting customers and selling one or more types of insurance. Insurance sales agents conduct interviews of prospective clients to get data about their financial resources and explain the features of the various insurance policies. They analyze the clients' existing insurance policies and customize insurance programs to suit their needs. Insurance sales agents also do other administrative tasks, such as keeping records and handling policy renewals.
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.
Insurance sales agents and insurance producers have different pay scales, as shown below.
| Insurance Sales Agent | Insurance Producer | |
| Average salary | $49,587 | $65,112 |
| Salary range | Between $30,000 And $80,000 | Between $45,000 And $93,000 |
| Highest paying City | New York, NY | Madison, WI |
| Highest paying state | Hawaii | Wisconsin |
| Best paying company | Torchmark | Dahl Consulting |
| Best paying industry | Finance | Real Estate |
There are a few differences between an insurance sales agent and an insurance producer in terms of educational background:
| Insurance Sales Agent | Insurance Producer | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance sales agents' and insurance producers' demographics:
| Insurance Sales Agent | Insurance Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 51.5% Female, 48.5% | Male, 51.9% Female, 48.1% |
| Race ratio | Black or African American, 9.4% 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, 9.5% 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% |