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Insurance sales agent vs licensed sales producer

The differences between insurance sales agents and licensed sales producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance sales agent has an average salary of $49,587, which is higher than the $38,353 average annual salary of a licensed sales producer.

The top three skills for an insurance sales agent include customer service, casualty insurance and work ethic. The most important skills for a licensed sales producer are customer service, financial products, and life insurance.

Insurance sales agent vs licensed sales producer overview

Insurance Sales AgentLicensed Sales Producer
Yearly salary$49,587$38,353
Hourly rate$23.84$18.44
Growth rate6%6%
Number of jobs73,48540,137
Job satisfaction--
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 54%
Average age4646
Years of experience--

Insurance sales agent vs licensed sales producer salary

Insurance sales agents and licensed sales producers have different pay scales, as shown below.

Insurance Sales AgentLicensed Sales Producer
Average salary$49,587$38,353
Salary rangeBetween $30,000 And $80,000Between $28,000 And $52,000
Highest paying CityNew York, NYMadison, WI
Highest paying stateHawaiiWisconsin
Best paying companyTorchmarkOracle
Best paying industryFinanceManufacturing

Differences between insurance sales agent and licensed sales producer education

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

Insurance Sales AgentLicensed Sales Producer
Most common degreeBachelor's Degree, 51%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Insurance sales agent vs licensed sales producer demographics

Here are the differences between insurance sales agents' and licensed sales producers' demographics:

Insurance Sales AgentLicensed Sales Producer
Average age4646
Gender ratioMale, 51.5% Female, 48.5%Male, 39.2% Female, 60.8%
Race ratioBlack 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, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between insurance sales agent and licensed sales producer duties and responsibilities

Insurance sales agent example responsibilities.

  • Train and manage employees and achieve significant improvements in their productivity & maintain sales go9als consistently.
  • Used consultative upselling techniques to provide leads
  • Calculate rates and premiums for fire, casualty insurance, automobile, homeowners, and other specialize insurance policies.
  • License property and casualty insurance agent and office manager.
  • Market property and casualty insurance to potential clients while assisting policyholders with coverage and claims.
  • Follow strict HIPPA regulations while dealing with delicate information.
  • Show more

Licensed sales producer example responsibilities.

  • Generate production and leads through telemarketing sales.
  • Provide quotes, bound coverage for insurance products through Allstate and its brokered affiliates for new business and cross sell campaigns.
  • Directly-Assist agency owner in developing new market strategies to solicit new business and increase cross-selling to existing book of business.
  • Used consultative upselling techniques to provide leads

Insurance sales agent vs licensed sales producer skills

Common insurance sales agent skills
  • Customer Service, 16%
  • Casualty Insurance, 14%
  • Work Ethic, 11%
  • Insurance Coverage, 8%
  • AAA, 8%
  • Develop Leads, 5%
Common licensed sales producer skills
  • Customer Service, 34%
  • Financial Products, 9%
  • Life Insurance, 6%
  • Product Knowledge, 3%
  • Policy Changes, 3%
  • Outbound Calls, 3%