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The differences between insurance sales agents and sales producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a sales producer has an average salary of $51,287, 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 a sales producer are insurance products, strong work ethic, and business relationships.
| Insurance Sales Agent | Sales Producer | |
| Yearly salary | $49,587 | $51,287 |
| Hourly rate | $23.84 | $24.66 |
| Growth rate | 6% | 6% |
| Number of jobs | 73,485 | 41,951 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 60% |
| 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.
A sales producer is responsible for performing sales calls and administering all leads. You will be responsible for preparing the policies aimed at sales procedures and developing the necessary sales documents. Other responsibilities include making sure that all sales personnel adhere to all policies and procedures, coordinating with customers about policy expiration dates, and maintaining strong and long-lasting relationships with customers. As a sales producer, you will be responsible for managing prospective sale campaigns and managing all correspondence with both prospective and existing clients.
Insurance sales agents and sales producers have different pay scales, as shown below.
| Insurance Sales Agent | Sales Producer | |
| Average salary | $49,587 | $51,287 |
| Salary range | Between $30,000 And $80,000 | Between $24,000 And $107,000 |
| Highest paying City | New York, NY | Arlington, MA |
| Highest paying state | Hawaii | Massachusetts |
| Best paying company | Torchmark | Cochrane & Company |
| Best paying industry | Finance | - |
There are a few differences between an insurance sales agent and a sales producer in terms of educational background:
| Insurance Sales Agent | Sales Producer | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance sales agents' and sales producers' demographics:
| Insurance Sales Agent | Sales Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 51.5% Female, 48.5% | Male, 53.2% Female, 46.8% |
| 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, 16.2% Asian, 4.9% White, 65.7% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |