Licensed insurance agent demographics and statistics in the US
Licensed insurance agent demographics research summary. Zippia estimates licensed insurance agent demographics and statistics in the United States by using a database of 30 million profiles. Our licensed insurance agent estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about licensed insurance agents after extensive research and analysis:
- There are over 174,691 licensed insurance agents currently employed in the United States.
- 61.0% of all licensed insurance agents are women, while 39.0% are men.
- The average licensed insurance agent age is 46 years old.
- The most common ethnicity of licensed insurance agents is White (66.5%), followed by Hispanic or Latino (15.7%), Black or African American (9.2%) and Asian (4.9%).
- Licensed insurance agents are most in-demand in Phoenix, AZ.
- The finance industry is the highest-paying for licensed insurance agents.
- 7% of all licensed insurance agents are LGBT.
On this page
Licensed insurance agent demographics by:
Licensed insurance agent gender statistics
61.0% of licensed insurance agents are women and 39.0% of licensed insurance agents are men.
- Female, 61.0%
- Male, 39.0%
Licensed insurance agent gender ratio
| Gender | Percentages |
|---|---|
| Female | 61.0% |
| Male | 39.0% |
Licensed insurance agent gender pay gap
Women earn 91¢ for every $1 earned by men
Male income
$54,751
Female income
$49,683
Licensed insurance agent gender ratio over time
This data breaks down the percentage of men and women in licensed insurance agent positions over time. Currently, 61.0% of licensed insurance agents are female.
Licensed insurance agent gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 41.54% | 58.46% |
| 2011 | 41.75% | 58.25% |
| 2012 | 39.75% | 60.25% |
| 2013 | 42.85% | 57.15% |
| 2014 | 40.31% | 59.69% |
| 2015 | 41.81% | 58.19% |
| 2016 | 40.99% | 59.01% |
| 2017 | 41.03% | 58.97% |
| 2018 | 40.59% | 59.41% |
| 2019 | 38.91% | 61.09% |
| 2020 | 37.65% | 62.35% |
| 2021 | 39.00% | 61.00% |
Licensed insurance agent related jobs gender ratio
We compared licensed insurance agents with similar job titles to see how gender ratios vary. As you can see, proprietary trader and floor trader have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Insurance Follow Up Representative | 11% | 89% |
| Insurance Verification Specialist | 11% | 89% |
| Commercial Lines Account Manager | 13% | 87% |
| Licensed Insurance Agent | 39% | 61% |
| Futures Trader | 94% | 6% |
| Floor Trader | 95% | 5% |
| Proprietary Trader | 96% | 4% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Licensed insurance agent demographics by race
The most common ethnicity among licensed insurance agents is White, which makes up 66.5% of all licensed insurance agents. Comparatively, 15.7% of licensed insurance agents are Hispanic or Latino and 9.2% of licensed insurance agents are Black or African American.
- White, 66.5%
- Hispanic or Latino, 15.7%
- Black or African American, 9.2%
- Asian, 4.9%
- Unknown, 3.6%
- American Indian and Alaska Native, 0.1%
Licensed insurance agent race
| Licensed insurance agent race | Percentages |
|---|---|
| White | 66.5% |
| Hispanic or Latino | 15.7% |
| Black or African American | 9.2% |
| Asian | 4.9% |
| Unknown | 3.6% |
| American Indian and Alaska Native | 0.1% |
Licensed insurance agent race and ethnicity over time
See how licensed insurance agent racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Licensed insurance agent race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.93% | 7.84% | 3.80% | 12.24% |
| 2011 | 74.48% | 7.83% | 3.91% | 12.52% |
| 2012 | 73.58% | 8.21% | 4.05% | 12.49% |
| 2013 | 72.70% | 8.83% | 4.15% | 12.63% |
| 2014 | 72.14% | 8.43% | 4.16% | 13.63% |
| 2015 | 70.47% | 9.24% | 3.99% | 14.49% |
| 2016 | 71.43% | 8.85% | 4.04% | 13.61% |
| 2017 | 70.10% | 9.13% | 4.60% | 14.24% |
| 2018 | 70.99% | 7.87% | 4.51% | 14.77% |
| 2019 | 69.66% | 8.54% | 4.31% | 15.76% |
| 2020 | 67.91% | 7.64% | 4.94% | 15.49% |
| 2021 | 66.47% | 9.23% | 4.85% | 15.75% |
Licensed insurance agent wage gap by race
According to our data, white licensed insurance agents have the highest average salary compared to other ethnicities. Black or african american licensed insurance agents have the lowest average salary at $51,176.
| Ethnicity | Salary |
|---|---|
| Unknown | $55,211 |
| White | $57,993 |
| Black or African American | $51,176 |
| Asian | $55,685 |
| Hispanic or Latino | $53,921 |
Average licensed insurance agent age
See how the average age of licensed insurance agents varies based on ethnicity and gender.
Male
Female
Licensed insurance agent age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 44 | 42 |
| White | 47 | 49 |
| Black or African American | 46 | 46.5 |
| Asian | 46 | 41 |
| Hispanic or Latino | 41 | 39 |
Licensed insurance agent age breakdown
The average age of licensed insurance agents is 40+ years years old, representing 66% of the licensed insurance agent population.
Licensed insurance agent age breakdown
| Licensed Insurance Agent Years | Percentages |
|---|---|
| 40+ years | 66% |
| 30-40 years | 23% |
| 20-30 years | 11% |
Licensed insurance agent educational attainment
The most common degree for licensed insurance agents is bachelor's degree, with 50% of licensed insurance agents earning that degree. The second and third most common degree levels are associate degree degree at 23% and associate degree degree at 13%.
- Bachelor's, 50%
- Associate, 23%
- High School Diploma, 13%
- Master's, 5%
- Other Degrees, 9%
Licensed insurance agents by degree level
| Licensed insurance agent degree | Percentages |
|---|---|
| Bachelor's | 50% |
| Associate | 23% |
| High School Diploma | 13% |
| Master's | 5% |
| Other Degrees | 9% |
Licensed insurance agent jobs you might like
Licensed insurance agent wage gap by degree level
According to the data, licensed insurance agents with a Bachelor's degree earn more than those without, at $62,401 annually. With a Master's degree, licensed insurance agents earn a median annual income of $62,252 compared to $57,864 for licensed insurance agents with an Doctorate degree.
| Education | Salary |
|---|---|
| Master's Degree | $62,252 |
| High School Diploma or Less | $49,664 |
| Bachelor's Degree | $62,401 |
| Doctorate Degree | $57,864 |
| Some College/ Associate Degree | $49,467 |
Licensed insurance agent employment statistics
Most licensed insurance agents work for a private in the insurance industry.
Company size where licensed insurance agents work
Below, you can see the size of companies where licensed insurance agents work.
Licensed insurance agent jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 7% |
| 50 - 100 employees | 18% |
| 100 - 500 employees | 18% |
| 500 - 1,000 employees | 10% |
| 1,000 - 10,000 employees | 25% |
| > 10,000 employees | 22% |
Licensed insurance agent jobs by company type
Employees with the licensed insurance agent job title have their preferences when it comes to working for a company. For instance, most licensed insurance agents prefer to work at private companies over public companies.
Licensed insurance agent jobs by sector
| Company type | Percentages |
|---|---|
| Education | 1% |
| Public | 23% |
| Private | 73% |
| Government | 3% |
Licensed insurance agent jobs by industry
The most common industries for licensed insurance agents are insurance, professional and finance.
Licensed insurance agent industry statistics
| Industry | Percentages |
|---|---|
| Insurance | 38% |
| Fortune 500 | 13% |
| Professional | 11% |
| Finance | 10% |
| Health Care | 5% |
| Technology | 4% |
| Media | 3% |
| Government | 3% |
| Retail | 2% |
| Internet | 1% |
| Hospitality | 1% |
| Automotive | 1% |
| Construction | 1% |
| Manufacturing | 1% |
| Telecommunication | 1% |
| Start-up | 1% |
| Real Estate | 1% |
| Education | 1% |
Licensed insurance agent turnover and employment statistics
Licensed insurance agent unemployment rate over time
The unemployment rate for licensed insurance agents between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Licensed insurance agent unemployment rate by year
| Year | Licensed insurance agent unemployment rate |
|---|---|
| 2010 | 5.09% |
| 2011 | 4.31% |
| 2012 | 4.18% |
| 2013 | 3.95% |
| 2014 | 3.23% |
| 2015 | 2.63% |
| 2016 | 2.47% |
| 2017 | 2.35% |
| 2018 | 1.88% |
| 2019 | 2.06% |
| 2020 | 3.05% |
| 2021 | 3.58% |
Average licensed insurance agent tenure
The average licensed insurance agent stays at their job for 1-2 years, based on the 10,890 licensed insurance agents resumes in Zippia's database.
Licensed insurance agent tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 26% |
| 1-2 years | 31% |
| 3-4 years | 12% |
| 5-7 years | 17% |
| 8-10 years | 6% |
| 11+ years | 7% |
Licensed insurance agent LGBT ratio compared to similar jobs
Review the percent of licensed insurance agents that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Global Account Executive | 5.13% | 108,124 |
| Junior Associate | 5.67% | 30,525 |
| Licensed Insurance Agent | 6.79% | - |
| Media Sales Associate | 9.53% | 163,816 |
| Cruise Counselor | 17.39% | 27,152 |
Similar licensed insurance agent jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Global Account Executive | 5.13% | 108,124 |
| Junior Associate | 5.67% | 30,525 |
| Media Sales Associate | 9.53% | 163,816 |
| Cruise Counselor | 17.39% | 27,152 |
Foreign languages spoken by licensed insurance agents
The most common foreign language among licensed insurance agents is Spanish at 66.3%. The second-most popular foreign language spoken is French at 8.3% and Russian is the third-most popular at 2.8%.
- Spanish, 66.3%
- French, 8.3%
- Russian, 2.8%
- Carrier, 2.8%
- German, 2.4%
- Other, 17.4%
Licensed insurance agent languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 66.3% |
| French | 8.3% |
| Russian | 2.8% |
| Carrier | 2.8% |
| German | 2.4% |
| Other | 17.4% |
