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A licensed insurance producer is licensed to sell insurance products to clients on behalf of a company. A licensed insurance producer is commonly seen having conversations with different people, trying to establish rapport and ease in conversation about his/her insurance products. He/She could be found negotiating life, health, property, and all other sorts of insurance to clients. Your main duties revolve around acquiring new clients, monitoring insurance claims, assisting in settlements of claims, and determining the insurance risk of properties.


You are there to assist the customer in buying one of your products, so your job is to follow up throughout the application process and make paperwork easier for customers to handle. The real skill of a licensed insurance producer is his/her ability to talk you into buying. This is why excellent communication and interpersonal skills cannot be overemphasized. The average yearly salary is $74,000, and a bachelor's degree is required for this position.

What Does a Licensed Insurance Producer Do

There are certain skills that many licensed insurance producers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and initiative.

Learn more about what a Licensed Insurance Producer does

How To Become a Licensed Insurance Producer

If you're interested in becoming a licensed insurance producer, one of the first things to consider is how much education you need. We've determined that 57.1% of licensed insurance producers have a bachelor's degree. In terms of higher education levels, we found that 4.5% of licensed insurance producers have master's degrees. Even though most licensed insurance producers have a college degree, it's possible to become one with only a high school degree or GED.

Career Path For a Licensed Insurance Producer

In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of account executive you might progress to a role such as account manager eventually. Later on in your career, you could end up with the title senior account manager.

Licensed Insurance Producer

Average Salary for a Licensed Insurance Producer

Licensed Insurance Producers in America make an average salary of $66,026 per year or $32 per hour. The top 10 percent makes over $97,000 per year, while the bottom 10 percent under $44,000 per year.
Average Licensed Insurance Producer Salary
$66,026 Yearly
$31.74 hourly

What Am I Worth?

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Roles and Types of Licensed Insurance Producer

There are several types of licensed insurance producer, including:

Agent

Role:

So long to the days of claiming you don't know where you want to go for lunch because, as an agent, you have a lot of decision-making power in your hands. Be prepared to use it.


Agents help clients by acting as their liasion. They negotiate terms of contracts, particularly on a financial level. The more money you make your client, the more money you'll be able to collect. So you'll want to work on your negotiation and persuasion skills.


Agents work in a variety of industries, so you can have your pick of opportunities. Some work in the entertainment industry, while others are in the financial scene. Wherever you end up, you'll most likely be working a full-time job. Although, some client meetings can be done outside of normal work hours. This means you might want to prepare yourself for some late nights.

  • Average Salary: $37,864
  • Degree: Bachelor's Degree

Insurance Agent

Role:

Well, insurance agents are salespeople, they have a very specific industry that they work in. Sometimes they may only sell one type of insurance, but many sell lots of different insurances. This includes car, rental and health.


While, you can get a job as an insurance agent with just a high school degree, many agents have a bachelor's degree. In addition, you need to be licensed in the state where you'll be working. But the learning doesn't stop there. Insurance agent learn a lot through their on-the-job training. Here's to learning something new every day!

  • Average Salary: $51,936
  • Degree: Bachelor's Degree

Producer

Role:

Producers work for the entertainment industry. They secure resources and coordinate logistical arrangements for the making of a film, television show, or theatre performance. They make sure production expenses do not go over the budget, that deliverables are ready on time, and the finished products meet the expectations of investors.


They are responsible for hiring staff, coordinating creative work, preparing and presenting funding applications, monitoring and approving post-production work, and performing managerial tasks such as scheduling, planning work phases, and taking care of the marketing of the completed product.


If you want to be a producer, you should start with a college education in film or theatre or cultural management. It is not obligatory, though. Being a producer is all about finding creative ways to get something done, and there is never one path that always works. Many actors, writers, or other creative people who are now producers just started working on their own personal projects and discovered the know-how along the way.

  • Average Salary: $72,202
  • Degree: Bachelor's Degree

States With The Most Licensed Insurance Producer Jobs

Mouse over a state to see the number of active licensed insurance producer jobs in each state. The darker areas on the map show where licensed insurance producers earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Licensed Insurance Producer Jobs By State

RankStateNumber of JobsAverage Salary
1California3,769$66,463
2Texas3,467$61,049
3Illinois1,558$66,080
4North Carolina1,432$60,988
5Michigan1,204$65,664
6Minnesota1,167$70,937
7Washington1,063$76,456
8Missouri937$56,833
9Arizona832$60,585
10Colorado795$63,994
11Alabama733$69,466
12Florida715$52,438
13Wisconsin678$75,503
14Iowa644$61,734
15New York612$73,946
16Oregon596$73,401
17Kansas555$59,952
18Georgia486$54,739
19Tennessee484$57,183
20Arkansas456$59,325
21Pennsylvania424$64,892
22Nebraska388$70,154
23Louisiana381$55,710
24Utah375$57,745
25Ohio370$66,577
26Virginia316$58,803
27New Mexico315$54,545
28Nevada307$58,284
29Idaho269$57,440
30Mississippi249$59,657
31Indiana243$66,965
32Delaware233$65,208
33South Carolina227$62,882
34Massachusetts226$75,261
35Maryland202$64,033
36New Jersey197$70,387
37North Dakota185$69,256
38Kentucky177$61,987
39Montana176$63,384
40Alaska139$75,469
41Oklahoma139$55,731
42Connecticut115$70,089
43Hawaii105$58,203
44South Dakota92$72,162
45West Virginia86$56,231
46Wyoming83$63,022
47Rhode Island74$73,629
48Vermont73$64,829
49Maine66$65,599
50New Hampshire58$75,036

Licensed Insurance Producer Education

Licensed Insurance Producer Majors

33.7 %

Licensed Insurance Producer Degrees

Bachelors

57.1 %

Associate

18.8 %

High School Diploma

11.7 %

Top Colleges for Licensed Insurance Producers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

2. Boston University

Boston, MA • Private

In-State Tuition

$53,948

Enrollment

17,238

3. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition

$14,760

Enrollment

31,451

4. Howard University

Washington, DC • Private

In-State Tuition

$26,756

Enrollment

6,166

5. SUNY College at Oswego

Oswego, NY • Private

In-State Tuition

$8,440

Enrollment

7,039

6. Stanford University

Stanford, CA • Private

In-State Tuition

$51,354

Enrollment

7,083

7. Baylor University

Waco, TX • Private

In-State Tuition

$45,542

Enrollment

14,159

8. University of Louisiana at Lafayette

Lafayette, LA • Private

In-State Tuition

$9,912

Enrollment

14,245

9. Ball State University

Muncie, IN • Private

In-State Tuition

$9,896

Enrollment

15,529

10. Butler University

Indianapolis, IN • Private

In-State Tuition

$41,120

Enrollment

4,553

Top Skills For a Licensed Insurance Producer

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 50.8% of licensed insurance producers listed work ethic on their resume, but soft skills such as analytical skills and communication skills are important as well.

Choose From 10+ Customizable Licensed Insurance Producer Resume templates

Zippia allows you to choose from different easy-to-use Licensed Insurance Producer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Licensed Insurance Producer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Licensed Insurance Producer Resume
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Licensed Insurance Producer Resume

Licensed Insurance Producer diversity

Licensed Insurance Producer Gender Distribution

Female
Female
61%
Male
Male
39%

After extensive research and analysis, Zippia's data science team found that:

  • Among licensed insurance producers, 60.8% of them are women, while 39.2% are men.

  • The most common race/ethnicity among licensed insurance producers is White, which makes up 65.9% of all licensed insurance producers.

  • The most common foreign language among licensed insurance producers is Spanish at 71.8%.

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Best States For a Licensed Insurance Producer

Some places are better than others when it comes to starting a career as a licensed insurance producer. The best states for people in this position are Washington, Wisconsin, Alaska, and Massachusetts. Licensed insurance producers make the most in Washington with an average salary of $76,456. Whereas in Wisconsin and Alaska, they would average $75,503 and $75,469, respectively. While licensed insurance producers would only make an average of $75,261 in Massachusetts, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. North Dakota

Total Licensed Insurance Producer Jobs: 185
Highest 10% Earn:
$97,000
Location Quotient:
1.99

2. Wisconsin

Total Licensed Insurance Producer Jobs: 678
Highest 10% Earn:
$106,000
Location Quotient:
1.22

3. Washington

Total Licensed Insurance Producer Jobs: 1,063
Highest 10% Earn:
$111,000
Location Quotient:
1.45
Full List Of Best States For Licensed Insurance Producers

How Do Licensed Insurance Producers Rate Their Jobs?

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Top Licensed Insurance Producer Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ licensed insurance producers and discovered their number of licensed insurance producer opportunities and average salary. Through our research, we concluded that National Agents Alliance was the best, especially with an average salary of $67,732. Allstate follows up with an average salary of $45,414, and then comes State Farm Insurance Agency with an average of $58,616. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a licensed insurance producer. The employers include American Family Insurance, Procore Technologies, and Horace Mann

Most Common Employers For Licensed Insurance Producer

RankCompanyAverage SalaryHourly RateJob Openings
1AIG$110,528$53.147
2Liberty Mutual Insurance$80,671$38.7810
3Combined Insurance$78,623$37.8017
4New York Life Insurance$76,770$36.918
5American Family Insurance$73,181$35.1834
6American Income Life Insurance$69,076$33.2131
7National Agents Alliance$67,732$32.56347
8SelectQuote Insurance Services$65,647$31.5630
9Optum$64,665$31.096
10Assurance$64,297$30.91100

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