Licensed insurance producer demographics and statistics in the US
Licensed insurance producer demographics research summary. Zippia estimates licensed insurance producer demographics and statistics in the United States by using a database of 30 million profiles. Our licensed insurance producer 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 producers after extensive research and analysis:
- There are over 161,422 licensed insurance producers currently employed in the United States.
- 60.8% of all licensed insurance producers are women, while 39.2% are men.
- The average licensed insurance producer age is 46 years old.
- The most common ethnicity of licensed insurance producers is White (65.9%), followed by Hispanic or Latino (16.1%), Black or African American (9.4%) and Asian (4.9%).
- In 2022, women earned 93% of what men earned.
- 7% of all licensed insurance producers are LGBT.
- Licensed insurance producers are 77% more likely to work at private companies in comparison to public companies.
On this page
Licensed insurance producer demographics by:
Licensed insurance producer gender statistics
60.8% of licensed insurance producers are women and 39.2% of licensed insurance producers are men.
- Female, 60.8%
- Male, 39.2%
Licensed insurance producer gender ratio
| Gender | Percentages |
|---|---|
| Female | 60.8% |
| Male | 39.2% |
Licensed insurance producer gender pay gap
Women earn 93¢ for every $1 earned by men
Male income
$66,630
Female income
$61,755
Licensed insurance producer gender ratio over time
This data breaks down the percentage of men and women in licensed insurance producer positions over time. Currently, 60.8% of licensed insurance producers are female.
Licensed insurance producer gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 41.78% | 58.22% |
| 2011 | 41.99% | 58.01% |
| 2012 | 39.99% | 60.01% |
| 2013 | 43.09% | 56.91% |
| 2014 | 40.55% | 59.45% |
| 2015 | 42.05% | 57.95% |
| 2016 | 41.23% | 58.77% |
| 2017 | 41.27% | 58.73% |
| 2018 | 40.84% | 59.16% |
| 2019 | 39.14% | 60.86% |
| 2020 | 37.88% | 62.12% |
| 2021 | 39.24% | 60.76% |
Licensed insurance producer related jobs gender ratio
We compared licensed insurance producers 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 Producer | 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 producer demographics by race
The most common ethnicity among licensed insurance producers is White, which makes up 65.9% of all licensed insurance producers. Comparatively, 16.1% of licensed insurance producers are Hispanic or Latino and 9.4% of licensed insurance producers are Black or African American.
- White, 65.9%
- Hispanic or Latino, 16.1%
- Black or African American, 9.4%
- Asian, 4.9%
- Unknown, 3.6%
- American Indian and Alaska Native, 0.1%
Licensed insurance producer race
| Licensed insurance producer race | Percentages |
|---|---|
| White | 65.9% |
| Hispanic or Latino | 16.1% |
| Black or African American | 9.4% |
| Asian | 4.9% |
| Unknown | 3.6% |
| American Indian and Alaska Native | 0.1% |
Licensed insurance producer race and ethnicity over time
See how licensed insurance producer racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Licensed insurance producer race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.41% | 7.99% | 3.85% | 12.56% |
| 2011 | 73.96% | 7.98% | 3.96% | 12.84% |
| 2012 | 73.06% | 8.36% | 4.09% | 12.81% |
| 2013 | 72.18% | 8.98% | 4.19% | 12.95% |
| 2014 | 71.62% | 8.58% | 4.21% | 13.95% |
| 2015 | 69.95% | 9.39% | 4.04% | 14.81% |
| 2016 | 70.91% | 9.00% | 4.08% | 13.93% |
| 2017 | 69.58% | 9.28% | 4.65% | 14.56% |
| 2018 | 70.46% | 8.02% | 4.55% | 15.09% |
| 2019 | 69.14% | 8.70% | 4.36% | 16.09% |
| 2020 | 67.38% | 7.79% | 4.98% | 15.81% |
| 2021 | 65.95% | 9.38% | 4.90% | 16.07% |
Licensed insurance producer wage gap by race
According to our data, white licensed insurance producers have the highest average salary compared to other ethnicities. Black or african american licensed insurance producers have the lowest average salary at $63,202.
| Ethnicity | Salary |
|---|---|
| Unknown | $67,067 |
| White | $69,696 |
| Black or African American | $63,202 |
| Asian | $67,517 |
| Hispanic or Latino | $65,838 |
Average licensed insurance producer age
See how the average age of licensed insurance producers varies based on ethnicity and gender.
Male
Female
Licensed insurance producer 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 producer age breakdown
The average age of licensed insurance producers is 40+ years years old, representing 66% of the licensed insurance producer population.
Licensed insurance producer age breakdown
| Licensed Insurance Producer Years | Percentages |
|---|---|
| 40+ years | 66% |
| 30-40 years | 23% |
| 20-30 years | 11% |
Licensed insurance producer educational attainment
The most common degree for licensed insurance producers is bachelor's degree, with 57% of licensed insurance producers earning that degree. The second and third most common degree levels are associate degree degree at 19% and associate degree degree at 12%.
- Bachelor's, 57%
- Associate, 19%
- High School Diploma, 12%
- Master's, 5%
- Other Degrees, 7%
Licensed insurance producers by degree level
| Licensed insurance producer degree | Percentages |
|---|---|
| Bachelor's | 57% |
| Associate | 19% |
| High School Diploma | 12% |
| Master's | 5% |
| Other Degrees | 7% |
Licensed insurance producer jobs you might like
Licensed insurance producer wage gap by degree level
According to the data, licensed insurance producers with a Bachelor's degree earn more than those without, at $73,806 annually. With a Master's degree, licensed insurance producers earn a median annual income of $73,668 compared to $69,575 for licensed insurance producers with an Doctorate degree.
| Education | Salary |
|---|---|
| Master's Degree | $73,668 |
| High School Diploma or Less | $61,736 |
| Bachelor's Degree | $73,806 |
| Doctorate Degree | $69,575 |
| Some College/ Associate Degree | $61,545 |
Licensed insurance producer employment statistics
Most licensed insurance producers work for a private in the insurance industry.
Company size where licensed insurance producers work
Below, you can see the size of companies where licensed insurance producers work.
Licensed insurance producer jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 9% |
| 50 - 100 employees | 20% |
| 100 - 500 employees | 18% |
| 500 - 1,000 employees | 7% |
| 1,000 - 10,000 employees | 28% |
| > 10,000 employees | 19% |
Licensed insurance producer jobs by company type
Employees with the licensed insurance producer job title have their preferences when it comes to working for a company. For instance, most licensed insurance producers prefer to work at private companies over public companies.
Licensed insurance producer jobs by sector
| Company type | Percentages |
|---|---|
| Education | 1% |
| Public | 17% |
| Private | 77% |
| Government | 4% |
Licensed insurance producer jobs by industry
The most common industries for licensed insurance producers are insurance, professional and finance.
Licensed insurance producer industry statistics
| Industry | Percentages |
|---|---|
| Insurance | 37% |
| Professional | 13% |
| Fortune 500 | 12% |
| Finance | 11% |
| Technology | 5% |
| Media | 3% |
| Government | 3% |
| Manufacturing | 3% |
| Health Care | 3% |
| Hospitality | 2% |
| Start-up | 2% |
| Transportation | 1% |
| Automotive | 1% |
| Utilities | 1% |
| Construction | 1% |
| Retail | 1% |
| Agriculture | 1% |
| Non Profits | 1% |
| Real Estate | 1% |
| Education | 1% |
| Energy | 1% |
Licensed insurance producer turnover and employment statistics
Licensed insurance producer unemployment rate over time
The unemployment rate for licensed insurance producers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Licensed insurance producer unemployment rate by year
| Year | Licensed insurance producer 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 producer tenure
The average licensed insurance producer stays at their job for 1-2 years, based on the 2,126 licensed insurance producers resumes in Zippia's database.
Licensed insurance producer tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 24% |
| 1-2 years | 32% |
| 3-4 years | 10% |
| 5-7 years | 19% |
| 8-10 years | 7% |
| 11+ years | 7% |
Licensed insurance producer LGBT ratio compared to similar jobs
Review the percent of licensed insurance producers 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 |
|---|---|---|
| Renewable Energy Trader | 5.13% | 3,587 |
| Speculator | 5.67% | 3,780 |
| Licensed Insurance Producer | 6.79% | - |
| Time Buyer | 9.53% | 9,110 |
| Auto Travel Counselor | 17.39% | 34,267 |
Similar licensed insurance producer jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Renewable Energy Trader | 5.13% | 3,587 |
| Speculator | 5.67% | 3,780 |
| Time Buyer | 9.53% | 9,110 |
| Auto Travel Counselor | 17.39% | 34,267 |
Foreign languages spoken by licensed insurance producers
The most common foreign language among licensed insurance producers is Spanish at 71.8%. The second-most popular foreign language spoken is German at 4.2% and Portuguese is the third-most popular at 2.8%.
- Spanish, 71.8%
- German, 4.2%
- Portuguese, 2.8%
- French, 2.8%
- Chinese, 1.4%
- Other, 17.0%
Licensed insurance producer languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 71.8% |
| German | 4.2% |
| Portuguese | 2.8% |
| French | 2.8% |
| Chinese | 1.4% |
| Other | 17.0% |
