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The differences between licensed sales agents and insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance agent has an average salary of $51,936, which is higher than the $36,453 average annual salary of a licensed sales agent.
The top three skills for a licensed sales agent include real estate, lead generation and customer service. The most important skills for an insurance agent are customer service, insurance sales, and health insurance.
| Licensed Sales Agent | Insurance Agent | |
| Yearly salary | $36,453 | $51,936 |
| Hourly rate | $17.53 | $24.97 |
| Growth rate | 10% | 6% |
| Number of jobs | 63,324 | 67,977 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 53% |
| Average age | 43 | 46 |
| Years of experience | 6 | - |
A sales agent is the one who serves as a seller for the customer. They are the one who fulfills and allows them to choose a product or item that they need. Some of their tasks include offering products, taking orders, and providing services for clients. Also, they keep the required documents to report errors or dissatisfaction. Their skills involve being customer-oriented, good management skills, and can communicate effectively.
An insurance agent is responsible for inviting potential clients to the insurance company by offering different insurance services. Insurance agents must have a comprehensive knowledge of insurance types to provide the clients with the best insurance option in the market. The insurance agents should evaluate a client's long-term needs and financial goals to create individual packages as the insurance company allowed. An insurance agent also handles policy renewals and keeps customers' insurance files for reference.
Licensed sales agents and insurance agents have different pay scales, as shown below.
| Licensed Sales Agent | Insurance Agent | |
| Average salary | $36,453 | $51,936 |
| Salary range | Between $25,000 And $51,000 | Between $30,000 And $88,000 |
| Highest paying City | Minnetonka, MN | New York, NY |
| Highest paying state | New York | Hawaii |
| Best paying company | Oracle | Z Capital Group |
| Best paying industry | Finance | Finance |
There are a few differences between a licensed sales agent and an insurance agent in terms of educational background:
| Licensed Sales Agent | Insurance Agent | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between licensed sales agents' and insurance agents' demographics:
| Licensed Sales Agent | Insurance Agent | |
| Average age | 43 | 46 |
| Gender ratio | Male, 45.1% Female, 54.9% | Male, 51.6% Female, 48.4% |
| Race ratio | Black or African American, 5.9% Unknown, 4.2% Hispanic or Latino, 12.6% Asian, 9.5% White, 67.6% American Indian and Alaska Native, 0.2% | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 6% | 7% |