Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between personal lines account managers and insurance brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance broker has an average salary of $94,006, which is higher than the $51,472 average annual salary of a personal lines account manager.
The top three skills for a personal lines account manager include customer service, management system and account management. The most important skills for an insurance broker are customer service, life insurance products, and lead generation.
| Personal Lines Account Manager | Insurance Broker | |
| Yearly salary | $51,472 | $94,006 |
| Hourly rate | $24.75 | $45.20 |
| Growth rate | 6% | 6% |
| Number of jobs | 73,055 | 38,403 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Personal lines account managers must have insurance agent licensing, field expertise, and technical understanding of personal line coverages and industry procedures. They are required to meet client insurance needs and to provide prompt, accurate, and professional services to clients and companies. This career pays an average of $63K per year.
Insurance brokers are responsible for assisting clients to determine their liability risks and in selecting the appropriate policies for their family, home, business, or automobile to ensure their protection. They direct clients in creating a sound decision and supply them with a variety of quotes that best suit their needs. Their duties include demonstrating the benefits, terms, conditions, and suspension for a number of participating insurance policies. Also, they may negotiate lesser rates for their clients and continue in guiding these clients in technical issues like filing a claim or changing their insurance coverage.
Personal lines account managers and insurance brokers have different pay scales, as shown below.
| Personal Lines Account Manager | Insurance Broker | |
| Average salary | $51,472 | $94,006 |
| Salary range | Between $39,000 And $67,000 | Between $62,000 And $141,000 |
| Highest paying City | Milwaukee, WI | Birmingham, AL |
| Highest paying state | Alaska | Washington |
| Best paying company | Browning Day | Liberty Mutual Insurance |
| Best paying industry | Utilities | Insurance |
There are a few differences between a personal lines account manager and an insurance broker in terms of educational background:
| Personal Lines Account Manager | Insurance Broker | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between personal lines account managers' and insurance brokers' demographics:
| Personal Lines Account Manager | Insurance Broker | |
| Average age | 46 | 46 |
| Gender ratio | Male, 15.0% Female, 85.0% | Male, 62.5% Female, 37.5% |
| Race ratio | Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% American Indian and Alaska Native, 0.1% | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |