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The differences between personal lines account managers and licensed insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a licensed insurance agent has an average salary of $54,118, 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 a licensed insurance agent are excellent time management, work ethic, and strong customer service.
| Personal Lines Account Manager | Licensed Insurance Agent | |
| Yearly salary | $51,472 | $54,118 |
| Hourly rate | $24.75 | $26.02 |
| Growth rate | 6% | 6% |
| Number of jobs | 73,055 | 78,016 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 50% |
| 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.
A licensed insurance agent is primarily responsible for finding and utilizing opportunities to secure insurance sales. Moreover, a licensed insurance agent must reach out to potential clients, discuss and negotiate terms, respond to inquiries, and perform various assessments to determine their ability to uphold financial obligations. Besides building a client base, they also need to handle current policies, process renewals, monitor claims, maintain an accurate record of transactions, prepare progress reports and strategies, and distribute policy proceeds according to the company rules and regulations.
Personal lines account managers and licensed insurance agents have different pay scales, as shown below.
| Personal Lines Account Manager | Licensed Insurance Agent | |
| Average salary | $51,472 | $54,118 |
| Salary range | Between $39,000 And $67,000 | Between $32,000 And $88,000 |
| Highest paying City | Milwaukee, WI | Washington, DC |
| Highest paying state | Alaska | Hawaii |
| Best paying company | Browning Day | Torchmark |
| Best paying industry | Utilities | Finance |
There are a few differences between a personal lines account manager and a licensed insurance agent in terms of educational background:
| Personal Lines Account Manager | Licensed Insurance Agent | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between personal lines account managers' and licensed insurance agents' demographics:
| Personal Lines Account Manager | Licensed Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 15.0% Female, 85.0% | Male, 39.0% Female, 61.0% |
| 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, 9.2% Unknown, 3.6% Hispanic or Latino, 15.7% Asian, 4.9% White, 66.5% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |