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Residential sales representative vs insurance sales representative

The differences between residential sales representatives and insurance sales representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance sales representative has an average salary of $61,386, which is higher than the $54,919 average annual salary of a residential sales representative.

The top three skills for a residential sales representative include data entry, customer relationships and weed control. The most important skills for an insurance sales representative are customer service, excellent time management, and work ethic.

Residential sales representative vs insurance sales representative overview

Residential Sales RepresentativeInsurance Sales Representative
Yearly salary$54,919$61,386
Hourly rate$26.40$29.51
Growth rate4%6%
Number of jobs148,137201,879
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 59%
Average age4746
Years of experience4-

What does a residential sales representative do?

The job of a residential sales representative is to sell the products and services to potential customers. Residential sales representatives design effective strategies to generate leads, establish a plan of action, and execute it. They manage all the leads and determine their prospective clients. It is part of their job to take part in different home shows and present the products and services their company offers. Marketing, communications, leadership, and business management are some of the skills they need to develop.

What does an insurance sales representative do?

An insurance sales representative is primarily responsible for securing insurance sales by reaching out to clients through calls, correspondence, and even appointments. They are also responsible for gathering client information, discussing and recommending suitable terms, and even providing advice to meet their needs, all while building rapport to ensure customer satisfaction. There are also instances where they have to adjust existing terms, assist in filling out applications, and produce progress reports. Furthermore, it is essential to devise strategies to find new sales opportunities, as most insurance sales representatives must reach a particular sales target.

Residential sales representative vs insurance sales representative salary

Residential sales representatives and insurance sales representatives have different pay scales, as shown below.

Residential Sales RepresentativeInsurance Sales Representative
Average salary$54,919$61,386
Salary rangeBetween $39,000 And $75,000Between $38,000 And $97,000
Highest paying CityColumbia, MDWashington, DC
Highest paying stateNew JerseyNew York
Best paying companyAmerican Residential ServicesFFL Partners
Best paying industryTechnologyFinance

Differences between residential sales representative and insurance sales representative education

There are a few differences between a residential sales representative and an insurance sales representative in terms of educational background:

Residential Sales RepresentativeInsurance Sales Representative
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeSUNY College of Technology at AlfredUniversity of Pennsylvania

Residential sales representative vs insurance sales representative demographics

Here are the differences between residential sales representatives' and insurance sales representatives' demographics:

Residential Sales RepresentativeInsurance Sales Representative
Average age4746
Gender ratioMale, 72.3% Female, 27.7%Male, 53.9% Female, 46.1%
Race ratioBlack or African American, 3.8% Unknown, 3.7% Hispanic or Latino, 14.0% Asian, 5.1% White, 73.2% American Indian and Alaska Native, 0.2%Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.2% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1%
LGBT Percentage6%7%

Differences between residential sales representative and insurance sales representative duties and responsibilities

Residential sales representative example responsibilities.

  • Manage a sales team of 8 DSR's, performing as a supervisor and leading role.
  • Follow leads, complete bids, close sales and act as job foreman on all residential and commercial HVAC replacements.
  • Conduct follow-up of leads through means of telemarketing and person-to-person contact to identify customer needs.
  • Sell newspaper subscriptions to designate potential customers in order to achieve circulation sales department goals.
  • Generate sales appointments and insides sales opportunities through outbound telemarketing campaigns, including manual internet leads.
  • Contact medicare eligible recipients to sell medicare advantage plans through in-home meetings, community seminars and direct telesales.
  • Show more

Insurance sales representative example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Translate and assign diagnosis and medical procedures into CPT, ICD-9 and ICD-10 codes.
  • Lead rep for major payer.
  • Monitor the performance of each account rep.
  • Educate physicians and clinic staff on current ICD 9 and CPT coding regulations.
  • Comply with company policy, procedures, and pertinent laws and regulation such a HIPAA.
  • Show more

Residential sales representative vs insurance sales representative skills

Common residential sales representative skills
  • Data Entry, 19%
  • Customer Relationships, 17%
  • Weed Control, 12%
  • Telemarketing, 11%
  • Lawn Care, 11%
  • Cross-Selling, 11%
Common insurance sales representative skills
  • Customer Service, 17%
  • Excellent Time Management, 16%
  • Work Ethic, 12%
  • Strong Customer Service, 11%
  • Strong Work Ethic, 11%
  • Lead Generation, 4%