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Surety bond agent vs insurance producer

The differences between surety bond agents and insurance producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance producer has an average salary of $65,112, which is higher than the $37,289 average annual salary of a surety bond agent.

The top three skills for a surety bond agent include surety, bonds and customer service. The most important skills for an insurance producer are casualty insurance, customer service, and develop leads.

Surety bond agent vs insurance producer overview

Surety Bond AgentInsurance Producer
Yearly salary$37,289$65,112
Hourly rate$17.93$31.30
Growth rate6%6%
Number of jobs28,69044,922
Job satisfaction--
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 53%
Average age4646
Years of experience--

Surety bond agent vs insurance producer salary

Surety bond agents and insurance producers have different pay scales, as shown below.

Surety Bond AgentInsurance Producer
Average salary$37,289$65,112
Salary rangeBetween $22,000 And $61,000Between $45,000 And $93,000
Highest paying City-Madison, WI
Highest paying state-Wisconsin
Best paying company-Dahl Consulting
Best paying industry-Real Estate

Differences between surety bond agent and insurance producer education

There are a few differences between a surety bond agent and an insurance producer in terms of educational background:

Surety Bond AgentInsurance Producer
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeHoward UniversityUniversity of Pennsylvania

Surety bond agent vs insurance producer demographics

Here are the differences between surety bond agents' and insurance producers' demographics:

Surety Bond AgentInsurance Producer
Average age4646
Gender ratioMale, 53.9% Female, 46.1%Male, 51.9% Female, 48.1%
Race ratioBlack or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.7% Asian, 4.8% White, 66.6% American Indian and Alaska Native, 0.1%Black or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between surety bond agent and insurance producer duties and responsibilities

Surety bond agent example responsibilities.

  • Manage employees, handle complaints, employee scheduling, and payroll.
  • Maintain accuracy in calculating interest and commissions on surety bonds.
  • Process all bonds, error free, as necessary and where power of attorney is granted.
  • Conduct surety education sessions for sales and production staff
  • Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
  • Help clients with changes require to their bond in a quick and timely manner.
  • Show more

Insurance producer example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Facilitate communications between doctors, hospitals, third party insurance companies and patients to obtain and verify patient billing information.
  • Deliver on the GEICO promise to customers by solving problems and giving competent insurance advice in a courteous and proficient manner.

Surety bond agent vs insurance producer skills

Common surety bond agent skills
  • Surety, 39%
  • Bonds, 25%
  • Customer Service, 20%
  • Court Appearances, 9%
  • Court Dates, 7%
Common insurance producer skills
  • Casualty Insurance, 7%
  • Customer Service, 7%
  • Develop Leads, 6%
  • Health Insurance, 6%
  • Financial Services, 5%
  • Phone Calls, 5%