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Surety bond agent vs insurance sales agent

The differences between surety bond agents and insurance sales agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance sales agent has an average salary of $49,587, 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 sales agent are customer service, casualty insurance, and work ethic.

Surety bond agent vs insurance sales agent overview

Surety Bond AgentInsurance Sales Agent
Yearly salary$37,289$49,587
Hourly rate$17.93$23.84
Growth rate6%6%
Number of jobs28,69073,485
Job satisfaction--
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 51%
Average age4646
Years of experience--

Surety bond agent vs insurance sales agent salary

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

Surety Bond AgentInsurance Sales Agent
Average salary$37,289$49,587
Salary rangeBetween $22,000 And $61,000Between $30,000 And $80,000
Highest paying City-New York, NY
Highest paying state-Hawaii
Best paying company-Torchmark
Best paying industry-Finance

Differences between surety bond agent and insurance sales agent education

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

Surety Bond AgentInsurance Sales Agent
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 51%
Most common majorBusinessBusiness
Most common collegeHoward UniversityUniversity of Pennsylvania

Surety bond agent vs insurance sales agent demographics

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

Surety Bond AgentInsurance Sales Agent
Average age4646
Gender ratioMale, 53.9% Female, 46.1%Male, 51.5% Female, 48.5%
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, 9.4% 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 sales agent 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 sales agent example responsibilities.

  • Train and manage employees and achieve significant improvements in their productivity & maintain sales go9als consistently.
  • Used consultative upselling techniques to provide leads
  • Calculate rates and premiums for fire, casualty insurance, automobile, homeowners, and other specialize insurance policies.
  • License property and casualty insurance agent and office manager.
  • Market property and casualty insurance to potential clients while assisting policyholders with coverage and claims.
  • Follow strict HIPPA regulations while dealing with delicate information.
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Surety bond agent vs insurance sales agent skills

Common surety bond agent skills
  • Surety, 39%
  • Bonds, 25%
  • Customer Service, 20%
  • Court Appearances, 9%
  • Court Dates, 7%
Common insurance sales agent skills
  • Customer Service, 16%
  • Casualty Insurance, 14%
  • Work Ethic, 11%
  • Insurance Coverage, 8%
  • AAA, 8%
  • Develop Leads, 5%