Insurance sales agents

Detailed Occupation

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2022 Workforce

536k

Average Age

45.1

Estimated Job Growth

7.92%

10-year projection

Average Salary

$84,680

Average Male Salary

$110,285

Average Female Salary

$61,099

About

Insurance sales agents are most often employed by the Insurance carriers industry. The average yearly wage for Insurance sales agents was $84,680 in 2022.

The locations that employ the most Insurance sales agents are Jefferson County (Southeast)--Hoover (North), Vestavia Hills & Homewood Cities PUMA, AL, #null, and Duval County (Southeast)--Jacksonville City (Southeast) PUMA, FL. The locations with a relatively high concentration of Insurance sales agents are Marion County (Central)--Ocala City PUMA, FL, Jackson, Nicholas, Roane, Braxton, Clay, Gilmer, Calhoun Counties PUMA, WV, and Hillsborough County (Southwest) PUMA, FL.

Photo by Aleksi Aaltonen

Employment and salary information for the Insurance sales agents workforce. Insurance sales agents workforce in 2022 was 535,704 people, of which 52.1% were women and 47.9% were men. Insurance sales agents are paid most in Monmouth County (Central) PUMA, NJ but are relatively concentrated in Marion County (Central)--Ocala City PUMA, FL.

Employment Over Time

Metric

Grouping

256,832

Male Workforce

± 12.4k

278,872

Female Workforce

± 13k

The Insurance sales agents workforce in 2022 was 535,704 people (52.1% women and 47.9% men). This implies an average annual growth of 14.1% between 2014 (469,348) and 2022 (535,704).

Employment by Location

Level

Metric

This map shows the states in the United States shaded by average wage for Insurance sales agents.

During 2022, the states that concentrated the best average annual wage were Massachusetts ($126,530), New Jersey ($115,478), and Wyoming ($113,904).

Yearly Wage Ranking

$84,680

AVERAGE WAGE

#119 in the ranking (2022)

$64,683

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2022, Insurance sales agents earned an average of $84,680, $19,997 more than the average national salary of $64,683

The graph shows the ranking of Insurance sales agents in relation to all Detailed Occupation in 2022.

Wage Distribution

Gender

0.479

WAGE GINI

In 2022, Insurance sales agents had a wage GINI coefficient of 0.479, which is higher than the national average of 0.478. In other words, wages are distributed less evenly for Insurance sales agents (shown in red) than for the overall labor force (shown in gray).

The graphic shows the distribution of average salaries by buckets for Insurance sales agents compared to the entire workforce in the country.

Industry

Information on the industries that employ Insurance sales agents and on wages for those in the field. Insurance carriers is the industry that employs the most Insurance sales agents, both by share and by number, though the highest paid industry for Insurance sales agents, by average wage, is Management, scientific & technical consulting services ($179,343).

Occupations by Industries

Metric

Value

536k

2022 Workforce

± 17,938

2.09%

1 YEAR GROWTH

± 4.66%

This graphic shows the share of Insurance sales agents employed by various industries. Insurance carriers employs the largest share of Insurance sales agents at 50.6%, followed by Agencies, brokerages, and other insurance related activities with 48.8% and Banking & related activities with 0.649%.

Diversity

Demographic information on Insurance sales agents in the US. The workforce of Insurance sales agents in 2022 was 535,704 people, with 52.1% woman, and 47.9% men. The average age of male Insurance sales agents in the workforce is 46.3 and of female Insurance sales agents is 43.9, and the most common race/ethnicity for Insurance sales agents is White.

Gender and Age

Metric

The workforce of Insurance sales agents in 2022 was 535,704 people, with 52.1% woman, and 47.9% men.

The age ranges that concentrated the largest workforce were 35 to 39 years (61,331 people), 25 to 29 years (59,465 people), and 40 to 44 years (58,735 people). Among them they concentrated 33.5% of the total workforce.

Ethnicity

Gender

In 2022, 15.6% of Insurance sales agents workers were Hispanic and 84.4% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (71.5%), Puerto Rican (17)%, and Cuban (11.5)%

You can review this information by gender using the selectors above.

Races

In 2022, 74.4% of the Insurance sales agents workforce were White, of which 49% were women and 51% men. Other races that concentrated a significant number of workers were Black (9.9%) and Two or More Races (7.35%).

Education & Skills

Data on higher education choices for Insurance sales agents from The Department of Education and Census Bureau. The most common major for Insurance sales agents is Business but the most specialized major according to RCA in 2022 were Business.

Among the necessary skills for Insurance sales agents, Reading Comprehension stands, but the revealed comparative advantage (RCA) shows that Insurance sales agents need more than the average amount of Persuasion.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

Type of Majors

Degree

The most common majors achieved by Insurance sales agents in 2022 (counting all academic degrees) were Business (106,161 people), Social Sciences (24,029 people), and Communications (15,877 people).

You can review this information for different academic grades by modifying the option selected in the selector above.

Education Levels

Metric

The main educational levels achieved by the Insurance sales agents workers were Bachelors Degree (204,732 people), Some college (137,515 people), and High School or Equivalent (85,286 people).

The graphic shows the Insurance sales agents workforce by gender and educational level.

Skills

Chart

Value

Data on the critical and distinctive skills necessary for Insurance sales agents from the Bureau of Labor Statistics. Insurance sales agents need many skills, but most especially Reading Comprehension, Active Listening, Speaking.

Projections

Projections on job growth for Insurance Sales Agents from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 2.84%, but Insurance Sales Agents are expected to see a growth of 7.92% over the same period. This occupation is expected to grow more than the national average.

Job Growth

7.92%

Estimated Job Growth

10-year Projection

2.84%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Insurance sales agents. This profession is expected to grow more than than 2.84%, the average rate of national job growth.