Insurance sales agents

Detailed Occupation

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2024 Workforce

559k

Average Age

45.1

Estimated Job Growth

3.69%

10-year projection

Average Salary

$89,127

Average Male Salary

$116,703

Average Female Salary

$64,615

About

Insurance sales agents are most often employed by the Agencies, brokerages, and other insurance related activities industry. The average yearly wage for Insurance sales agents was $89,127 in 2024.

The locations that employ the most Insurance sales agents are Oklahoma County (Northwest)--NW Oklahoma City, Bethany & Warr Acres Cities PUMA, OK, Middle Georgia Regional Commission (South)--Houston & Pulaski Counties PUMA, GA, and Hillsborough County (Northwest) PUMA, FL. The locations with a relatively high concentration of Insurance sales agents are Hillsborough County (Southeast) PUMA, FL, Marion County (Central)--Ocala City PUMA, FL, and Polk County (Northwest) PUMA, FL.

Photo by Aleksi Aaltonen

Employment

Employment and salary information for the Insurance sales agents workforce. Insurance sales agents workforce in 2024 was 559,432 people, of which 52.9% were women and 47.1% were men.

Insurance sales agents are paid most in NYC-Manhattan Community District 7--Upper West Side PUMA, NY but are relatively concentrated in Hillsborough County (Southeast) PUMA, FL.

Employment Over Time

Metric

Grouping

263,257

Male Workforce

± 12.6k

296,175

Female Workforce

± 13.3k

The Insurance sales agents workforce in 2024 was 559,432 people (52.9% women and 47.1% men). This implies an average annual growth of 19.2% between 2014 (469,348) and 2024 (559,432).

Employment by Location

Level

Metric

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

During 2024, the states that concentrated the best average annual wage were Massachusetts ($126,299), South Dakota ($120,632), and New Jersey ($118,886).

Yearly Wage Ranking

$89,127

AVERAGE WAGE

#98 in the ranking (2014)

$69,878

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2024, Insurance sales agents earned an average of $89,127, $19,249 more than the average national salary of $69,878

The graph shows the ranking of Insurance sales agents in relation to all Detailed Occupation in 2014.

In 2024, Insurance sales agents had a wage GINI coefficient of 0.48, which is higher than the national average of 0.474. 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. Agencies, brokerages, and other insurance related activities 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 ($278,665).

Occupations by Industries

Metric

Value

559k

2024 Workforce

± 18,330

0.88%

1 YEAR GROWTH

± 4.6%

This graphic shows the share of Insurance sales agents employed by various industries. Agencies, brokerages, and other insurance related activities employs the largest share of Insurance sales agents at 52.7%, followed by Insurance carriers with 46.3% and Securities, commodities, funds, trusts & other financial investments with 0.548%.

Diversity

Demographic information on Insurance sales agents in the US. The workforce of Insurance sales agents in 2024 was 559,432 people, with 52.9% woman, and 47.1% men. The average age of male Insurance sales agents in the workforce is 46.1 and of female Insurance sales agents is 44.1, and the most common race/ethnicity for Insurance sales agents is White.

Gender and Age

Metric

The workforce of Insurance sales agents in 2024 was 559,432 people, with 52.9% woman, and 47.1% men.

The age ranges that concentrated the largest workforce were 30 to 34 years (62,693 people), 35 to 39 years (62,355 people), and 25 to 29 years (62,065 people). Among them they concentrated 33.5% of the total workforce.

Ethnicity

Gender

In 2024, 16.2% of Insurance sales agents workers were Hispanic and 83.8% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (50.9%), Puerto Rican (12.9)%, and Cuban (7.45)%

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

Races

In 2024, 70.2% of the Insurance sales agents workforce were White, of which 49.3% were women and 50.7% men. Other races that concentrated a significant number of workers were Two or More Races (10.9%) and Black (10%).

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 2024 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 2024 (counting all academic degrees) were Business (108,249 people), Social Sciences (22,667 people), and Communications (16,440 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 (210,106 people), Some college (143,767 people), and High School or Equivalent (88,900 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 3.07%, but Insurance Sales Agents are expected to see a growth of 3.69% over the same period. This occupation is expected to grow more than the national average.

Job Growth

3.69%

Estimated Job Growth

10-year Projection

3.07%

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 3.07%, the average rate of national job growth.