Insurance sales agents

Detailed Occupation

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2021 Workforce

521k

Average Age

Estimated Job Growth

5.49%

10-year projection

Average Salary

$79,644

Average Male Salary

$103,887

Average Female Salary

$56,923

About

Insurance sales agents are most often employed by the Insurance carriers industry. The average yearly wage for Insurance sales agents was $79,644 in 2021.

The locations that employ the most Insurance sales agents are Hillsborough County (South County) PUMA, FL, West Des Moines & Urbandale Cities PUMA, IA, and Tampa City (South) PUMA, FL. The locations with a relatively high concentration of Insurance sales agents are Ocala City PUMA, FL, Hillsborough County (South County) PUMA, FL, and Greater Miami Lakes Town PUMA, FL.

Photo by Aleksi Aaltonen

Employment and salary information for the Insurance sales agents workforce. Insurance sales agents workforce in 2021 was 521,048 people, of which 51.6% were women and 48.4% were men. Insurance sales agents are paid most in St. Louis County (Central) PUMA, MO but are relatively concentrated in Ocala City PUMA, FL.

Employment Over Time

Metric

Grouping

252,078

Male Workforce

± 12.3k

268,970

Female Workforce

± 12.7k

The Insurance sales agents workforce in 2021 was 521,048 people (51.6% women and 48.4% men). This implies an average annual growth of 11.9% between 2014 (465,725) and 2021 (521,048).

Employment by Location

Level

Metric

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

During 2021, the states that concentrated the best average annual wage were Massachusetts ($116,498), New Jersey ($112,255), and Wyoming ($106,563).

Yearly Wage Ranking

$79,644

AVERAGE WAGE

#114 in the ranking (2021)

$59,596

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2021, Insurance sales agents earned an average of $79,644, $20,048 more than the average national salary of $59,596

The graph shows the ranking of Insurance sales agents in relation to all Detailed Occupation in 2021.

Wage Distribution

Gender

0.482

WAGE GINI

In 2021, Insurance sales agents had a wage GINI coefficient of 0.482, 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 Car Dealers ($87,770).

Occupations by Industries

Metric

Value

521k

2021 Workforce

± 17,691

2.51%

1 YEAR GROWTH

± 4.71%

This graphic shows the share of Insurance sales agents employed by various industries. Insurance carriers employs the largest share of Insurance sales agents at 58.4%, followed by Agencies, brokerages, and other insurance related activities with 41% and Banking & related activities with 0.616%.

Diversity

Demographic information on Insurance sales agents in the US. The workforce of Insurance sales agents in 2021 was 521,048 people, with 51.6% woman, and 48.4% men. The average age of male Insurance sales agents in the workforce is 46.2 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 2021 was 521,048 people, with 51.6% woman, and 48.4% men.

The age ranges that concentrated the largest workforce were 35 to 39 years (59,823 people), 25 to 29 years (58,467 people), and 30 to 34 years (58,208 people). Among them they concentrated 33.9% of the total workforce.

Ethnicity

Gender

In 2021, 14.7% of Insurance sales agents workers were Hispanic and 85.3% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (75%), Puerto Rican (12.6)%, and Cuban (12.3)%

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

Races

In 2021, 76.7% of the Insurance sales agents workforce were White, of which 48.7% were women and 51.3% men. Other races that concentrated a significant number of workers were Black (9.72%) and Two or More Races (5.71%).

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 2021 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 2021 (counting all academic degrees) were Business (103,909 people), Social Sciences (24,242 people), and Communications (14,823 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 (200,187 people), Some college (136,883 people), and High School or Equivalent (82,368 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 3.71%, but Insurance Sales Agents are expected to see a growth of 5.49% over the same period. This occupation is expected to grow more than the national average.

Job Growth

5.49%

Estimated Job Growth

10-year Projection

3.71%

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 3.71%, the average rate of national job growth.