Insurance sales agents

Detailed Occupation

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2023 Workforce

555k

Average Age

Estimated Job Growth

6.1%

10-year projection

Average Salary

$87,295

Average Male Salary

$114,670

Average Female Salary

$62,922

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 $87,295 in 2023.

The locations that employ the most Insurance sales agents are Douglas County--Omaha City (Northwest) PUMA, NE, Hillsborough County (Northwest) PUMA, FL, and Orange County (Central)--Orlando City (West Downtown) & Pine Hills (Southeast) PUMA, FL. The locations with a relatively high concentration of Insurance sales agents are Marion County (Central)--Ocala City PUMA, FL, Orange County (Central)--Orlando City (West Downtown) & Pine Hills (Southeast) PUMA, FL, and Hillsborough County (Southeast) PUMA, FL.

Photo by Aleksi Aaltonen

Employment and salary information for the Insurance sales agents workforce. Insurance sales agents workforce in 2023 was 554,551 people, of which 52.9% were women and 47.1% were men. Insurance sales agents are paid most in Atlantic County (East)--Atlantic City, Pleasantville, Northfield & Coast PUMA, NJ but are relatively concentrated in Marion County (Central)--Ocala City PUMA, FL.

Employment Over Time

Metric

Grouping

261,185

Male Workforce

± 12.5k

293,366

Female Workforce

± 13.3k

The Insurance sales agents workforce in 2023 was 554,551 people (52.9% women and 47.1% men). This implies an average annual growth of 18.2% between 2014 (469,348) and 2023 (554,551).

Employment by Location

Level

Metric

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

During 2023, the states that concentrated the best average annual wage were Massachusetts ($126,233), New Jersey ($120,842), and New Hampshire ($106,696).

Yearly Wage Ranking

$87,295

AVERAGE WAGE

#118 in the ranking (2023)

$67,727

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2023, Insurance sales agents earned an average of $87,295, $19,568 more than the average national salary of $67,727

The graph shows the ranking of Insurance sales agents in relation to all Detailed Occupation in 2023.

Wage Distribution

Gender

0.479

WAGE GINI

In 2023, Insurance sales agents had a wage GINI coefficient of 0.479, which is higher than the national average of 0.476. 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 ($200,609).

Occupations by Industries

Metric

Value

555k

2023 Workforce

± 18,250

3.34%

1 YEAR GROWTH

± 4.54%

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 50.8%, followed by Insurance carriers with 48.1% and uninformed with 0.622%.

Diversity

Demographic information on Insurance sales agents in the US. The workforce of Insurance sales agents in 2023 was 554,551 people, with 52.9% woman, and 47.1% 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 2023 was 554,551 people, with 52.9% woman, and 47.1% men.

The age ranges that concentrated the largest workforce were 40 to 44 years (62,754 people), 25 to 29 years (62,383 people), and 35 to 39 years (62,106 people). Among them they concentrated 33.8% of the total workforce.

Ethnicity

Gender

In 2023, 15.9% of Insurance sales agents workers were Hispanic and 84.1% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (50.5%), Puerto Rican (12.9)%, and Cuban (7.84)%

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

Races

In 2023, 71.9% of the Insurance sales agents workforce were White, of which 49.6% were women and 50.4% men. Other races that concentrated a significant number of workers were Black (10.6%) and Two or More Races (8.92%).

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 2023 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 2023 (counting all academic degrees) were Business (107,918 people), Social Sciences (23,214 people), and Communications (16,149 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 (210,002 people), Some college (142,840 people), and High School or Equivalent (87,066 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 4.02%, but Insurance Sales Agents are expected to see a growth of 6.1% over the same period. This occupation is expected to grow more than the national average.

Job Growth

6.1%

Estimated Job Growth

10-year Projection

4.02%

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 4.02%, the average rate of national job growth.