The average insurance sales representative makes $72,940 in the United States. The average hourly pay for an insurance sales representative is $35.07. The average entry-level insurance sales representative salary is $62,000.
Do insurance sales agents make good money?
The US Bureau of Labor Statistics reports that an insurance agent made $50,940 per year on average in 2019. The lowest 10% in the industry earned more like $28,000, and the highest 10% earned over $125,000. The way you earn your income differs depending on which company you work for and what kind of insurance you sell.Oct 18, 2020
What insurance sales pay the most?
Best-Paying States for Insurance Sales Agents The states and districts that pay Insurance Sales Agents the highest mean salary are Massachusetts ($86,330), District of Columbia ($83,710), New York ($83,360), Wisconsin ($76,410), and Minnesota ($76,260). How Much Do Insurance Sales Agents Make in Your City?
Is an insurance sales rep a good job?
Pros of working in insurance sales According to the U.S. Bureau of Labor Statistics, the job outlook for insurance sales agents is positive, with an estimated growth rate of 5% between 2019 and 2029. This number amounts to 27,500 new jobs, marking a higher growth estimate than average for all occupations.Dec 3, 2021
What do insurance sales representatives do?
Insurance sales agents contact potential customers and sell one or more types of insurance. Insurance sales agents explain various insurance policies and help clients choose plans that suit them.Oct 29, 2021
What is the duties and responsibilities of Sales Representative?
- Serves customers by selling products and meeting customer needs.
- Services existing accounts, obtains orders, and establishes new accounts by planning and organizing daily work schedule to call on existing or potential sales outlets and other trade factors.
What does an entry level insurance Sales Representative do?
An entry level insurance agent assists insurance broker's commercial customers by answering questions about policies, adjusting coverage and creating identification cards and proof of insurance documents.
Is insurance sales a bad job?
CareerCast ranked being an insurance agent 155th out of 200 on the worst jobs list. They rank the stress as “average,” whatever that means. A good income makes up for a lot of stress for many people, so that helps. ... That likely removes most of the perceived stress in the industry.Oct 18, 2020
Which type of insurance agent makes the most money?
auto insurance
How much do life insurance sales reps make?
While ZipRecruiter is seeing annual salaries as high as $150,500 and as low as $24,000, the majority of Life Insurance Sales salaries currently range between $61,000 (25th percentile) to $100,000 (75th percentile) with top earners (90th percentile) making $129,500 annually across the United States.