Once You Get a Insurance License is It Easy to Find a Job
A licensed insurance agent works for an insurance company and sells insurance policies to customers new and old. Licensed insurance agents usually have a caseload of current customers that they assist. They answer any questions that customers may have about their policies and use their customer service skills to resolve problems, such as issues with coverage. Licensed insurance agents also need to generate revenue for their company by finding new clients and selling additional policies to existing ones. They need to have excellent communications skills and an extensive knowledge of their company's policies in order to succeed in this position.
Licensed insurance agents need a license from their state in order to work. To get licensed, they need to take a short course on insurance then pass an exam.
There are many different paths to getting an insurance license. Some agents have a bachelor's degree, while others only have a high school diploma and experience working in customer service. Once they are licensed, insurance agents can earn an average salary of $70,610 a year.
There is more than meets the eye when it comes to being a licensed insurance agent. For example, did you know that they make an average of $23.16 an hour? That's $48,180 a year!
Between 2018 and 2028, the career is expected to grow 10% and produce 48,300 job opportunities across the U.S.
What Does a Licensed Insurance Agent Do
There are certain skills that many licensed insurance agents have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, self-confidence and analytical skills.
How To Become a Licensed Insurance Agent
If you're interested in becoming a licensed insurance agent, one of the first things to consider is how much education you need. We've determined that 50.0% of licensed insurance agents have a bachelor's degree. In terms of higher education levels, we found that 5.2% of licensed insurance agents have master's degrees. Even though most licensed insurance agents have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a licensed insurance agent. When we researched the most common majors for a licensed insurance agent, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on licensed insurance agent resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a licensed insurance agent. In fact, many licensed insurance agent jobs require experience in a role such as customer service representative. Meanwhile, many licensed insurance agents also have previous career experience in roles such as cashier or sales associate.
Top
Licensed Insurance Agent
Jobs Near You
Licensed Insurance Agent Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of agent you might progress to a role such as account executive eventually. Later on in your career, you could end up with the title national account manager.
Average Salary for a Licensed Insurance Agent
Licensed Insurance Agents
in America make an average salary of
$48,180
per year or
$23
per hour. The top 10 percent makes over
$78,000
per year, while the bottom 10 percent under
$29,000
per year.
Average
Licensed Insurance Agent
Salary
$48,180 Yearly
What Am I Worth?
Licensed Insurance Agent Education
Top Colleges for Licensed Insurance Agents
1. University of Pennsylvania
Philadelphia, PA • Private
2. Boston University
Boston, MA • Private
3. University of Minnesota - Twin Cities
Minneapolis, MN • Private
4. Howard University
Washington, DC • Private
5. SUNY College at Oswego
Oswego, NY • Private
6. Stanford University
Stanford, CA • Private
7. Baylor University
Waco, TX • Private
8. University of Louisiana at Lafayette
Lafayette, LA • Private
9. Ball State University
Muncie, IN • Private
10. Butler University
Indianapolis, IN • Private
Top Skills For a Licensed Insurance Agent
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 26.0% of licensed insurance agents listed life insurance on their resume, but soft skills such as communication skills and self-confidence are important as well.
- Life Insurance , 26.0%
- Customer Service , 22.3%
- Financial Resources , 7.1%
- New Clients , 7.1%
- Outbound Calls , 6.2%
- Other Skills , 31.3%
Licensed Insurance Agent Demographics
Licensed Insurance Agent Gender Distribution
Female
Male
After extensive research and analysis, Zippia's data science team found that:
- Among licensed insurance agents, 61.0% of them are women, while 39.0% are men.
- The most common race/ethnicity among licensed insurance agents is White, which makes up 69.7% of all licensed insurance agents.
- The most common foreign language among licensed insurance agents is Spanish at 66.3%.
Online Courses For Licensed Insurance Agent That You May Like
Advertising Disclosure The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Fundamentals of Insurance - 1
Fundamentals of Insurance - 1...
Excel Skills for Insurance Professionals
From Vlookups to Pivot Tables: Learn the Excel basics anyone working in the insurance industry needs to know!...
Financial Analysis of Insurance Companies – Industry Overview and Analysis of Financial and Regulatory Reporting
Want to gain a solid understanding of the unique analysis methods needed to assess the financial strength and operating performance of insurance companies in the US and Europe? We'll begin this course with a look at the main lines of business and the current operating environment of the Life and Health sector of the industry. We will also discuss the impact of changes in interest rates on investment earnings and sales of annuity products. Next, we'll turn our attention to the property and...
Best States For a Licensed Insurance Agent
Some places are better than others when it comes to starting a career as a licensed insurance agent. The best states for people in this position are Hawaii, Alaska, Rhode Island, and New Hampshire. Licensed insurance agents make the most in Hawaii with an average salary of $81,731. Whereas in Alaska and Rhode Island, they would average $78,522 and $74,709, respectively. While licensed insurance agents would only make an average of $74,666 in New Hampshire, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
How Do Licensed Insurance Agent Rate Their Jobs?
Top Licensed Insurance Agent Employers
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ licensed insurance agents and discovered their number of licensed insurance agent opportunities and average salary. Through our research, we concluded that GEICO was the best, especially with an average salary of $42,842. Allstate follows up with an average salary of $41,492, and then comes National Agents Alliance with an average of $50,570. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a licensed insurance agent. The employers include Fidelity National Financial, Sentry, and Asurea
Licensed Insurance Agent Videos
Insurance Licensing Exam Information - AmericasProfessor.com
Insurance Agents : How Much Money Does an Insurance Agent Earn?
A Day in the Life of a Life Insurance Agent
Source: https://www.zippia.com/licensed-insurance-agent-jobs/
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