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Occupational Employment Statistics


DETAILED OCCUPATION DATA

41-3021 Insurance Sales Agents



Sell life, property, casualty, health, automotive, or other types of insurance. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company.

Geography Click link for Career Profile EmploymentEmp SE*Percentiles
Mean10th25thMedian75th90th
Northeast Minnesota 33030$35.40/hr$15.67/hr$22.72/hr$29.06/hr$38.85/hr$61.96/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
ManufacturingN/AN/A
Trade, Transportation and UtilitiesN/AN/A
Financial Activities8,400$32.27/hr
Professional and Business Services80$24.44/hr
Other Services10$54.93/hr
Public Administration30$19.44/hr
 
Geography Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Mankato-North Mankato MN MSA 60$29.88/hrN/A
Northeast Balance of State 100$31.20/hrN/A
Grand Forks ND-MN MSA 120$31.22/hrN/A
La Crosse WI-MN MSA 190N/AN/A
Rochester MN MSA 210N/AN/A
St Cloud MN MSA 240$29.49/hrN/A
Southeast Balance of State 250$25.01/hrN/A
Southwest Balance of State 260$24.44/hrN/A
Duluth MN-WI MSA 270$29.06/hrN/A
Northeast Minnesota 330$29.06/hr1.4%
Southeast Minnesota 350$31.40/hr0.0%
Southwest Minnesota 360$25.01/hr3.4%
Central Minnesota 540$27.32/hr-1.6%
Northwest Balance of State 580$25.24/hrN/A
Northwest Minnesota 640$25.24/hr0.7%
Fargo ND-MN MSA 660$31.49/hrN/A
Seven County Mpls-St Paul, MN 5,710$32.68/hr3.1%
Minneapolis-St Paul-Bloomington MN-WI MSA 6,020$32.66/hrN/A
Minnesota 8,520$32.24/hr2.6%


Occupations Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Insurance Underwriters 2,410$34.02/hr-5.5%
Loan Officers 7,520$39.79/hr2.3%
Securities, Commodities, and Financial Services Sales Agents 7,530$40.46/hr6.7%
Loan Interviewers and Clerks 4,500$24.46/hr-2.0%
Credit Authorizers, Checkers, and Clerks 220$24.83/hr-7.9%
Credit Counselors 690$24.31/hr6.4%
Cargo and Freight Agents 1,000$24.57/hr6.5%
Tax Preparers 1,360$28.17/hr1.7%
New Accounts Clerks 1,530$19.39/hr-12.4%
Tax Examiners and Collectors, and Revenue Agents 1,440$31.90/hr-2.5%


  • Seek out new clients and develop clientele by networking to find new customers and generate lists of prospective clients.
  • Call on policyholders to deliver and explain policy, to analyze insurance program and suggest additions or changes, or to change beneficiaries.
  • Sell various types of insurance policies to businesses and individuals on behalf of insurance companies, including automobile, fire, life, property, medical and dental insurance, or specialized policies, such as marine, farm/crop, and medical malpractice.
  • Explain features, advantages, and disadvantages of various policies to promote sale of insurance plans.
  • Calculate premiums and establish payment method.
  • Monitor insurance claims to ensure they are settled equitably for both the client and the insurer.
  • Confer with clients to obtain and provide information when claims are made on a policy.
  • Explain necessary bookkeeping requirements for customer to implement and provide group insurance program.
  • Interview prospective clients to obtain data about their financial resources and needs, the physical condition of the person or property to be insured, and to discuss any existing coverage.
  • Contact underwriter and submit forms to obtain binder coverage.