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 EmploymentEmp SE*Percentiles
Mean10th25thMedian75th90th
Northwest Minnesota 49086$29.14/hr$12.92/hr$15.03/hr$23.47/hr$38.52/hr$57.30/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Trade, Transportation and UtilitiesN/AN/A
Financial Activities6,970$29.72/hr
Professional and Business Services120$31.07/hr
Education and Health ServicesN/AN/A
Other ServicesN/AN/A
Public AdministrationN/AN/A
 
Geography EmploymentMedian WageProjections
% Change 2016-2026
Grand Forks ND-MN MSA 80$27.60/hrN/A
Mankato-North Mankato MN MSA 100$28.91/hrN/A
Northeast Balance of State 110$25.15/hrN/A
Rochester MN MSA 190$30.38/hrN/A
La Crosse WI-MN MSA 210$29.38/hrN/A
St Cloud MN MSA 220N/AN/A
Duluth MN-WI MSA 260$23.89/hrN/A
Northeast Minnesota 320$24.88/hr5.7%
Southeast Balance of State 350$20.99/hrN/A
Northwest Balance of State 410$25.15/hrN/A
Southeast Minnesota 430$24.82/hr3.0%
Southwest Balance of State 470$24.97/hrN/A
Northwest Minnesota 490$23.47/hr11.1%
Central Minnesota 510$29.10/hr14.7%
Fargo ND-MN MSA 520$29.78/hrN/A
Southwest Minnesota 600$24.82/hr1.0%
Seven County Mpls-St Paul, MN 4,660$31.13/hr9.3%
Minneapolis-St Paul-Bloomington MN-WI MSA 5,010$30.84/hrN/A
Minnesota 7,120$29.76/hr9.0%


Occupations EmploymentMedian WageProjections
% Change 2016-2026
Insurance Underwriters 1,620$31.27/hr-8.4%
Securities, Commodities, and Financial Services Sales Agents 9,470$39.36/hr4.0%
Loan Officers 7,740$35.30/hr8.1%
Loan Interviewers and Clerks 5,530$20.02/hr6.3%
Credit Authorizers, Checkers, and Clerks 720$23.79/hr-0.5%
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 33,060$31.44/hr5.8%
Loan Counselors 810$23.87/hr7.2%
Tax Examiners, Collectors, and Revenue Agents 1,080$29.99/hr2.6%
New Accounts Clerks 1,170$18.76/hr-3.7%
Tax Preparers 990$25.12/hr10.7%


  • 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.
  • Confer with clients to obtain and provide information when claims are made on a policy.
  • 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.
  • Develop marketing strategies to compete with other individuals or companies who sell insurance.
  • Seek out new clients and develop clientele by networking to find new customers and generate lists of prospective clients.