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 57090$32.49/hr$14.01/hr$18.74/hr$27.65/hr$39.79/hr$59.72/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Trade, Transportation and UtilitiesN/AN/A
Financial Activities7,960$29.06/hr
Professional and Business Services70$32.93/hr
Other ServicesN/AN/A
Public AdministrationN/AN/A
 
Geography EmploymentMedian WageProjections
% Change 2016-2026
Mankato-North Mankato MN MSA 110$29.12/hrN/A
Northeast Balance of State 110$25.23/hrN/A
Grand Forks ND-MN MSA 130$25.22/hrN/A
Rochester MN MSA 210$30.59/hrN/A
La Crosse WI-MN MSA 220$32.56/hrN/A
Duluth MN-WI MSA 270$25.44/hrN/A
St Cloud MN MSA 280$29.49/hrN/A
Northeast Minnesota 310$27.45/hr5.7%
Southwest Balance of State 360$24.31/hrN/A
Southeast Balance of State 380$20.89/hrN/A
Southeast Minnesota 420$26.24/hr3.0%
Northwest Balance of State 480$29.74/hrN/A
Central Minnesota 540$29.10/hr14.7%
Southwest Minnesota 550$23.78/hr1.0%
Northwest Minnesota 570$27.65/hr11.1%
Fargo ND-MN MSA 630$31.19/hrN/A
Seven County Mpls-St Paul, MN 5,560$30.30/hr9.3%
Minneapolis-St Paul-Bloomington MN-WI MSA 5,930$30.25/hrN/A
Minnesota 8,090$29.13/hr9.0%


Occupations EmploymentMedian WageProjections
% Change 2016-2026
Insurance Underwriters 1,750$35.09/hr-8.4%
Securities, Commodities, and Financial Services Sales Agents 9,240$41.58/hr4.0%
Loan Officers 8,550$35.96/hr8.1%
Loan Interviewers and Clerks 5,760$20.35/hr6.3%
Credit Authorizers, Checkers, and Clerks 570$23.91/hr-0.5%
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 33,470$32.83/hr5.8%
Credit Counselors 510$23.71/hr7.2%
Tax Examiners and Collectors, and Revenue Agents 1,170$28.87/hr2.6%
New Accounts Clerks 980$19.45/hr-3.7%
Tax Preparers 1,350$26.02/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.