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Occupational Employment Statistics


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
Southwest Minnesota 41026$38.21/hr$18.22/hr$23.21/hr$28.12/hr$40.72/hr$63.79/hr

IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Trade, Transportation and UtilitiesN/AN/A
Financial Activities9,110$30.20/hr
Professional and Business Services410$41.73/hr
Public AdministrationN/AN/A
Geography Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Grand Forks ND-MN MSA 120$29.49/hrN/A
Mankato-North Mankato MN MSA 120$28.72/hrN/A
Northeast Balance of State 130$24.87/hrN/A
La Crosse WI-MN MSA 160$38.52/hrN/A
Rochester MN MSA 210N/AN/A
Southeast Balance of State 230$28.08/hrN/A
Duluth MN-WI MSA 260$24.16/hrN/A
Southwest Balance of State 270$28.07/hrN/A
St Cloud MN MSA 280$28.12/hrN/A
Northeast Minnesota 340$24.86/hr1.4%
Southeast Minnesota 350$31.88/hr0.0%
Southwest Minnesota 410$28.12/hr3.4%
Northwest Balance of State 520$23.14/hrN/A
Fargo ND-MN MSA 550$32.37/hrN/A
Northwest Minnesota 580$23.26/hr0.7%
Central Minnesota 650$29.39/hr-1.6%
Seven County Mpls-St Paul, MN 6,460$31.16/hr3.1%
Minneapolis-St Paul-Bloomington MN-WI MSA 6,840$30.93/hrN/A
Minnesota 9,540$30.34/hr2.6%

Occupations Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Insurance Underwriters 2,080$37.79/hr-5.5%
Loan Officers 8,020$38.66/hr2.3%
Securities, Commodities, and Financial Services Sales Agents 8,560$36.33/hr6.7%
Loan Interviewers and Clerks 5,160$23.77/hr-2.0%
Credit Authorizers, Checkers, and Clerks 460$31.83/hr-7.9%
Credit Counselors 670$24.48/hr6.4%
Cargo and Freight Agents 2,120$23.17/hr6.5%
Tax Preparers 1,430$30.00/hr1.7%
New Accounts Clerks 1,380$21.75/hr-12.4%
Tax Examiners and Collectors, and Revenue Agents 1,090$33.14/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.