Insurance Sales Agent

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AVG. SALARY

$61,940

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EDUCATION

High school (GED) +

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JOB OUTLOOK

Stable

Money & Outlook

:

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Oklahoma Earnings

Average Annual Wage

$61,940

Entry Annual Wage

$28,860

Experienced Annual Wage

$101,530

Average Hourly Wage

$29.78

Entry Hourly Wage

$13.88

Experienced Hourly Wage

$48.81

Median Hourly Wage

$21.90

Oklahoma Regional Earnings

Oklahoma Metropolitan Areas Wages

Region Average Entry Level Experienced
Enid MSA $52,820 or $25.39/hr $29,690 or $14.27/hr $77,370 or $37.20/hr
Fort Smith AR-OK MSA $73,230 or $35.21/hr $23,070 or $11.09/hr $118,770 or $57.10/hr
Lawton MSA $64,480 or $31.00/hr $27,690 or $13.31/hr $100,200 or $48.17/hr
Oklahoma City MSA $61,970 or $29.79/hr $27,560 or $13.25/hr $102,960 or $49.50/hr
Tulsa MSA $68,730 or $33.04/hr $37,530 or $18.04/hr $133,690 or $64.28/hr

Oklahoma Geographical Areas Wages

Region Average Entry Level Experienced
Northeast Oklahoma nonmetropolitan area $47,980 or $23.07/hr $32,120 or $15.44/hr $60,840 or $29.25/hr
Northwest Oklahoma nonmetropolitan area $50,740 or $24.39/hr $32,090 or $15.43/hr $81,100 or $38.99/hr
Southwest Oklahoma nonmetropolitan area $37,800 or $18.18/hr $24,000 or $11.54/hr $51,370 or $24.70/hr
Southeast Oklahoma nonmetropolitan area $63,220 or $30.39/hr $28,750 or $13.82/hr $98,620 or $47.41/hr

Oklahoma's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 8%
Job Openings 660 estimated annual job openings
Employment 7,328 were employed in this occupation

Oklahoma's Regional Employment and Outlook

Regions with increasing outlook (over 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Northeast 320 22% 8 N/A 39
Southwest 230 22% 5 N/A 28
Lawton MSA 120 25% 3 N/A 16

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Northwest 340 9% 3 N/A 35
Southeast 410 15% 6 N/A 45
Tulsa MSA 1,420 9% 13 N/A 145
Oklahoma City MSA 2,250 10% 23 N/A 234
Enid MSA 160 6% 2 N/A 16

National Earnings

Average Annual Wage

$81,510

Average Hourly Wage

$39.19

Average Annual Range

$36,390 to $135,660

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2023 to 2033 is estimated to be +6%.
(The National average for all occupations is +4%)
Job Openings very small number
  A total of 4710 average annual openings are expected for this occupation between 2023 and 2033.
(The National Average for all occupations is 1,724 openings)
Employment large occupation
  This was a large occupation in the United States, employing 547,600 workers in 2023.
(The National average for all occupations is 150,944 workers)
Growth Faster than average growth
  Because the profitability of insurance companies depends on a steady stream of new customers, the demand for insurance sales agents is expected to continue. Employment growth will likely be strongest for independent sales agents as insurance companies rely more on brokerages and less on in-house agents as a way to control costs. 
Industries Large concentrations of this occupation are found in these industries
  • Finance and insurance (NAICS520000) (85.4%)
  • Insurance carriers and related activities (NAICS524000) (84.5%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (65.3%)
  • Insurance agencies and brokerages (NAICS524210) (62.4%)
  • Insurance carriers (NAICS524100) (19.2%)
  • Self-employed workers (11%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (8.4%)