Insurance Sales Agent

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AVG. SALARY

$65,290

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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

$65,290

Entry Annual Wage

$35,630

Experienced Annual Wage

$102,130

Average Hourly Wage

$31.39

Entry Hourly Wage

$17.13

Experienced Hourly Wage

$49.10

Median Hourly Wage

$23.04

Oklahoma Regional Earnings

Oklahoma Metropolitan Areas Wages

Region Average Entry Level Experienced
Enid MSA $61,430 or $29.53/hr $31,040 or $14.92/hr $93,950 or $45.17/hr
Fort Smith AR-OK MSA $85,040 or $40.89/hr $35,480 or $17.06/hr $124,060 or $59.65/hr
Lawton MSA $50,370 or $24.21/hr $19,620 or $9.43/hr $75,050 or $36.08/hr
Oklahoma City MSA $69,110 or $33.23/hr $36,330 or $17.47/hr $114,420 or $55.01/hr
Tulsa MSA $69,620 or $33.47/hr $37,450 or $18.01/hr $120,210 or $57.79/hr

Oklahoma Geographical Areas Wages

Region Average Entry Level Experienced
Northeast Oklahoma nonmetropolitan area $52,990 or $25.48/hr $36,280 or $17.44/hr $70,940 or $34.10/hr
Northwest Oklahoma nonmetropolitan area $50,250 or $24.16/hr $34,400 or $16.54/hr $82,510 or $39.67/hr
Southwest Oklahoma nonmetropolitan area $53,590 or $25.77/hr $29,970 or $14.41/hr $99,240 or $47.71/hr
Southeast Oklahoma nonmetropolitan area $59,050 or $28.39/hr $34,040 or $16.36/hr $98,280 or $47.25/hr

Oklahoma's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 5%
Job Openings 590 estimated annual job openings
Employment 6,980 were employed in this occupation

Oklahoma's Regional Employment and Outlook

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

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Northeast 350 11% 5 N/A 34
Northwest 310 16% 5 N/A 30
Southeast 410 5% 2 N/A 35
Southwest 210 14% 3 N/A 20
Tulsa MSA 1,730 8% 14 N/A 154
Lawton MSA 130 8% 1 N/A 12
Oklahoma City MSA 2,980 18% 53 N/A 305
Enid MSA 80 0% 1 N/A 1

National Earnings

Average Annual Wage

$81,480

Average Hourly Wage

$39.18

Average Annual Range

$37,330 to $138,140

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 stable
  The employment change from 2024 to 2034 is estimated to be +4%.
(The National average for all occupations is +3%)
Job Openings very small number
  A total of 4700 average annual openings are expected for this occupation between 2024 and 2034.
(The National Average for all occupations is 1,696 openings)
Employment large occupation
  This was a large occupation in the United States, employing 568,800 workers in 2024.
(The National average for all occupations is 152,838 workers)
Growth 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) (84.4%)
  • Insurance carriers and related activities (NAICS524000) (83.6%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (65.1%)
  • Insurance agencies and brokerages (NAICS524210) (62.4%)
  • Insurance carriers (NAICS524100) (18.5%)
  • Self-employed workers (12.5%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (7.7%)