Insurance Agent in Minnesota

Requirements, salary data, licensing costs, and career ROI for MN. Updated with 2024 BLS OEWS wage data.

Median annual salary

$78,650

trending_up +30.3% vs. national

BLS OEWS 2024, Minnesota.

engineering

9,470

Jobs (MN)

monitoring Stable

+3.7%

10-yr job growth

payments

$95

Licensing fees

schedule

2-4 weeks

Time to complete

route How to become an insurance agent in Minnesota

To become a licensed Insurance Agent in Minnesota, you must be at least 18 years old and complete a 20-hour pre-licensing course per line of authority. After completing the education, you must pass the Minnesota Insurance Producer Licensing Exam, administered by PSI, and undergo a fingerprint-based background check. Finally, submit your application and pay the fee to the Minnesota Department of Commerce. Minnesota has reciprocity agreements with all other states, allowing licensed non-resident producers to obtain a license without additional pre-licensing or examination requirements.

bar_chart Salary percentiles

10th percentile (entry) $47,810

25th percentile $53,940

50th (median) $78,650

75th percentile $101,320

90th (experienced) $157,130

Source: BLS OEWS 2024 for Minnesota. Metro-area wages may differ significantly from the state aggregate.

checklist Minnesota requirements

Licensing body	Minnesota Department of Commerce
State license	Required
Education	20-hour pre-licensing course per line of authority.
Exam	Minnesota Insurance Producer Licensing Exam ($45)
Application fee	$50
Renewal	Every 2.0 years
Continuing education	24.0 hours per cycle
Notes	Minimum age is 18. Requires a background check via fingerprints. CE requirements include 3 hours of ethics. No more than half of the CE hours may be company-sponsored. Examination results are valid for three years. An appointment with an insurance company is required to transact business.

Source: Minnesota Department of Commerce

work_outline Job outlook

10-year growth

+3.7%

Average

Annual openings

47,000

Nationwide per year

Total employment

568,800

Nationwide

neurology

AI & tech impact

error High exposure 1.34/1.00

Many tasks in this career are susceptible to AI automation. Long-term career planning should account for potential disruption.

hub

balance Is it worth it?

check_circleMinnesota license required — clearer credential signal to employers
warningElevated AI disruption risk

psychology

Wondering if an insurance agent career is the right fit?

See what the day actually looks like, who the role suits, and who should skip it — grounded in real practitioner sources.

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Frequently asked questions

What are the steps to becoming an insurance agent in Minnesota? expand_more

Minnesota requires insurance agents to complete the required education (20-hour pre-licensing course per line of authority.), pass the Minnesota Insurance Producer Licensing Exam, and submit your application ($50 fee).

Do I need a license to work as an insurance agent in Minnesota? expand_more

A state license is required in Minnesota. Minnesota Department of Commerce handles insurance agent licensing — the Minnesota Insurance Producer Licensing Exam is part of the process.

What do insurance agents earn in Minnesota? expand_more

The median insurance agent salary in Minnesota is $78,650 per year. — 30% higher than the $60,370 national figure. New insurance agents start around $47,810; seasoned professionals can reach $157,130.

How expensive is insurance agent licensing in Minnesota? expand_more

The full cost to enter the field runs about varies, factoring in exam fee ($45) and application fee ($50) and required training.

How quickly can I become an insurance agent in Minnesota? expand_more

Most candidates in Minnesota complete the process in 2-4 weeks, from enrollment in a training program through licensure.

What's required to renew a insurance agent license in Minnesota? expand_more

Yes — insurance agents in Minnesota must complete 24.0 CE hours every 2.0 years to stay licensed.