Insurance Agent in New Jersey

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

Median annual salary
$78,080
trending_up +29.3% vs. national

BLS OEWS 2024, New Jersey.

engineering
11,080

Jobs (NJ)

monitoring Stable
+3.7%

10-yr job growth

payments
$217

Licensing fees

schedule
2-6 weeks

Time to complete

route How to become an insurance agent in New Jersey

To become a licensed Insurance Agent in New Jersey, individuals must first complete a state-approved pre-licensing course, typically 20 hours per line of authority. After completing the education, applicants must pass the New Jersey Insurance Producer Licensing Exam and undergo a fingerprint-based background check. The licensing body is the New Jersey Department of Banking and Insurance, and the application is submitted online through the National Insurance Producer Registry (NIPR).

bar_chart Salary percentiles

10th percentile (entry) $48,220
25th percentile $61,490
50th (median) $78,080
75th percentile $117,690
90th (experienced) $165,130

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

checklist New Jersey requirements

Licensing bodyNew Jersey Department of Banking and Insurance
State license Required
Education20-hour pre-licensing course per line of authority.
ExamNew Jersey Insurance Producer Licensing Exam ($47)
Application fee$170
RenewalEvery 2.0 years
Continuing education24.0 hours per cycle
NotesMinimum age is 18. Requires fingerprinting and a background check. CE requirements include 3 hours of ethics. Additional training is required for specific products like annuities (one-time 4-hour course), long-term care (initial 8-hour, then 4-hour ongoing), and flood insurance (one-time 3-hour).

Source: New Jersey Department of Banking and Insurance

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_circleNew Jersey license required — clearer credential signal to employers
  • warningElevated AI disruption risk
psychology
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Frequently asked questions

What's required to work as an insurance agent in New Jersey? expand_more
To become an insurance agent in New Jersey, you need to complete the required education (20-hour pre-licensing course per line of authority.), pass the New Jersey Insurance Producer Licensing Exam, and submit your application ($170 fee).
Does New Jersey require insurance agent licensure? expand_more
You cannot practice as an insurance agent in New Jersey without a state license from New Jersey Department of Banking and Insurance. The required exam is the New Jersey Insurance Producer Licensing Exam.
What do insurance agents earn in New Jersey? expand_more
insurance agents in New Jersey earn a median of $78,080 annually. That's 29% above the national median of $60,370. Wages range from $48,220 (10th percentile) up to $165,130 (90th percentile).
What's the total cost to get insurance agent certified in New Jersey? expand_more
Between exam fee ($47) and application fee ($170), expect to invest around varies in total to get started.
How quickly can I become an insurance agent in New Jersey? expand_more
The typical timeline in New Jersey is 2-6 weeks. This includes completing education, gaining any required experience, and passing the licensing exam.
Does New Jersey require continuing education for insurance agents? expand_more
License renewal in New Jersey requires completing 24.0 hours of continuing education on a 2.0-year cycle.

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