Insurance Agent in Rhode Island

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

Median annual salary

$74,360

trending_up +23.2% vs. national

BLS OEWS 2024, Rhode Island.

engineering

1,860

Jobs (RI)

monitoring Stable

+3.7%

10-yr job growth

payments

$200

Licensing fees

schedule

Varies (exam results valid for 1 year for application)

Time to complete

route How to become an insurance agent in Rhode Island

To become a licensed Insurance Agent in Rhode Island, individuals must be at least 18 years old and pass the Rhode Island Insurance Producer Licensing Exam. While pre-licensing education is not mandatory, it is strongly recommended to prepare for the exam. After passing the exam, applicants must undergo a criminal background check and submit an application with the Rhode Island Department of Business Regulation - Insurance Division within one year of passing the exam. Rhode Island offers reciprocity with all other states for insurance producers, allowing licensed individuals from other states to obtain a Rhode Island license without re-examination, provided their home state license is in good standing and they apply for equivalent lines of authority.

bar_chart Salary percentiles

10th percentile (entry) $44,470

25th percentile $49,890

50th (median) $74,360

75th percentile $101,920

90th (experienced) $132,240

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

checklist Rhode Island requirements

Licensing body	Rhode Island Department of Business Regulation - Insurance Division
State license	Required
Education	Not required, but highly recommended.
Exam	Rhode Island Insurance Producer Licensing Exam ($80)
Application fee	$120
Renewal	Every 2.0 years
Continuing education	24.0 hours per cycle
Notes	Minimum age 18. Requires a criminal background check (BCI) from the RI Attorney General's office, valid for 30 days. CE requirements include 3 hours of ethics and a minimum of 5 hours in each line of authority held. Resident producers must carry Errors and Omissions (E&O) insurance, but are not required to file proof with the department. Must apply for license within one year of passing the exam.

Source: Rhode Island Department of Business Regulation - Insurance Division

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

psychology

Wondering if an insurance agent career is the right fit?

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Frequently asked questions

How do I become an insurance agent in Rhode Island? expand_more

In Rhode Island, becoming an insurance agent requires you to complete the required education (Not required, but highly recommended.), pass the Rhode Island Insurance Producer Licensing Exam, and submit your application ($120 fee).

Does Rhode Island require insurance agent licensure? expand_more

A state license is required in Rhode Island. Rhode Island Department of Business Regulation - Insurance Division handles insurance agent licensing — the Rhode Island Insurance Producer Licensing Exam is part of the process.

How much does an insurance agent make in Rhode Island? expand_more

The median insurance agent salary in Rhode Island is $74,360 per year. That's 23% above the national median of $60,370. Entry-level (10th percentile) starts at $44,470, while experienced professionals (90th percentile) earn $132,240.

How much does it cost to become an insurance agent in Rhode Island? expand_more

Between exam fee ($80) and application fee ($120), expect to invest around varies in total to get started.

What's the timeline to become an insurance agent in Rhode Island? expand_more

Expect to spend Varies (exam results valid for 1 year for application) from start to finish in Rhode Island — covering coursework, supervised experience, and examination.

How many CE hours do insurance agents need in Rhode Island? expand_more

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