There are three types of accounts on Instagram, each is useful depending on what you want to use the platform for.
Personal Account: This is a limited profile type, ideal for the user who wants to use the platform to share everyday images and connect with family and friends.
Business Account: This type of account is used by businesses and small companies to connect with customers. It offers metrics and all the options described above.
Account for Creators: They were designed for content creators, artists, Bloggers or public figures. It offers metrics, show paid collaborations and automatic message replies.
To find out what type of account you have you just have to open your Instagram account, access the account settings and enter the Account section. If you see the option Change to professional account then you will know that your account is personal.