Insurance Broker Salary

The average pay for an Insurance Broker is C$41,842 per year. For the first five to ten years in this position, salary increases modestly, but any additional experience does not have a big effect on pay. Skills that are associated with high pay for this job are Commercial and Risk Management / Risk Control.

C$30,542 - C$58,585
(Median)
C$31K
C$42K
C$59K
MEDIAN: C$41,841
10%
50%
90%

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C$13.41 - C$24.40
(Median)
C$13
C$18
C$24
MEDIAN: C$17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
C$0C$20KC$40KC$60K
Salary
C$30,542 - C$58,585  
   
Bonus
C$0.00 - C$5,068  
Profit Sharing
C$15.00 - C$6,750  
Commission
C$0.00 - C$11,850  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
C$30,597 - C$59,996  
Country: Canada | Currency: CAD | Updated: 20 Sep 2015 | Individuals Reporting: 1,767
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
C$0C$12C$24C$36
Hourly Rate
C$13.41 - C$24.40  
   
Overtime
C$0.00 - C$33.53  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
C$0C$24KC$48KC$72K
Bonus
C$0.00 - C$5,068  
   
Commission
C$0.00 - C$11,850  
Profit Sharing
C$15.00 - C$6,750  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
C$30,597 - C$59,996  
Country: United States | Currency: CAD | Updated: 20 Sep 2015 | Individuals Reporting: 339
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Common Career Paths for Insurance Broker


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Insurance Broker Job Listings

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Popular Employer Salaries for Insurance Broker

Popular Skills for Insurance Broker

Pay by Experience Level for Insurance Broker

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by Location

National Average: C$42,665

Larger city markers indicate a job is popular in that location.

Insurance Broker Reviews

What is it like working as an Insurance Broker?

Insurance Broker in New Liskeard:
"I love my job."
Pros: Great corporate culture, work flexibility, office conditions, low stress levels, perks, the management.

Insurance Broker in Vancouver:
"Educated Customer Service"
Pros: Every day there are new situations, no two days will be exactly the same. You will be continually presented with new situations that require research and discussion to provide the best coverage for your client.
Cons: As with any retail customer service position, you will get your share of unhappy and never pleased customers. Insurance is seen as a necessary evil, so a lot of people do not relish the fact that they need to purchase it.

Insurance Broker in Powell River:
"Caring for my clients"
Pros: Providing advice to people on how to protect their assets, and making sure the right coverage is selected. Work with many great people in the industry and in my office. Always learning and growing. Meeting new people.
Cons: Some customers still do not see the value in insurance, and feel as though they are ripped off. Having to explain escalating premiums to these types of people can be difficult. Dealing with good and bad people with problems regarding their insurance always a challenge, because as a broker there is at some times a limit on how much assistance we can provide to the client.

What is it like working as an Insurance Broker at Western Financial Group?

Insurance Broker in Winnipeg:
"Management is new and not at all knowledgable."
Pros: Nothing.
Cons: Manager has no knowledge of day to day operations of the branch. No effort is made to understand and the said individual requires appropriate education and training to fully understand the position and responsibilities of the employees being managed.

Related Job Salaries

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Experience Affects Insurance Broker Salaries




National Average
C$43,000


Skills That Affect Insurance Broker Salaries




Customer Relationship Management (CRM)
up arrow 3%

Sales
up arrow 2%

Software Knowledge
up arrow 2%

Inside Sales
up arrow 2%

Insurance
up arrow 1%

National Average
C$43,000

Customer Relations
up arrow 1%

Computer Service
up arrow 1%

Customer Service
up arrow 2%

caib
up arrow 2%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 368 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
4%
1-4 years
36%
5-9 years
25%
10-19 years
22%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 66%
medical benefits
Vision: 43%
dental benefits
None: 22%
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