Insurance Broker Salary (Canada)

The average salary for an Insurance Broker is C$40,660 per year. Skills that are associated with high pay for this job are Risk Management / Risk Control, Commercial, and Account Sales.
Insurance Broker Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
C$29,800 - C$56,999
(Median)
30K
35K
41K
48K
57K
MEDIAN: C$40,660
10%
25%
50%
75%
90%
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Insurance Broker Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
C$13.41 - C$23.11
(Median)
13
17
20
23
MEDIAN: C$17.00
10%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
C$0C$20KC$40KC$60K
Salary
C$29,800 - C$56,999  
   
Bonus
C$0.00 - C$5,024  
Profit Sharing
C$480.47 - C$5,084  
Commission
C$0.00 - C$10,240  
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$30,033 - C$58,923  
PayScale
Country: Canada | Currency: CAD | Updated: 5 Aug 2014 | Individuals Reporting: 2,185
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
C$0C$12C$24C$36
Hourly Rate
C$13.41 - C$23.11  
   
Overtime
C$0.00 - C$35.05  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
C$0C$24KC$48KC$72K
Bonus
C$0.00 - C$5,024  
   
Commission
C$0.00 - C$10,240  
Profit Sharing
C$480.47 - C$5,084  
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$30,033 - C$58,923  
PayScale
Country: United States | Currency: CAD | Updated: 5 Aug 2014 | Individuals Reporting: 2,185
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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

up arrow 17%
up arrow 13%
up arrow 11%
Montréal
up arrow 11%
Halifax
up arrow 9%
Red Deer
up arrow 4%
up arrow 2%
Hamilton
0%
Saskatoon
0%
National Average
C$41,000
Barrie
up arrow 2%
Kitchener
up arrow 4%
London
up arrow 9%
Windsor
up arrow 21%
Larger circles over a city 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

Experience Affects Insurance Broker Salaries

National Average
C$41,000

Skills That Affect Insurance Broker Salaries

up arrow 5%
Insurance
up arrow 4%
Customer Relationship Management (CRM)
up arrow 3%
Customer Relations
up arrow 1%
Customer Service
0%
National Average
C$41,000
Data Processing
up arrow 1%
Computer Service
up arrow 1%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 296 votes.

Gender

Female
79%
female alumni
 
Male
21%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
37%
5-9 years
26%
10-19 years
21%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 67%
vision benefits Vision: 41% employee benefits None: 22%
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