Average Insurance Broker Salary in Canada

C$48,932
Avg. Base Salary (CAD)
10%
CA$38k
MEDIAN
CA$49k
90%
CA$67k

The average salary for an Insurance Broker is C$48,932 in 2024

Base Salary
C$38k - C$67k
Bonus
C$494 - C$6k
Profit Sharing
C$486 - C$7k
Commission
C$591 - C$15k
Total Pay
C$37k - C$69k
Is Average Insurance Broker Salary in Canada your job title? Find out what you should be paid
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How do Insurance Brokers Rate Their Jobs?

3.5 out of 5
(190)
Satisfied
48Reviews
Based on 190 responses, the job of Insurance Broker has received a job satisfaction rating of 3.49 out of 5. On average, Insurance Brokers are satisfied with their job.

FAQs About Insurance Brokers

What is the highest pay for Insurance Brokers?

Our data indicates that the highest pay for an Insurance Broker is CA$67k / year

What is the lowest pay for Insurance Brokers?

Our data indicates that the lowest pay for an Insurance Broker is CA$38k / year

How can Insurance Brokers increase their salary?

Increasing your pay as an Insurance Broker is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Insurance Broker that oversees more junior Insurance Brokers, this experience can increase the likelihood to earn more.