The average pay for an Entry-Level Insurance Broker is C$37,300 per year. A skill in Risk Management / Risk Control is associated with high pay for this job.

C$29,630 - C$50,180
C$30K
C$37K
C$50K
MEDIAN: C$37,219
10%
50%
90%

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C$12.47 - C$21.82
C$12
C$16
C$22
MEDIAN: C$16.40
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$18KC$36KC$54K
Salary
C$29,630 - C$50,180  
   
Bonus
C$193.15 - C$5,149  
Profit Sharing
C$0.00 - C$3,878  
Commission
C$0.00 - C$10,193  
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$29,467 - C$52,183  
Country: Canada | Currency: CAD | Updated: 4 May 2017 | Individuals Reporting: 450
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$18C$36C$54
Hourly Rate
C$12.47 - C$21.82  
   
Overtime
C$0.00 - C$51.83  
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$50KC$100KC$150K
Bonus
C$193.15 - C$5,149  
   
Commission
C$0.00 - C$10,193  
Profit Sharing
C$0.00 - C$3,878  
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$29,467 - C$52,183  
Country: United States | Currency: CAD | Updated: 4 May 2017 | Individuals Reporting: 123

Find Out Exactly What You Should Be Paid

United States (change)

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Popular Employer Salaries for Insurance Broker

Pay Difference by Location

National Average: C$37,492

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

Insurance Broker Advice

Q: What do you wish you knew about your job when you first started out?

Insurance Broker in Moncton:
"That working hard does not always mean you get the best pay."
Ask as many questions as you can and never stop learning. Keep on top of your work.

Insurance Broker in Peterborough:
"Get your education."
This industry is hush hush about who makes what for salary. It's not discussed and not allowed to be discussed. Get your education right away CAIB or/and CIP if you think you are going to go the direction of Underwriting. Go for interviews at other brokerages to see their reaction to your salary request. Negotiation of your wage is the only way that you will get a salary increase, there is no pay scale so you never really know what you are shooting for. The stress is high and the expectations are high.

Insurance Broker in Kelowna:
Be a producer or a man as this occupancy is very much male dominated with respect to the higher paid positions.

Key Stats for Insurance Broker

Gender

Female
70 %
Male
30 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 97 votes.
Less than 1 year
6%
1-4 years
77%
5-9 years
17%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Insurance Broker Salaries

Risk Management / Risk Control
▲11%

Account Sales
▲9%

Commercial
▲8%

Computer Service
▲5%


▲3%



Inside Sales
▼0%

National Average
C$37,000

▼1%

Software Knowledge
▼2%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 97 votes.

Gender

Female
70 %
Male
30 %

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 69%
vision benefits
Vision: 48%
no benefits
None: 21%
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