An Insurance Broker earns an average salary of £26,020 per year. Experience has a moderate effect on pay for this job. A skill in Negotiation is associated with high pay for this job. Most people move on to other jobs if they have more than 20 years' experience in this career.

£16,557 - £49,512
£17K
£26K
£50K
MEDIAN: £26,019
10%
50%
90%

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£7.07 - £11.19
£8
MEDIAN: £8.00
50%

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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.
)
£0£18K£36K£54K
Salary
£16,557 - £49,512  
   
Bonus
£503 - £10,291  
Profit Sharing
£1,000  
Commission
£302.01 - £10,213  
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).
)
£16,767 - £51,309  
Country: United Kingdom | Currency: GBP | Updated: 18 Jan 2017 | Individuals Reporting: 345
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.
)
£0£9£18£27
Hourly Rate
£8.24  
   
Overtime
£13.50  
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.
)
£0£18K£36K£54K
Bonus
£503 - £10,291  
   
Commission
£302.01 - £10,213  
Profit Sharing
£1,000  
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).
)
£16,767 - £51,309  
Country: United States | Currency: GBP | Updated: 18 Jan 2017 | Individuals Reporting: 6

Find Out Exactly What You Should Be Paid

United States (change)

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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: £26,627

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

Insurance Broker Reviews

Q: What is it like working as an Insurance Broker?

Insurance Broker in London:
"Interesting, Challenging, Fun, Sociable."
Pros: It's a fun working environment for a young professional. Regular contact with similarly minded people. Very sociable within Lloyd's market.
Cons: Can be stressful, with occasional long hours in order to meet deadlines.

Related Job Salaries

Key Stats for Insurance Broker

Gender

Female
36 %
Male
64 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 5 votes.
Less than 1 year
4%
1-4 years
42%
5-9 years
24%
10-19 years
20%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

Late-Career
up arrow 45%

Experienced
up arrow 26%

Mid-Career
up arrow 5%

National Average
₤27,000


Skills That Affect Insurance Broker Salaries

Negotiation
up arrow 50%


Customer Relationship Management (CRM)
up arrow 1%

National Average
₤27,000

up arrow 2%

Job Satisfaction

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

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
4%
1-4 years
42%
5-9 years
24%
10-19 years
20%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 46%
dental benefits
Dental: 10%
vision benefits
Vision: 11%
dental benefits
None: 46%
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