An Insurance Broker earns an average salary of £25,657 per year. Experience has a moderate effect on pay for this job. A skill in Negotiation is associated with high pay for this job.

£16,423 - £48,713
(Median)
£16K
£26K
£49K
MEDIAN: £25,657
10%
50%
90%

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£7.03 - £10.81
(Median)
£
£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£17K£34K£51K
Salary
£16,423 - £48,713  
   
Bonus
£508 - £10,291  
Profit Sharing
£983  
Commission
£0.00 - £10,137  
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).
)
£16,475 - £50,478  
Country: United Kingdom | Currency: GBP | Updated: 28 Oct 2016 | Individuals Reporting: 351
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
£8.00  
   
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
£508 - £10,291  
   
Commission
£0.00 - £10,137  
Profit Sharing
£983  
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).
)
£16,475 - £50,478  
Country: United States | Currency: GBP | Updated: 28 Oct 2016 | Individuals Reporting: 8
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: £26,217

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 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

United States (change)

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Experience Affects Insurance Broker Salaries

Late-Career
up arrow 51%

Experienced
up arrow 24%

Mid-Career
up arrow 5%

National Average
₤26,000


Skills That Affect Insurance Broker Salaries

Negotiation
up arrow 37%

Customer Relationship Management (CRM)
up arrow 3%

Insurance
up arrow 2%

National Average
₤26,000

Sales
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
4%
1-4 years
42%
5-9 years
22%
10-19 years
20%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 45%
dental benefits
Dental: 10%
medical benefits
Vision: 12%
dental benefits
None: 49%
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