An Insurance Broker earns an average salary of £25,867 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.

£16,901 - £49,687
£17K
£26K
£50K
MEDIAN: £25,763
10%
50%
90%

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£7.07 - £11.19
£8
MEDIAN: £8.29
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
£16,901 - £49,687  
   
Bonus
£495.28 - £10,137  
Profit Sharing
£750  
Commission
£295.90 - £10,304  
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).
)
£17,104 - £51,477  
Country: United Kingdom | Currency: GBP | Updated: 4 May 2017 | Individuals Reporting: 331
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
£8.29  
   
Overtime
£15.00  
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
£495.28 - £10,137  
   
Commission
£295.90 - £10,304  
Profit Sharing
£750  
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).
)
£17,104 - £51,477  
Country: United States | Currency: GBP | Updated: 4 May 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

Pay by Experience for an Insurance Broker has a positive trend. An entry-level Insurance Broker with less than 5 years of experience can expect to earn an average total compensation of $25,000 based on 180 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $28,000 based on 105 salaries. An experienced Insurance Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $32,000 based on 72 salaries. An Insurance Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $37,000 based on 35 salaries.

Pay Difference by Location

National Average: £26,413

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
41 %
Male
59 %
Less than 1 year
4%
1-4 years
40%
5-9 years
25%
10-19 years
20%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

Late-Career
▲38%

▲23%

▲7%

National Average
₤26,000

▼6%

Skills That Affect Insurance Broker Salaries

Negotiation
▲51%

▲2%

Customer Relationship Management (CRM)
▲2%

National Average
₤26,000

▼2%

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
4%
1-4 years
40%
5-9 years
25%
10-19 years
20%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 45%
dental benefits
Dental: 9%
vision benefits
Vision: 13%
no benefits
None: 48%
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