Insurance Broker Salary

The average salary for an Insurance Broker is £25,304 per year. Most people with this job move on to other positions after 20 years in this field. Experience has a moderate effect on pay for this job.

£17,304 - £49,487

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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£19K£38K£57K
Salary
£17,304 - £49,487  
   
Bonus
£0.00 - £12,024  
Profit Sharing
£205.58 - £4,913  
Commission
£0.00 - £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).
)
£17,234 - £54,092  
Country: United Kingdom | Currency: GBP | Updated: 18 Jul 2015 | Individuals Reporting: 486
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Pay by Experience Level for Insurance Broker

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by 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.

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Experience Affects Insurance Broker Salaries

Late-Career
up arrow 48%

Experienced
up arrow 31%

Mid-Career
up arrow 8%

National Average
₤26,000

Entry-Level
up arrow 10%

Skills That Affect Insurance Broker Salaries

Insurance
up arrow 3%

National Average
₤26,000

up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 64 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
3%
1-4 years
43%
5-9 years
24%
10-19 years
18%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 51% dental benefits Dental: 8%
vision benefits Vision: 17% employee benefits None: 39%
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