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Insurance Broker Salary (United Kingdom)

An Insurance Broker earns an average salary of £25,336 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.
Insurance Broker Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
£17,247 - £51,826
(Median)
17K
25K
35K
52K
MEDIAN: £25,335
10%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
£0£20K£40K£60K
Salary
£17,247 - £51,826  
   
Bonus
£82.43 - £11,635  
Profit Sharing
£201.68 - £1,017  
Commission
£0.00 - £12,000  
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).
)
£17,357 - £57,749  
Country: United Kingdom | Currency: GBP | Updated: 10 Dec 2014 | Individuals Reporting: 453
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Insurance Broker Job Listings

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Popular Employer Salaries 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

up arrow 33%
National Average
₤26,000
Manchester
up arrow 2%
Norwich
up arrow 6%
Birmingham
up arrow 13%
Larger circles over a city 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

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Experience Affects Insurance Broker Salaries

Late-Career
up arrow 45%
Experienced
up arrow 37%
Mid-Career
up arrow 15%
National Average
₤26,000
Entry-Level
up arrow 11%

Skills That Affect Insurance Broker Salaries

Insurance
up arrow 4%
National Average
₤26,000
up arrow 8%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 57 votes.

Gender

Female
32%
female alumni
 
Male
68%
male alumni

Years of Experience

Less than 1 year
3%
1-4 years
44%
5-9 years
25%
10-19 years
17%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 55% dental benefits Dental: 8%
vision benefits Vision: 18% employee benefits None: 36%