An Insurance Broker earns an average salary of £25,195 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.
Insurance Broker Total Pay (?
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.
)
£16,159 - £53,668
(Median)
16K
25K
35K
54K
MEDIAN: £25,194
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£21K£42K£63K
Salary
£16,159 - £53,668  
   
Bonus
£0.00 - £10,441  
Profit Sharing
£100.00 - £3,100  
Commission
£0.00 - £50,000  
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).
)
£16,267 - £61,174  
PayScale
Country: United Kingdom | Currency: GBP | Updated: 20 Apr 2014 | Individuals Reporting: 423
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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 36%
National Average
₤26,000
Birmingham
up arrow 11%
Norwich
up arrow 12%
Bristol
up arrow 16%
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

Experience Affects Insurance Broker Salaries

Late-Career
up arrow 58%
Experienced
up arrow 55%
Mid-Career
up arrow 12%
National Average
₤26,000
Entry-Level
up arrow 12%

Skills That Affect Insurance Broker Salaries

National Average
₤26,000
Sales
up arrow 5%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 41 votes.
Gender
Female
33%
female alumni
 
Male
67%
male alumni
Years of Experience
Less than 1 year
4%
1-4 years
45%
5-9 years
25%
10-19 years
15%
20 years or more
11%
Common Health Benefits
medical benefits Medical: 53% dental benefits Dental: 8%
vision benefits Vision: 20% employee benefits None: 36%
Find Out Exactly What You Should Be Paid
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