Insurance Broker Salary

The average salary for an Insurance Broker is £25,257 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.

£17,130 - £50,622
(Median)
£17K
£25K
£51K
MEDIAN: £25,257
10%
50%
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£19K£38K£57K
Salary
£17,130 - £50,622  
   
Bonus
£0.00 - £13,178  
Profit Sharing
£205.58 - £4,913  
Commission
£0.00 - £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).
)
£17,065 - £55,807  
Country: United Kingdom | Currency: GBP | Updated: 20 Jun 2015 | Individuals Reporting: 484
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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

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 51%

Experienced
up arrow 36%

Mid-Career
up arrow 8%

National Average
₤26,000

Entry-Level
up arrow 11%

Skills That Affect Insurance Broker Salaries

Insurance
up arrow 3%

National Average
₤26,000

Sales
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 65 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
3%
1-4 years
44%
5-9 years
24%
10-19 years
17%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 52% dental benefits Dental: 8%
vision benefits Vision: 17% employee benefits None: 39%
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