Insurance Broker Salary

The average salary for an Insurance Broker is £25,860 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.

£17,277 - £48,643
(Median)
£17K
£26K
£49K
MEDIAN: £25,859
10%
50%
90%

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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
£17,277 - £48,643  
   
Bonus
£206.08 - £10,342  
Profit Sharing
£0.00 - £29,799  
Commission
£0.00 - £10,000  
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).
)
£17,243 - £51,646  
Country: United Kingdom | Currency: GBP | Updated: 17 Mar 2016 | Individuals Reporting: 510
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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

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

Pay Difference by Location

National Average: £26,734

Larger city markers 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 41%

Experienced
up arrow 26%

Mid-Career
up arrow 7%

National Average
₤27,000

Entry-Level
up arrow 8%

Skills That Affect Insurance Broker Salaries

Negotiation
up arrow 5%

Customer Relationship Management (CRM)
up arrow 5%

Insurance
up arrow 1%

National Average
₤27,000

Sales
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 52 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
3%
1-4 years
42%
5-9 years
25%
10-19 years
18%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 51%
dental benefits
Dental: 8%
medical benefits
Vision: 16%
dental benefits
None: 41%
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