Insurance Agent Salary

The average pay for an Insurance Agent is $36,191 per year. Skills that are associated with high pay for this job are Oral / Verbal Communication, Account Management, Social Media Marketing, and Sales Management.

$23,767 - $63,308
(Median)
$24K
$36K
$63K
MEDIAN: $36,190
10%
50%
90%

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$9.97 - $19.44
(Median)
$10
$14
$19
MEDIAN: $13.00
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$22K$44K$66K
Salary
$23,767 - $63,308  
   
Bonus
$0.00 - $10,231  
Profit Sharing
$0.00 - $8,104  
Commission
$0.00 - $35,886  
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).
)
$23,421 - $62,633  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,642
National Hourly Rate 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$11$22$33
Hourly Rate
$9.97 - $19.44  
   
Hourly Tips
$2.06  
Overtime
$9.57 - $30.11  
National Annualized 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$22K$44K$66K
Bonus
$0.00 - $10,231  
   
Commission
$0.00 - $35,886  
Profit Sharing
$0.00 - $8,104  
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).
)
$23,421 - $62,633  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,451
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Job Description for Insurance Agent

Insurance is a general term for a type of prepaid policy that provides a policy holder with a financial benefit in case of calamity. Common kinds of policies include auto insurance, health insurance, life insurance, long-term disability coverage, and property/renter's insurance. An insurance agent typically sells one or more type of policy from an office environment such as an agency, brokerage firm, or insurance company. Insurance agents who work for a brokerage firm will likely sell policies from several different insurance companies, while those hired by an insurance company serve as salespeople for their company's products.

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Insurance Agent Tasks

  • Process the paperwork to enroll customers in policies and calculate premiums.
  • Explain insurance policies to customers and help them customize policies to fit their needs.
  • Sell insurance policies to businesses or individuals.
  • Utilize referrals, phone calls, mailings, and other forms of advertising to generate new customers.

Common Career Paths for Insurance Agent


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Insurance Sales Agent Job Listings

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Popular Employer Salaries for Insurance Agent

Popular Skills for Insurance Agent

Pay by Experience Level for Insurance Agent

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

Pay Difference by Location

National Average: $35,489

Larger city markers indicate a job is popular in that location.

Insurance Agent Reviews

What is it like working as an Insurance Agent?

Insurance Agent in Phoenix:
"New Insurance Agent."
Pros: I enjoy helping people find the best coverage for their individual needs.
Cons: I do not like the drama in the office by my coworkers. They like to complain a lot and take the easy way out whenever they can. I do not like being micromanaged either.

Related Job Salaries

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Experience Affects Insurance Agent Salaries




National Average
$35,000


Skills That Affect Insurance Agent Salaries

Oral / Verbal Communication
up arrow 42%

Account Management
up arrow 20%

Social Media Marketing
up arrow 17%

Sales Management
up arrow 15%


Customer Relationship Management (CRM)
up arrow 3%

Inside Sales
up arrow 3%

Insurance
0%

Sales
0%

National Average
$35,000

Office Management
up arrow 1%

Customer Relations
up arrow 3%

Customer Service
up arrow 4%

Typing
up arrow 7%

Bilingual
up arrow 10%

Spanish Language
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 638 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
7%
1-4 years
37%
5-9 years
20%
10-19 years
22%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 50%
dental benefits
Dental: 31%
medical benefits
Vision: 24%
dental benefits
None: 47%
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