Insurance Agent Salary

The average salary for an Insurance Agent is $37,027 per year.

$24,164 - $62,000
$24K
$37K
$62K
MEDIAN: $37,027
10%
50%
90%

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$10.11 - $19.88
$10
$14
$20
MEDIAN: $14.21
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$21K$42K$63K
Salary
$24,164 - $62,000  
   
Bonus
$245.30 - $11,722  
Profit Sharing
$0.00 - $7,919  
Commission
$586 - $23,791  
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).
)
$23,822 - $60,370  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,932
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
$10.11 - $19.88  
   
Overtime
$15.00 - $32.22  
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
$245.30 - $11,722  
   
Commission
$586 - $23,791  
Profit Sharing
$0.00 - $7,919  
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).
)
$23,822 - $60,370  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,211

Find Out Exactly What You Should Be Paid

United States (change)

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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 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

Pay by Experience for an Insurance Agent has a positive trend. An entry-level Insurance Agent with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 1,834 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Agent with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $38,000 based on 700 salaries. An experienced Insurance Agent which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 732 salaries. An Insurance Agent with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $44,000 based on 390 salaries.

Pay Difference by Location

National Average: $35,644

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

Insurance Agent Reviews

Q: 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

Key Stats for Insurance Agent

Gender

Female
73 %
Male
27 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 451 votes.
Less than 1 year
8%
1-4 years
43%
5-9 years
16%
10-19 years
19%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Agent Salaries

▲23%

▲16%

▲8%

National Average
$36,000

▼11%

Skills That Affect Insurance Agent Salaries


Account Management
▲7%


Social Media Marketing
▲6%

Microsoft Excel
▲4%

▲2%

▲1%


Sales
▼0%

National Average
$36,000




Bilingual
▼8%

Problem Solving
▼9%

Spanish Language
▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 451 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
8%
1-4 years
43%
5-9 years
16%
10-19 years
19%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 47%
dental benefits
Dental: 32%
vision benefits
Vision: 26%
no benefits
None: 50%