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Insurance Agent Salary

The average pay for an Insurance Agent is $36,065 per year. Skills that are associated with high pay for this job are Sales Management, Oral / Verbal Communication, and Account Sales.
$23,803 - $62,200
(Median)
24K
29K
36K
46K
62K
MEDIAN: $36,065
10%
25%
50%
75%
90%

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$9.86 - $19.35
(Median)
9
14
16
19
MEDIAN: $13.00
10%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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$22K$44K$66K
Salary
$23,803 - $62,200  
   
Bonus
$0.00 - $10,306  
Profit Sharing
$0.00 - $8,170  
Commission
$0.00 - $40,618  
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).
)
$22,829 - $63,692  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,608
National Hourly Rate 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$11$22$33
Hourly Rate
$9.86 - $19.35  
   
Overtime
$2.07 - $29.72  
National Annualized 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$22K$44K$66K
Bonus
$0.00 - $10,306  
   
Commission
$0.00 - $40,618  
Profit Sharing
$0.00 - $8,170  
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).
)
$22,829 - $63,692  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 871
United States (change)

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

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

Pay Difference by 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

Experience Affects Insurance Agent Salaries




National Average
$36,000


Skills That Affect Insurance Agent Salaries

Sales Management
up arrow 42%

Oral / Verbal Communication
up arrow 18%

Account Sales
up arrow 16%

Bilingual
up arrow 2%

Customer Relationship Management (CRM)
up arrow 1%

Insurance
0%

Sales
0%

National Average
$36,000

Customer Service
up arrow 4%

Inside Sales
up arrow 4%

licensed
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 467 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
6%
1-4 years
35%
5-9 years
23%
10-19 years
23%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 52% dental benefits Dental: 31%
vision benefits Vision: 23% employee benefits None: 46%