Insurance Agent Salary

The average pay for an Insurance Agent is $36,103 per year. Skills that are associated with high pay for this job are Oral / Verbal Communication, Sales Management, and Office Management.

$23,763 - $62,645
(Median)
$24K
$36K
$63K
MEDIAN: $36,102
10%
50%
90%

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$9.92 - $19.34
(Median)
$9
$14
$19
MEDIAN: $13.00
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$21K$42K$63K
Salary
$23,763 - $62,645  
   
Bonus
$0.00 - $10,163  
Profit Sharing
$0.33 - $7,910  
Commission
$0.00 - $38,852  
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).
)
$23,222 - $62,687  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 2,109
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
$9.92 - $19.34  
   
Hourly Tips
$0.88 - $5.31  
Overtime
$8.79 - $29.77  
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 - $10,163  
   
Commission
$0.00 - $38,852  
Profit Sharing
$0.33 - $7,910  
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).
)
$23,222 - $62,687  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,148
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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.

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.

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Experience Affects Insurance Agent Salaries




National Average
$36,000


Skills That Affect Insurance Agent Salaries

Oral / Verbal Communication
up arrow 32%

Sales Management
up arrow 32%

Office Management
up arrow 16%


Inside Sales
up arrow 4%

Customer Relationship Management (CRM)
up arrow 1%

Insurance
0%

Sales
0%

National Average
$36,000

Customer Service
up arrow 4%

Bilingual
up arrow 9%

Customer Relations
up arrow 13%

licensed
up arrow 14%

Office Administration
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 535 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
7%
1-4 years
36%
5-9 years
21%
10-19 years
23%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 51% dental benefits Dental: 31%
vision benefits Vision: 23% employee benefits None: 46%
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