Insurance Agent at State Farm Insurance Company Salary

Those pursuing careers as Insurance Agents at State Farm Insurance Company may have to make do with less; average incomes for people in this area hover around only $31K annually. Job satisfaction is high and work is enjoyable for most Insurance Agents at State Farm Insurance Company. Men are in the minority of survey respondents, with female Insurance Agents at State Farm Insurance Company making up 74 percent. While some workers in this profession — more than half — do not have any health coverage, over a third do receive medical benefits and slightly less than a third have dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$19,502 - $76,596
(Median)
$20K
$31K
$77K
MEDIAN: $30,688
10%
50%
90%

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$10.15 - $17.58
(Median)
$10
$13
$18
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$26K$52K$78K
Salary
$19,502 - $76,596  
   
Bonus
$0.00 - $19,533  
Profit Sharing
$402.50  
Commission
$1,021 - $23,839  
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).
)
$22,590 - $60,202  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 106
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
$10.15 - $17.58  
   
Overtime
$22.00  
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 - $19,533  
   
Commission
$1,021 - $23,839  
Profit Sharing
$402.50  
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).
)
$22,590 - $60,202  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 84
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Pay by Experience Level for Insurance Agent

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


For many Insurance Agents at State Farm Insurance Company, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Relatively untried employees who have less than five years' experience have a median salary of $30K. Those who have been around for five to 10 years can expect to take home more — $38K on average. Insurance Agents at State Farm Insurance Company who work for 10 to 20 years in their occupation tend to earn about $38K. Insurance Agents at State Farm Insurance Company who have spent more than 20 years on the job report earning a significantly higher median of $73K.

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Experience Affects Insurance Agent Salaries

Late-Career
up arrow 124%



National Average
$33,000


Skills That Affect Insurance Agent Salaries

Customer Relationship Management (CRM)
up arrow 8%

Account Sales
up arrow 3%

Sales
up arrow 2%

Insurance
0%

National Average
$33,000

Customer Service
up arrow 2%

Customer Relations
up arrow 3%

Inside Sales
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
10%
1-4 years
48%
5-9 years
17%
10-19 years
17%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 38%
dental benefits
Dental: 28%
medical benefits
Vision: 22%
dental benefits
None: 59%
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