Insurance Agent at State Farm Insurance Company Salary

Insurance Agents at State Farm Insurance Company aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $32K per year. Approximately one in four enjoy medical while just under one in five get dental coverage. Vision coverage is also available to around one in seven. Most Insurance Agents at State Farm Insurance Company survey respondents are women (73 percent). Job satisfaction is high and work is enjoyable for most Insurance Agents at State Farm Insurance Company. Respondents to the PayScale salary survey provided the data for this report.

$21,027 - $49,397
$21K
$32K
$49K
MEDIAN: $32,394
10%
50%
90%

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$10.84 - $17.56
$11
$14
$18
MEDIAN: $13.52
10%
50%
90%

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$0$51K
Salary $21,027 - $49,397
Bonus $98.63 - $18,460
Profit Sharing $2,000
Commission $993 - $24,511
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).
)
$24,193 - $51,877
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 83
Hourly Data $0$23
Hourly Rate $10.84 - $17.56
Overtime $23.00
Annual Data $0$51K
Bonus $98.63 - $18,460
Commission $993 - $24,511
Profit Sharing $2,000
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).
)
$24,193 - $51,877
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 66

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Insurance Agent Job Listings

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 115 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 $34,000 based on 16 salaries. An experienced Insurance Agent which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $36,000 based on 24 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 $52,000 based on 12 salaries.

State Farm Insurance Company Reviews

Q: What is it like working as an Insurance Agent at State Farm Insurance Company?

Insurance Agent in Urbana:
"High Stress, Small Local Office, Lots of work, Casual."
Pros: Relationships with clients. Team atmosphere. Group goals met by individual goals.
Cons: Too much work, not enough employees, tasks not spread evenly throughout the office. Regularly thinking "I'm not being paid enough for this."

Insurance Agent in El Dorado:
Pros: The enviroment, the product.
Cons: The pay.

Key Stats for Insurance Agent

Gender

Female
73 %
Male
27 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 34 votes.
Less than 1 year
10%
1-4 years
54%
5-9 years
11%
10-19 years
18%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Agent Salaries

▲56%

▲8%

▲2%

National Average
$33,000

▼5%

Skills That Affect Insurance Agent Salaries

Account Sales
▲6%


Office Management
▲1%

▼0%

▼0%

National Average
$33,000

Insurance
▼2%

Customer Relations
▼3%


Microsoft Office
▼17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 34 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
10%
1-4 years
54%
5-9 years
11%
10-19 years
18%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 27%
dental benefits
Dental: 19%
vision benefits
Vision: 15%
no benefits
None: 72%
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