Insurance Agent Salary at State Farm Insurance Company

Pay for Insurance Agents at State Farm Insurance Company is very modest at just $31K per year. Most Insurance Agents at State Farm Insurance Company like their work and job satisfaction is high. A majority of professionals in this line of work do not receive benefits; however, about two in five report medical coverage and just under one in three claim dental coverage as well. Men are in the minority of survey respondents, with female Insurance Agents at State Farm Insurance Company making up 74 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$19,061 - $75,503
(Median)
$19K
$31K
$76K
MEDIAN: $31,066
10%
50%
90%

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$10.08 - $17.50
(Median)
$10
$13
$17
MEDIAN: $12.00
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$26K$52K$78K
Salary
$19,061 - $75,503  
   
Bonus
$0.00 - $19,574  
Commission
$986 - $24,328  
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).
)
$22,248 - $60,897  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 78
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
$10.08 - $17.50  
   
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 - $19,574  
   
Commission
$986 - $24,328  
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).
)
$22,248 - $60,897  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 67
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Pay by Experience Level for Insurance Agent at State Farm Insurance Company

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


People who have worked for fewer than five years bring home $29K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $39K. Insurance Agents at State Farm Insurance Company claiming one to two decades of experience make an estimated median of $39K. Seasoned veterans with 20 years under their belts enjoy a median income of $75K.

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Experience Affects Insurance Agent at State Farm Insurance Company Salaries

Late-Career
up arrow 131%



National Average
$33,000


Skills That Affect Insurance Agent at State Farm Insurance Company Salaries

Customer Relationship Management (CRM)
up arrow 11%

Sales
up arrow 4%

Insurance
0%

Customer Service
0%

National Average
$33,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
11%
1-4 years
46%
5-9 years
19%
10-19 years
16%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 39% dental benefits Dental: 29%
vision benefits Vision: 21% employee benefits None: 57%
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