Insurance Agent at State Farm Insurance Company Salary

Insurance Agents at State Farm Insurance Company can expect only a modest salary, with average pay of just $31K per year. Men are in the minority of survey respondents, with female Insurance Agents at State Farm Insurance Company making up 73 percent. Most Insurance Agents at State Farm Insurance Company like their work and job satisfaction is high. Medical benefits are awarded to slightly less than a third, and a little less than one-fifth earn dental coverage. The data in this summary comes from the PayScale salary survey.

$20,627 - $50,088
$21K
$31K
$50K
MEDIAN: $31,306
10%
50%
90%

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$10.63 - $17.75
$11
$14
$18
MEDIAN: $13.66
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$17K$34K$51K
Salary
$20,627 - $50,088  
   
Bonus
$102.13 - $18,121  
Profit Sharing
$2,000  
Commission
$1,003 - $25,913  
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).
)
$23,920 - $50,820  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 83
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$9$18$27
Hourly Rate
$10.63 - $17.75  
   
Overtime
$23.00  
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$18K$36K$54K
Bonus
$102.13 - $18,121  
   
Commission
$1,003 - $25,913  
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).
)
$23,920 - $50,820  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 73

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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."

Key Stats for Insurance Agent

Gender

Female
73 %
Male
27 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 36 votes.
Less than 1 year
9%
1-4 years
58%
5-9 years
10%
10-19 years
15%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Agent Salaries

▲60%

▲10%

▲4%

National Average
$32,000

▼2%

Skills That Affect Insurance Agent Salaries

Account Sales
▲9%

Office Management
▲4%


▲3%

▲2%

Insurance
▼0%

National Average
$32,000

Customer Relations
▼1%


Microsoft Office
▼15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 36 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
9%
1-4 years
58%
5-9 years
10%
10-19 years
15%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 30%
dental benefits
Dental: 19%
vision benefits
Vision: 16%
no benefits
None: 69%