Experienced Insurance Agent Salary

For Experienced Insurance Agents, yearly average wages total $42K annually. Including potential for bonuses, profit sharing and commission — peaking near $14K, $10K, and $27K, respectively — total cash payment to Experienced Insurance Agents can bottom out near $28K or top out at around $71K. Geography is the biggest factor affecting pay for this group, followed by the specific employer. Some workers in this field — just under a half — are not awarded benefits. Medical coverage is reported by about one-half and dental plans are enjoyed by slightly less than a third. The majority of Experienced Insurance Agents claim high levels of job satisfaction. Experienced Insurance Agents who responded to the questionnaire are largely women, dominating at 80 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$28,134 - $68,407
$28K
$42K
$68K
MEDIAN: $41,619
10%
50%
90%

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$12.13 - $22.39
$12
$16
$22
MEDIAN: $15.90
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$24K$48K$72K
Salary
$28,134 - $68,407  
   
Bonus
$249.58 - $14,376  
Profit Sharing
$0.00 - $10,137  
Commission
$966 - $26,799  
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).
)
$28,478 - $71,260  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 552
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$12$24$36
Hourly Rate
$12.13 - $22.39  
   
Overtime
$20.00 - $32.66  
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$24K$48K$72K
Bonus
$249.58 - $14,376  
   
Commission
$966 - $26,799  
Profit Sharing
$0.00 - $10,137  
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).
)
$28,478 - $71,260  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 223

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Popular Employer Salaries for Insurance Agent


State Farm Insurance Company, Allstate, Allstate Insurance Company, Usaa Insurance, and Geico are top-notch employers for Experienced Insurance Agents in this area. Usaa Insurance offers the highest compensation with a median salary of $55K.

Although State Farm Insurance Company hands out the lowest average salary in town at $36K, employee compensation still varies greatly; workers can make as little as $24K or as much as $52K.

Key Stats for Insurance Agent

Gender

Female
80 %
Male
20 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 136 votes.
10-19 years
85%
20 years or more
15%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Insurance Agent Salaries

Account Sales
▲18%

Customer Relations
▲2%

National Average
$41,000

Sales
▼1%

Customer Relationship Management (CRM)
▼1%

▼2%


Inside Sales
▼5%

Office Management
▼6%

Microsoft Office
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 136 votes.

Gender

Female
80 %
Male
20 %

Common Health Benefits

medical benefits
Medical: 51%
dental benefits
Dental: 31%
vision benefits
Vision: 26%
no benefits
None: 46%
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