Insurance Broker Salary (United States)

An Insurance Broker earns an average salary of $58,422 per year. The highest paying skills associated with this job are Customer Relationship Management (CRM) and Insurance. Experience strongly influences income for this job.
Insurance Broker Total Pay (?
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.
)
$33,113 - $127,341
(Median)
33K
44K
58K
85K
130K
MEDIAN: $58,422
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Insurance Broker Total Pay (?
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.
)
$10.07 - $24.42
(Median)
10
13
16
20
24
MEDIAN: $15.00
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px

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$50K$100K$150K
Salary
$33,113 - $127,341  
   
Bonus
$22.00 - $24,422  
Profit Sharing
$394.53 - $30,410  
Commission
$0.00 - $142,000  
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).
)
$32,007 - $144,674  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 952
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$25$50$75
Hourly Rate
$10.07 - $24.42  
   
Overtime
$12.16 - $41.56  
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$50K$100K$150K
Bonus
$22.00 - $24,422  
   
Commission
$0.00 - $142,000  
Profit Sharing
$394.53 - $30,410  
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).
)
$32,007 - $144,674  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 952
Is Insurance Broker your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

Job Description for Insurance Broker

An insurance broker's primary duty is to sell life, property, casualty, health, automotive, or other more specific types of insurance. This goal is accomplished by calling or visiting current and potential clients to explain the benefits of current or offered policies. An insurance broker will need to be able to analyze policies to determine what options will be the best fit for the customer and his or her beneficiaries. An insurance broker might also sell supplemental insurance policies that go above and beyond what a typical policy provides.
Read More...
Insurance Broker Tasks
  • Sell life, property, casualty, health, automotive, or other types of insurance.
  • May refer clients to independent brokers, work as independent broker, or be employed by an insurance company.

Insurance Broker Job Listings

Search for more jobs:
job title / company
location

Popular Employer Salaries for Insurance Broker

Popular Skills for Insurance Broker

Pay by Experience Level for Insurance Broker

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

Pay Difference By Location

Washington
up arrow 51%
Atlanta
up arrow 34%
up arrow 30%
Los Angeles
up arrow 27%
Philadelphia
up arrow 27%
Phoenix
up arrow 23%
Miami
up arrow 16%
Seattle
up arrow 13%
Minneapolis
up arrow 13%
up arrow 7%
St. Louis
up arrow 6%
Boston
up arrow 4%
Houston
up arrow 3%
Dallas
0%
National Average
$60,000
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Experience Affects Insurance Broker Salaries

National Average
$60,000

Skills That Affect Insurance Broker Salaries

up arrow 10%
Commercial
up arrow 4%
Account Sales
up arrow 2%
National Average
$60,000
up arrow 10%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 238 votes.

Gender

Female
53%
female alumni
 
Male
47%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
32%
5-9 years
25%
10-19 years
24%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 65%
vision benefits Vision: 50% employee benefits None: 19%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -