An Insurance Broker earns an average salary of $56,602 per year. A skill in Insurance is associated with high pay for this job. 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.
)
$31,632 - $122,682
(Median)
32K
42K
57K
83K
120K
MEDIAN: $56,602
10%
25%
50%
75%
90%
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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.
)
$9.93 - $24.37
(Median)
9
12
15
20
24
MEDIAN: $15.00
10%
25%
50%
75%
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$50K$100K$150K
Salary
$31,632 - $122,682  
   
Bonus
$9.70 - $23,370  
Profit Sharing
$0.19 - $25,403  
Commission
$0.00 - $117,927  
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).
)
$31,217 - $137,355  
PayScale
Country: United States | Currency: USD | Updated: 23 Apr 2014 | Individuals Reporting: 1,061
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
$9.93 - $24.37  
   
Overtime
$0.00 - $41.01  
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
$9.70 - $23,370  
   
Commission
$0.00 - $117,927  
Profit Sharing
$0.19 - $25,403  
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).
)
$31,217 - $137,355  
PayScale
Country: United States | Currency: USD | Updated: 23 Apr 2014 | Individuals Reporting: 1,061
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Insurance Broker Job Listings

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Popular Employer Salaries for Insurance Broker
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.
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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.
Read more about: Insurance Sales Agents
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
Denver
up arrow 33%
up arrow 31%
Los Angeles
up arrow 29%
Seattle
up arrow 28%
Philadelphia
up arrow 21%
Atlanta
up arrow 18%
Minneapolis
up arrow 18%
Miami
up arrow 17%
Boston
up arrow 6%
Chicago
up arrow 5%
Cleveland
up arrow 3%
Houston
up arrow 1%
National Average
$59,000
Dallas
up arrow 4%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Insurance Broker Salaries

National Average
$59,000

Skills That Affect Insurance Broker Salaries

up arrow 10%
Commercial
up arrow 4%
Customer Relationship Management (CRM)
up arrow 1%
National Average
$59,000
Account Sales
up arrow 2%
up arrow 9%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 242 votes.
Gender
Female
55%
female alumni
 
Male
45%
male alumni
Years of Experience
Less than 1 year
4%
1-4 years
31%
5-9 years
25%
10-19 years
25%
20 years or more
15%
Common Health Benefits
medical benefits Medical: 79% dental benefits Dental: 64%
vision benefits Vision: 47% employee benefits None: 19%
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