Insurance Broker Salary

The average pay for an Insurance Broker is $60,635 per year. Experience has a moderate effect on income for this job.
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$34,356 - $128,815
(Median)
$34K
$61K
$130K
MEDIAN: $60,635
10%
50%
90%

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$9.93 - $24.88
(Median)
$9
$15
$25
MEDIAN: $15.00
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$50K$100K$150K
Salary
$34,356 - $128,815  
   
Bonus
$0.00 - $25,479  
Profit Sharing
$0.00 - $34,645  
Commission
$0.00 - $119,195  
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).
)
$31,708 - $139,771  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 852
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$25$50$75
Hourly Rate
$9.93 - $24.88  
   
Overtime
$13.53 - $42.50  
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$50K$100K$150K
Bonus
$0.00 - $25,479  
   
Commission
$0.00 - $119,195  
Profit Sharing
$0.00 - $34,645  
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).
)
$31,708 - $139,771  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 108
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Job Description for Insurance Broker

Insurance brokers often work as agents of large insurance companies or independently; in either case, they work directly with clients and must have necessary licenses in their states of employment.

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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.

Common Career Paths for Insurance Broker


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Insurance Broker Job Listings

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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

National Average: $61,592

Larger city markers indicate a job is popular in that location.

Related Job Salaries

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Experience Affects Insurance Broker Salaries




National Average
$62,000


Skills That Affect Insurance Broker Salaries


Account Management
up arrow 6%

Insurance
up arrow 1%

Commercial
up arrow 1%

National Average
$62,000

Account Sales
up arrow 2%

up arrow 10%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 168 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
5%
1-4 years
33%
5-9 years
22%
10-19 years
25%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 64%
medical benefits
Vision: 50%
dental benefits
None: 20%
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