Insurance Broker Salary

The average pay for an Insurance Broker is $58,337 per year. Experience has a moderate effect on income for this job.
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$33,349 - $119,350
$33K
$58K
$120K
MEDIAN: $57,973
10%
50%
90%

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$10.76 - $28.90
$11
$16
$29
MEDIAN: $16.37
10%
50%
90%

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$0$126K
Salary $33,349 - $119,350
Bonus $906 - $24,627
Profit Sharing $0.00 - $28,188
Commission $0.40 - $71,015
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).
)
$30,949 - $126,137
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 664
Hourly Data $0$42
Hourly Rate $10.76 - $28.90
Overtime $14.66 - $42.93
Annual Data $0$126K
Bonus $906 - $24,627
Commission $0.40 - $71,015
Profit Sharing $0.00 - $28,188
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).
)
$30,949 - $126,137
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 115

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • May refer clients to independent brokers, work as independent broker, or be employed by an insurance company.
  • Sell life, property, casualty, health, automotive, or other types of insurance.

Common Career Paths for Insurance Broker


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Insurance Broker Job Listings

Popular Employer Salaries for Insurance Broker

Popular Skills for Insurance Broker

Pay by Experience Level for Insurance Broker

Pay by Experience for an Insurance Broker has a positive trend. An entry-level Insurance Broker with less than 5 years of experience can expect to earn an average total compensation of $48,000 based on 369 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $64,000 based on 191 salaries. An experienced Insurance Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 194 salaries. An Insurance Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $97,000 based on 128 salaries.

Pay Difference by Location

National Average: $57,812

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

Insurance Broker Reviews

Q: What is it like working as an Insurance Broker?

Insurance Broker in Atlanta:
Pros: People I work with.
Cons: Pay and vacation benefits below industry average.

Related Job Salaries

Key Stats for Insurance Broker

Gender

Female
54 %
Male
46 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 118 votes.
Less than 1 year
4%
1-4 years
36%
5-9 years
20%
10-19 years
23%
20 years or more
17%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

▲68%

▲25%

▲12%

National Average
$58,000

▼17%

Skills That Affect Insurance Broker Salaries

▲11%

▲9%



▲5%

▲2%

National Average
$58,000

Sales Management
▼1%


Data Analysis
▼14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 118 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
4%
1-4 years
36%
5-9 years
20%
10-19 years
23%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 57%
vision benefits
Vision: 47%
no benefits
None: 27%
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