Insurance Broker Salary

An Insurance Broker earns an average salary of $59,802 per year. A skill in Customer Relationship Management (CRM) is associated with high pay for this job. Experience has a moderate effect on income for this job.
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$33,176 - $127,844
(Median)
$33K
$60K
$130K
MEDIAN: $59,802
10%
50%
90%

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$9.96 - $23.43
(Median)
$10
$15
$23
MEDIAN: $15.00
10%
50%
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
$33,176 - $127,844  
   
Bonus
$0.00 - $25,013  
Profit Sharing
$-0.49 - $31,340  
Commission
$0.00 - $98,986  
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).
)
$31,064 - $140,086  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 794
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
$9.96 - $23.43  
   
Overtime
$13.75 - $40.93  
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
$0.00 - $25,013  
   
Commission
$0.00 - $98,986  
Profit Sharing
$-0.49 - $31,340  
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).
)
$31,064 - $140,086  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 100
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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.

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

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Experience Affects Insurance Broker Salaries




National Average
$61,000


Skills That Affect Insurance Broker Salaries


Account Management
up arrow 7%


Insurance
up arrow 3%

Account Sales
0%

National Average
$61,000

up arrow 14%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 172 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
5%
1-4 years
32%
5-9 years
22%
10-19 years
25%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 65%
vision benefits Vision: 50% employee benefits None: 18%
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