Insurance Broker Salary (United States)

An Insurance Broker earns an average salary of $58,179 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.
)
$32,913 - $126,370
(Median)
33K
43K
58K
85K
130K
MEDIAN: $58,179
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.
)
$9.91 - $24.75
(Median)
9
13
16
20
25
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
$32,913 - $126,370  
   
Bonus
$98.81 - $23,349  
Profit Sharing
$394.53 - $30,410  
Commission
$0.00 - $130,764  
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).
)
$31,710 - $140,085  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 981
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
$9.91 - $24.75  
   
Overtime
$12.26 - $41.48  
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
$98.81 - $23,349  
   
Commission
$0.00 - $130,764  
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).
)
$31,710 - $140,085  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 981
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United States (change)
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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.
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.
Read more about: Insurance Sales Agents

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

Washington
up arrow 68%
Denver
up arrow 37%
Phoenix
up arrow 31%
up arrow 30%
Philadelphia
up arrow 28%
Atlanta
up arrow 26%
Los Angeles
up arrow 25%
Minneapolis
up arrow 19%
Seattle
up arrow 4%
Chicago
up arrow 3%
Houston
up arrow 2%
Cleveland
up arrow 2%
Dallas
up arrow 1%
National Average
$60,000
Boston
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
$60,000

Skills That Affect Insurance Broker Salaries

up arrow 13%
Account Sales
up arrow 1%
National Average
$60,000
Customer Service
up arrow 3%
up arrow 10%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 250 votes.

Gender

Female
54%
female alumni
 
Male
46%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
32%
5-9 years
24%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 65%
vision benefits Vision: 49% employee benefits None: 19%
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