Insurance Broker Salary

An Insurance Broker earns an average salary of $58,236 per year. A skill in Commercial is associated with high pay for this job. Experience has a moderate effect on income for this job.
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$33,143 - $114,194
$33K
$58K
$110K
MEDIAN: $58,236
10%
50%
90%

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$10.06 - $27.36
$10
$16
$27
MEDIAN: $15.50
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
$33,143 - $114,194  
   
Bonus
$521 - $24,471  
Profit Sharing
$0.00 - $28,000  
Commission
$0.00 - $72,985  
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).
)
$30,588 - $125,209  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 668
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
$10.06 - $27.36  
   
Overtime
$14.75 - $42.92  
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
$521 - $24,471  
   
Commission
$0.00 - $72,985  
Profit Sharing
$0.00 - $28,000  
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).
)
$30,588 - $125,209  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 104

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

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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: $58,419

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

Related Job Salaries

Key Stats for Insurance Broker

Gender

Female
51 %
Male
49 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 108 votes.
Less than 1 year
5%
1-4 years
37%
5-9 years
19%
10-19 years
23%
20 years or more
16%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

▲61%

▲24%

▲10%

National Average
$58,000

▼18%

Skills That Affect Insurance Broker Salaries

▲11%



▲4%


▲1%

National Average
$58,000

Sales Management
▼2%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 108 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
5%
1-4 years
37%
5-9 years
19%
10-19 years
23%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 59%
vision benefits
Vision: 49%
dental benefits
None: 23%
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