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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$32,825 - $119,828
$33K
$58K
$120K
MEDIAN: $58,337
10%
50%
90%

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$10.20 - $27.36
$10
$16
$27
MEDIAN: $16.10
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
$32,825 - $119,828  
   
Bonus
$516 - $24,768  
Profit Sharing
$0.00 - $27,812  
Commission
$0.37 - $80,000  
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).
)
$30,536 - $128,048  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 650
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
$10.20 - $27.36  
   
Overtime
$14.70 - $42.82  
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
$516 - $24,768  
   
Commission
$0.37 - $80,000  
Profit Sharing
$0.00 - $27,812  
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).
)
$30,536 - $128,048  
Country: United States | Currency: USD | Updated: 25 Mar 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

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: $58,572

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

Related Job Salaries

Key Stats for Insurance Broker

Gender

Female
50 %
Male
50 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 107 votes.
Less than 1 year
4%
1-4 years
37%
5-9 years
20%
10-19 years
22%
20 years or more
17%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

▲66%

▲24%

▲10%

National Average
$59,000

▼18%

Skills That Affect Insurance Broker Salaries

▲10%

▲8%


▲4%


▲1%

National Average
$59,000

Sales Management
▼2%


Data Analysis
▼15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 107 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
4%
1-4 years
37%
5-9 years
20%
10-19 years
22%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 58%
vision benefits
Vision: 48%
no benefits
None: 24%