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Insurance Broker Salary

An Insurance Broker earns an average salary of $59,804 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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$32,901 - $128,574
(Median)
$33K
$60K
$130K
MEDIAN: $59,804
10%
50%
90%

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$10.08 - $23.86
(Median)
$10
$16
$24
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
$32,901 - $128,574  
   
Bonus
$0.00 - $25,489  
Profit Sharing
$100.00 - $30,968  
Commission
$0.00 - $97,444  
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).
)
$31,406 - $144,236  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 792
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
$10.08 - $23.86  
   
Overtime
$13.69 - $40.05  
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 - $25,489  
   
Commission
$0.00 - $97,444  
Profit Sharing
$100.00 - $30,968  
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).
)
$31,406 - $144,236  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 97

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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.

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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

Related Job Salaries

United States (change)

Experience Affects Insurance Broker Salaries




National Average
$61,000


Skills That Affect Insurance Broker Salaries


Account Management
up arrow 7%


Insurance
up arrow 4%

National Average
$61,000

Account Sales
up arrow 1%

up arrow 15%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 184 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
5%
1-4 years
31%
5-9 years
23%
10-19 years
26%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 66%
vision benefits Vision: 50% employee benefits None: 17%
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