An Insurance Broker earns an average salary of $58,803 per year. A skill in Account Management is associated with high pay for this job. Experience has a moderate effect on income for this job.
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$33,628 - $122,120
(Median)
$34K
$59K
$120K
MEDIAN: $58,803
10%
50%
90%

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$9.96 - $25.99
(Median)
$10
$15
$26
MEDIAN: $15.00
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
$33,628 - $122,120  
   
Bonus
$598 - $25,154  
Profit Sharing
$0.00 - $28,596  
Commission
$193.92 - $66,977  
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).
)
$30,325 - $128,694  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 628
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
$9.96 - $25.99  
   
Overtime
$13.85 - $42.79  
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
$598 - $25,154  
   
Commission
$193.92 - $66,977  
Profit Sharing
$0.00 - $28,596  
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).
)
$30,325 - $128,694  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 110
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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

  • 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

National Average: $58,388

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

Related Job Salaries

United States (change)

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Experience Affects Insurance Broker Salaries




National Average
$58,000


Skills That Affect Insurance Broker Salaries



Insurance
up arrow 4%

Customer Relationship Management (CRM)
up arrow 4%

Account Sales
up arrow 4%

Sales
up arrow 2%

National Average
$58,000


Sales Management
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 105 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
5%
1-4 years
38%
5-9 years
19%
10-19 years
22%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 59%
medical benefits
Vision: 47%
dental benefits
None: 24%
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