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Insurance Broker Salary

An Insurance Broker earns an average salary of $58,929 per year. A skill in Customer Relationship Management (CRM) is associated with high pay for this job. Experience strongly influences income for this job.
$33,078 - $129,003
(Median)
33K
44K
59K
88K
130K
MEDIAN: $58,928
10%
25%
50%
75%
90%

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$10.23 - $24.39
(Median)
10
13
16
20
24
MEDIAN: $16.00
10%
25%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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
$33,078 - $129,003  
   
Bonus
$-0.42 - $25,154  
Profit Sharing
$300.00 - $30,968  
Commission
$0.00 - $103,424  
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).
)
$31,904 - $147,170  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 815
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
$10.23 - $24.39  
   
Overtime
$14.29 - $41.40  
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
$-0.42 - $25,154  
   
Commission
$0.00 - $103,424  
Profit Sharing
$300.00 - $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).
)
$31,904 - $147,170  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 85
United States (change)

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

Experience Affects Insurance Broker Salaries




National Average
$60,000


Skills That Affect Insurance Broker Salaries



Commercial
up arrow 4%

Account Sales
0%

National Average
$60,000

up arrow 12%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 208 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
5%
1-4 years
31%
5-9 years
24%
10-19 years
26%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 65%
vision benefits Vision: 50% employee benefits None: 18%