Earnings for Insurance Brokers in New York come in at around $66K per year on average. Career duration and the company each impact pay for this group, with the former having the largest influence. Work is enjoyable for Insurance Brokers in New York, N.Y., who typically claim high levels of job satisfaction. Male New York Insurance Brokers who responded to the survey are more common than women; more than half (62 percent) are men. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The information for this snapshot was generated by responses to the PayScale salary survey.

$40,406 - $145,722
(Median)
$40K
$66K
$150K
MEDIAN: $66,034
10%
50%
90%

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Local 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$60K$120K$180K
Salary
$40,406 - $145,722  
   
Bonus
$1,927 - $39,866  
Profit Sharing
$25,000  
Commission
$6,500  
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).
)
$35,235 - $167,942  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 67

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United States (change)

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About New York, New York

Kings County, New York
8,550,405
Male:
4,081,698 (47.7%)
Female:
4,468,707 (52.3%)
The City of New York, often called New York City or simply New York, is the most populous city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, one of the most populous urban agglomerations in the world. With a U.S. Census Bureau-estimated 2015 population of 8,550,405 distributed over a land area of just 305 square miles (790 km2), New York is also the most densely populated major city in the United States. A global power city, New York City exerts a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment, its fast pace defining the term New York minute. Home to the headquarters of the United Nations, New York is an important center for international diplomacy and has been described as the cultural and financial capital of the world. Situated...
New York, NY:
$55,752
New York:
$60,850
$1,317
New York, NY:
$538,300
New York:
$293,500
4.7%

Insurance Broker Job Listings

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Popular Employer Salaries for Insurance Broker


AON Corporation offers the highest compensation with a median salary of $98K.

Pay by Experience Level for Insurance Broker

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Insurance Brokers in New York, more experience generally translates to higher pay. Salaries for the relatively untried average out to around $60K, but survey participants with five to 10 years of experience earn a significantly higher median of $90K. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $110K. Average wages for folks with more than 20 years of experience come out to around $155K.

Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

Late-Career
up arrow 126%


Mid-Career
up arrow 31%

National Average
$69,000


Skills That Affect Insurance Broker Salaries

Commercial
up arrow 24%

up arrow 23%

Account Sales
up arrow 20%

Customer Relationship Management (CRM)
up arrow 15%

Account Management
up arrow 12%

Customer Service
up arrow 11%

National Average
$69,000

Sales
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
4%
1-4 years
39%
5-9 years
20%
10-19 years
21%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 74%
medical benefits
Vision: 56%
dental benefits
None: 12%
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