An Insurance Producer earns an average salary of $33,122 per year. Skills that are associated with high pay for this job are Strategic Sales and Sales Management. Most people with this job move on to other positions after 20 years in this field.
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$21,488 - $64,582
$21K
$33K
$65K
MEDIAN: $33,122
10%
50%
90%

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$10.03 - $18.41
$10
$13
$18
MEDIAN: $13.40
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$22K$44K$66K
Salary
$21,488 - $64,582  
   
Bonus
$294.02 - $12,032  
Profit Sharing
$0.00 - $7,600  
Commission
$990 - $20,736  
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).
)
$22,978 - $61,044  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 566
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$11$22$33
Hourly Rate
$10.03 - $18.41  
   
Overtime
$0.00 - $25.34  
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$22K$44K$66K
Bonus
$294.02 - $12,032  
   
Commission
$990 - $20,736  
Profit Sharing
$0.00 - $7,600  
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).
)
$22,978 - $61,044  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 332

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Insurance Producer

Insurance producers are licensed and trained in sales and customer service, and they are responsible for selling insurance and insurance-related products to prospective clients. Additionally, insurance producers must ensure that the policies they offer comply with all insurance regulations, maintain a knowledge of all commercially available products and monitor all clients' insurance policies to be sure that the highest level of service is provided. Insurance producers must also maintain excellent relationships with current clients, which may help secure new client referrals; this includes resolving any client issues and claims quickly and efficiently.

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Insurance Producer Tasks

  • Sells products that protect businesses or individuals from financial loss.
  • Maintains relationship with clients, and advises of changes in coverage.
  • Prepares reports, seek out new business, and maintains records.
  • Serves as a first contact with the customer.

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Popular Employer Salaries for Insurance Producer

Popular Skills for Insurance Producer

Pay by Experience Level for Insurance Producer

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

Pay Difference by Location

National Average: $33,566

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

Related Job Salaries

Key Stats for Insurance Producer

Gender

Female
70 %
Male
30 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 163 votes.
051
Less than 1 year
6%
1-4 years
51%
5-9 years
16%
10-19 years
18%
20 years or more
9%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Producer Salaries




National Average
$34,000


Skills That Affect Insurance Producer Salaries

Strategic Sales
up arrow 76%

Sales Management
up arrow 21%


up arrow 3%


Insurance
0%

National Average
$34,000


Office Management
up arrow 1%

Spanish Language
up arrow 7%

licensed
up arrow 8%

Inside Sales
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 163 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
6%
1-4 years
51%
5-9 years
16%
10-19 years
18%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 37%
dental benefits
Dental: 23%
vision benefits
Vision: 19%
dental benefits
None: 62%
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