The average salary for an Insurance Producer is $33,188 per year. Most people with this job move on to other positions after 20 years in this field. Skills that are associated with high pay for this job are Strategic Sales and Sales Management. Experience has a moderate effect on income for this job.
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$21,458 - $64,784
(Median)
$21K
$33K
$65K
MEDIAN: $33,188
10%
50%
90%

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$9.96 - $18.33
(Median)
$10
$13
$18
MEDIAN: $13.00
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$22K$44K$66K
Salary
$21,458 - $64,784  
   
Bonus
$250.83 - $12,508  
Profit Sharing
$0.00 - $7,600  
Commission
$1,014 - $20,273  
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).
)
$22,649 - $61,572  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 557
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
$9.96 - $18.33  
   
Overtime
$0.00 - $30.67  
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
$250.83 - $12,508  
   
Commission
$1,014 - $20,273  
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).
)
$22,649 - $61,572  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 329
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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

  • Process the paperwork to enroll customers in policies and calculate premiums.
  • Explain insurance policies to customers and help them customize policies to fit their needs.
  • Sell insurance policies to businesses or individuals.
  • Utilize referrals, phone calls, mailings, and other forms of advertising to generate new customers.

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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: $33,416

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

Related Job Salaries

United States (change)

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Experience Affects Insurance Producer Salaries




National Average
$33,000


Skills That Affect Insurance Producer Salaries

Strategic Sales
up arrow 76%

Sales Management
up arrow 21%

Sales
up arrow 2%

Customer Relations
up arrow 1%

Insurance
0%

Customer Relationship Management (CRM)
0%

National Average
$33,000

Office Management
up arrow 1%

Customer Service
up arrow 2%

licensed
up arrow 7%

Spanish Language
up arrow 16%

Inside Sales
up arrow 17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 163 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
6%
1-4 years
53%
5-9 years
16%
10-19 years
17%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 36%
dental benefits
Dental: 23%
medical benefits
Vision: 18%
dental benefits
None: 62%
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