Insurance Producer Salary

An Insurance Producer earns an average salary of $35,418 per year. Skills that are associated with high pay for this job are Customer Relationship Management (CRM) and Customer Relations. Most people with this job move on to other positions after 20 years in this field.
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$22,215 - $66,011
(Median)
$22K
$35K
$66K
MEDIAN: $35,417
10%
50%
90%

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$9.91 - $18.41
(Median)
$9
$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$23K$46K$69K
Salary
$22,215 - $66,011  
   
Bonus
$0.00 - $12,080  
Profit Sharing
$0.00 - $7,600  
Commission
$202.03 - $22,726  
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).
)
$22,357 - $66,481  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 669
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$12$24$36
Hourly Rate
$9.91 - $18.41  
   
Hourly Tips
$3.13  
Overtime
$0.00 - $29.15  
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$24K$48K$72K
Bonus
$0.00 - $12,080  
   
Commission
$202.03 - $22,726  
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).
)
$22,357 - $66,481  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 400
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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: $34,741

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

Related Job Salaries

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Experience Affects Insurance Producer Salaries




National Average
$35,000


Skills That Affect Insurance Producer Salaries

Customer Relationship Management (CRM)
up arrow 38%

Customer Relations
up arrow 34%

Sales
up arrow 2%

National Average
$35,000

Insurance
up arrow 2%

Customer Service
up arrow 4%

Job Satisfaction

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

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
5%
1-4 years
47%
5-9 years
21%
10-19 years
19%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 39%
dental benefits
Dental: 25%
medical benefits
Vision: 20%
dental benefits
None: 60%
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