Insurance Producer Salary

An Insurance Producer earns an average salary of $33,558 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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$21,860 - $66,592
$22K
$34K
$67K
MEDIAN: $33,558
10%
50%
90%

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$10.09 - $18.26
$10
$13
$18
MEDIAN: $13.37
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
$21,860 - $66,592  
   
Bonus
$256.39 - $14,544  
Profit Sharing
$0.00 - $7,891  
Commission
$980 - $20,366  
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).
)
$23,244 - $62,116  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 552
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
$10.09 - $18.26  
   
Overtime
$0.00 - $23.26  
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
$256.39 - $14,544  
   
Commission
$980 - $20,366  
Profit Sharing
$0.00 - $7,891  
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).
)
$23,244 - $62,116  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 322

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

  • Sell insurance policies to businesses or individuals.
  • Utilize referrals, phone calls, mailings, and other forms of advertising to generate new customers.
  • 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.

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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: $33,584

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

Highly satisfied
Rated 4 out of 5
based on 163 votes.
Less than 1 year
6%
1-4 years
50%
5-9 years
17%
10-19 years
18%
20 years or more
9%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Producer Salaries

▲47%

▲19%

▲10%

National Average
$34,000

▼9%

Skills That Affect Insurance Producer Salaries

Strategic Sales
▲79%

Sales Management
▲21%


▲2%


Insurance
▼0%

National Average
$34,000

Office Management
▼1%


Spanish Language
▼8%

licensed
▼8%

Inside Sales
▼18%

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
50%
5-9 years
17%
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: 61%
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