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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$22,311 - $67,996
$22K
$33K
$68K
MEDIAN: $33,475
10%
50%
90%

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$10.09 - $18.37
$10
$13
$18
MEDIAN: $13.42
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
$22,311 - $67,996  
   
Bonus
$294.56 - $15,135  
Profit Sharing
$0.00 - $8,243  
Commission
$981 - $20,080  
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).
)
$23,327 - $62,556  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 574
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 - $18.37  
   
Overtime
$0.00 - $23.51  
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
$294.56 - $15,135  
   
Commission
$981 - $20,080  
Profit Sharing
$0.00 - $8,243  
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).
)
$23,327 - $62,556  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 337

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

Pay by Experience for an Insurance Producer has a positive trend. An entry-level Insurance Producer with less than 5 years of experience can expect to earn an average total compensation of $31,000 based on 548 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Producer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $37,000 based on 196 salaries. An experienced Insurance Producer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $40,000 based on 176 salaries. An Insurance Producer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $49,000 based on 75 salaries.

Pay Difference by Location

National Average: $33,586

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

Related Job Salaries

Key Stats for Insurance Producer

Gender

Female
71 %
Male
29 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 179 votes.
Less than 1 year
6%
1-4 years
51%
5-9 years
17%
10-19 years
18%
20 years or more
9%
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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 179 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
6%
1-4 years
51%
5-9 years
17%
10-19 years
18%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 36%
dental benefits
Dental: 22%
vision benefits
Vision: 18%
no benefits
None: 62%
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