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Insurance Producer Salary

The median salary for Insurance Producers in the United States is approximately $35K annually, but employers pay the most in Cleveland, offering around $63K on average. Insurance Producers can also look forward to large paychecks in cities like Houston (+45 percent), Boston (+38 percent), Seattle (+36 percent), and Los Angeles (+34 percent). The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$21,565 - $60,961
(Median)
$22K
$35K
$61K
MEDIAN: $35,400
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, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$21K$42K$63K
Salary
$21,565 - $60,961  
   
Bonus
$0.00 - $11,798  
Profit Sharing
$120.80 - $7,152  
Commission
$0.00 - $23,538  
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).
)
$21,830 - $62,454  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 490
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$9.91 - $18.41  
   
Overtime
$0.00 - $27.81  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $11,798  
   
Commission
$0.00 - $23,538  
Profit Sharing
$120.80 - $7,152  
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).
)
$21,830 - $62,454  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 301
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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.

Insurance Agent Job Listings

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Popular Employer Salaries for Insurance Producer


Insurance Producers flock to State Farm Insurance Company for generous paychecks, where average earnings of $35K lead the pack in compensation; however, State Farm Insurance Company also provides employees with a wide spectrum of compensation ranging from $21K at one end to $43K at the other end.

Offering a median of only $24K, Farmers Insurance Group pays the least. Moreover, the compensation range seems pretty narrow; employees make $20K on the lower end and $44K on the higher end.

Popular Skills for Insurance Producer


Survey results show that Insurance Producers typically report just a few professional skills. Those who have experience with Sales, Insurance, and Customer Service can expect to be compensated well for these skills. At the other end of the pay range are skills like Customer Service. Most people skilled in Customer Service are similarly competent in Insurance.

Pay by Experience Level for Insurance Producer

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


For many Insurance Producers, extensive experience does not lead to significantly more money. Workers in their first five years can expect to earn $32K, but people who have been around for five to 10 years earn a noticeably bigger sum of $39K. Insurance Producers bring in $40K after working for 10 to 20 years. After two decades in the workforce, the average Insurance Producer generally earns more than ever; median pay for this group is estimated at $45K.

Pay Difference by Location

Related Job Salaries

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Experience Affects Insurance Producer Salaries




National Average
$35,000


Skills That Affect Insurance Producer Salaries

Sales
up arrow 2%

National Average
$35,000

Insurance
up arrow 2%

Customer Service
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 157 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
4%
1-4 years
47%
5-9 years
22%
10-19 years
20%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 39% dental benefits Dental: 26%
vision benefits Vision: 20% employee benefits None: 60%
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