Get a Salary Report for



- Compare Your Salary
- Evaluate a Job Offer


- Price a New Hire
- Give a Raise



- Benchmark Jobs
- Create a Comp Plan

Insurance Producer Salary (United States)

Salaries for Insurance Producers in the United States average out at around $36K annually, but Cleveland employers pay the most, offering approximately $63K on average. Insurance Producers can also look forward to large paychecks in cities like Houston (+56 percent), Seattle (+42 percent), Boston (+38 percent), and Chicago (+27 percent). Respondents to the PayScale salary survey provided the data for this report.
Insurance Producer Salary (?
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.
)
$22,359 - $63,707
(Median)
22K
28K
36K
48K
64K
MEDIAN: $35,725
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Insurance Producer Salary (?
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.
)
$9.98 - $18.43
(Median)
10
13
16
18
MEDIAN: $13.00
10%
50%
75%
90%
Add this chart to your site: 640px    300px

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$23K$46K$69K
Salary
$22,359 - $63,707  
   
Bonus
$0.00 - $11,458  
Profit Sharing
$705 - $6,128  
Commission
$0.00 - $22,301  
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).
)
$22,371 - $66,180  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 405
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$12$24$36
Hourly Rate
$9.98 - $18.43  
   
Overtime
$0.00 - $28.78  
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$24K$48K$72K
Bonus
$0.00 - $11,458  
   
Commission
$0.00 - $22,301  
Profit Sharing
$705 - $6,128  
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).
)
$22,371 - $66,180  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 244
Is Insurance Producer your job title? Get a personalized salary report!
Location:
Years in Field/Career:
Location:
Years in Field/Career:
United States (change)

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.
Read More...
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

Search for more jobs:
job title / company
location

Popular Employer Salaries for Insurance Producer

Insurance Producers seeking a sizable paycheck can earn the most at State Farm Insurance Company, where the median salary comes to $34K, though the large pay difference between employees at the top ($21K) and those starting out ($42K) creates a rather diverse pay scale.
Offering a median salary of only $25K, Farmers Insurance Group pays the least. Not only that, but the earnings range of $22K to $40K is pretty narrow, too.

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 experienced in Customer Service also know Insurance.

Pay by Experience Level for Insurance Producer

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Insurance Producers with a lot of experience do not necessarily enjoy more money. Survey participants with less than five years' experience pocket $31K on average, but those with five to 10 years of experience enjoy a much bigger median of $38K. Insurance Producers who work for 10 to 20 years in their occupation tend to earn about $41K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $45K.

Pay Difference By Location

Cleveland
up arrow 78%
Houston
up arrow 56%
Seattle
up arrow 42%
Boston
up arrow 38%
Chicago
up arrow 27%
Phoenix
up arrow 12%
National Average
$35,000
Denver
up arrow 8%
Philadelphia
up arrow 9%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -

Experience Affects Insurance Producer Salaries

National Average
$35,000

Skills That Affect Insurance Producer Salaries

Sales
up arrow 3%
National Average
$35,000
Insurance
up arrow 1%
Customer Service
up arrow 3%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 141 votes.

Gender

Female
70%
female alumni
 
Male
30%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
44%
5-9 years
24%
10-19 years
20%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 41% dental benefits Dental: 28%
vision benefits Vision: 21% employee benefits None: 58%