Insurance Sales Representative Salary

Insurance Sales Representatives in the United States can expect only a modest salary, with average pay of just $33K annually. In the world of Insurance Sales Representatives, overall cash allowance can occasionally include more than $12K from bonuses and, in some exceptional cases, $8K from profit sharing, causing incomes to vary widely between $22K and $57K. Earnings for this group are mostly affected by the particular firm, followed by geography and tenure. Just over a half of professionals in this line of work do not receive benefits; however, just over two-fifths report medical coverage and nearly one in three claim dental coverage as well. Job satisfaction is reported as high by the vast majority of workers. Respondents to the PayScale salary survey provided the data for this report.
Read More
$22,892 - $58,788

Add this chart to your site: 640px    300px

$9.86 - $18.45

Add this chart to your site: 640px    300px

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$20K$40K$60K
Salary
$22,892 - $58,788  
   
Bonus
$0.00 - $12,032  
Profit Sharing
$487.22 - $8,109  
Commission
$611 - $24,034  
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).
)
$22,395 - $57,463  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 581
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$10$20$30
Hourly Rate
$9.86 - $18.45  
   
Overtime
$0.00 - $27.12  
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$20K$40K$60K
Bonus
$0.00 - $12,032  
   
Commission
$611 - $24,034  
Profit Sharing
$487.22 - $8,109  
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).
)
$22,395 - $57,463  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 360
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Insurance Sales Representative

The insurance sales representative takes on the responsibility of communicating with new and existing clients for the purpose of selling insurance policies, advising clients, and gathering information. These representatives are tasked not only with selling a policy to clients, but also with developing strong working relationships by getting to know clients' needs, resources, and property or persons to be insured. As many insurance agencies offer many different types of insurance, the insurance sales representative must know all available policies and remain up to date on organizational practices and requirements.

Read More...

Insurance Sales Representative 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:

Popular Employer Salaries for Insurance Sales Representative


State Farm Insurance Company, Allstate, Allstate Insurance Company, Liberty Mutual Insurance Group, and Usaa Insurance are all popular places to work. Although Liberty Mutual Insurance Group heads up the field in terms of compensation, offering the highest median salary at $50K, pay at this particular employer still varies considerably, running the full spectrum from $25K to $85K. Insurance Sales Representatives can also look forward to large paychecks at Usaa Insurance ($41K), Geico ($40K), and Progressive Casualty Insurance Company ($37K).

The lowest pay by far can be found at Allstate Insurance Company — this employer offers a median salary of $26K, about half the top paying employer's rate. Others at the bottom of the scale for this job include Farmers Insurance Group at $27K, and Allstate where $31K is the norm, but it is worth noting that some Insurance Sales Representatives there earn up to $43K.

Popular Skills for Insurance Sales Representative


Survey results show that Insurance Sales Representatives typically report just a few professional skills. Most notably, skills in Sales, Insurance, Customer Service, and Bilingual are correlated to pay that is above average. At the other end of the pay range are skills like Bilingual. It is often found that people who know Customer Service are also skilled in Insurance.

Pay by Experience Level for Insurance Sales Representative

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


For Insurance Sales Representatives, more experience in the field does not usually mean bigger paychecks. Salaries of relatively inexperienced workers fall in the neighborhood of $31K, but folks who have racked up five to 10 years see a notably higher median of $37K. Insurance Sales Representatives bring in $39K after working for 10 to 20 years. In the end, more experience does seem to mean larger paychecks; seasoned Insurance Sales Representatives with more than 20 years of experience earn a predictably higher median salary of $45K.

Pay Difference by Location


Insurance Sales Representatives will find that Pittsburgh offers an impressive pay rate, one which exceeds the national average by 45 percent. Insurance Sales Representatives can also look forward to large paychecks in cities like Dallas (+26 percent), New York (+17 percent), Denver (+15 percent), and Chicago (+15 percent). Insurance Sales Representatives in Birmingham report much lower salaries than the rest of the country — 22 percent below the national average — proving that residence is a major factor in overall pay. Below-median salaries also turn up in Houston and Philadelphia (12 percent lower).

Insurance Sales Representative Reviews

What is it like working as an Insurance Sales Representative?

Insurance Sales Representative in Plymouth:
"Minimal Stress, A lot of paperwork."
Pros: Company is pretty easy to work with, has halfway decent software and agency is very nice.
Cons: This company requires physical signatures to write application, along with all sorts of paperwork. It can take quite a while to write a policy.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Insurance Sales Representative Salaries




National Average
$34,000


Skills That Affect Insurance Sales Representative Salaries

Sales
up arrow 3%

Insurance
0%

National Average
$34,000

Customer Service
up arrow 2%

Bilingual
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 161 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
9%
1-4 years
45%
5-9 years
21%
10-19 years
17%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 44% dental benefits Dental: 32%
vision benefits Vision: 27% employee benefits None: 54%
ADVERTISEMENT