The average pay for an Insurance Broker is AU$60,476 per year. Experience has a moderate effect on income for this job. People in this job generally don't have more than 20 years' experience.

AU$39,378 - AU$101,440
AU$39K
AU$60K
AU$100K
MEDIAN: AU$60,476
10%
50%
90%
AU$20.90 - AU$33.39
AU$21
AU$24
AU$33
MEDIAN: AU$24.47
10%
50%
90%
AU$0AU$101K
Salary AU$39,378 - AU$101,440
Bonus AU$976 - AU$16,500
Profit Sharing AU$100
Commission AU$0.00 - AU$30,410
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).
)
AU$40,079 - AU$98,910
  • Country: Australia
  • Currency: AUD
  • Updated: 13 Jan 2018
  • Individuals Reporting: 303
Hourly Data AU$0AU$33
Hourly Rate AU$20.90 - AU$33.39
Annual Data AU$0AU$98K
Bonus AU$976 - AU$16,500
Commission AU$0.00 - AU$30,410
Profit Sharing AU$100
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).
)
AU$40,079 - AU$98,910
  • Country: United States
  • Currency: AUD
  • Updated: 13 Jan 2018
  • Individuals Reporting: 52

Job Description for Insurance Broker

Insurance brokers often work as agents of large insurance companies or independently; in either case, they work directly with clients and must have necessary licenses in their states of employment.

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Insurance Broker Tasks

  • May refer clients to independent brokers, work as independent broker, or be employed by an insurance company.
  • Sell life, property, casualty, health, automotive, or other types of insurance.

Insurance Broker Pay By Employer

$0$196K

Marsh, Inc.
52 profiles
$81,951

Willis Group Ltd
30 profiles
$88,994

$75,708

AON Corporation
23 profiles
$83,875

AON Inc
13 profiles
$79,992

$86,339

$47,690

Aon Benfield
5 profiles
$75,000

Common Career Paths for Insurance Broker


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Insurance Broker Job Listings

Pay by Experience Level for Insurance Broker

Pay by Experience for an Insurance Broker has a positive trend. An entry-level Insurance Broker with less than 5 years of experience can expect to earn an average total compensation of AU$51,000 based on 164 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of AU$61,000 based on 121 salaries. An experienced Insurance Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of AU$70,000 based on 102 salaries. An Insurance Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of AU$84,000 based on 34 salaries.

Pay Difference by Location

National Average: AU$59,802

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

Insurance Broker Reviews

Q: What is it like working as an Insurance Broker?

Insurance Broker in Sunshine Coast:
"INsurance broker."
Pros: Growth potential in my career.
Cons: The salary.

Insurance Broker in Sydney:
"Fast Paced."
Pros: I like that even though a lot of things are similar, they are very different at the same time and no 2 risks or clients are the same.
Cons:

Related Job Salaries

Key Stats for Insurance Broker

Gender

Female
70 %
Male
30 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
Less than 1 year
3%
1-4 years
35%
5-9 years
26%
10-19 years
26%
20 years or more
10%

Experience Affects Insurance Broker Salaries

▲40%

▲16%

▲1%

National Average
AU$60,000

▼15%

Skills That Affect Insurance Broker Salaries


National Average
AU$60,000

▼2%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
3%
1-4 years
35%
5-9 years
26%
10-19 years
26%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 8%
dental benefits
Dental: 1%
vision benefits
Vision: 2%
no benefits
None: 91%