AU$62,085
Avg. Salary
AU$26.19
Avg. Hourly Rate

Average additional compensation:

AU$4,096

Bonus

AU$13,139

Profit Sharing

AU$5,000

Commission

What am I worth?
How should I pay?

The average pay for an Insurance Broker is AU$26.19 per hour.

The average pay for an Insurance Broker is AU$62,085 per year.

10%
AU$20.72
10%
AU$26.19
50%
AU$35.36
90%
90%
MEDIAN AU$26.19
10%
AU$41k
10%
AU$62k
50%
AU$105k
90%
90%
MEDIAN AU$62,085
AU$40,920 - AU$105,492
AU$41K
AU$62K
AU$110K
MEDIAN: AU$62,085
10%
50%
90%
AU$20.72 - AU$35.36
AU$21
AU$26
AU$35
MEDIAN: AU$26.19
10%
50%
90%
AU$0AU$105K
Salary AU$40,920 - AU$105,492
Bonus AU$515 - AU$17,452
Profit Sharing AU$13,139
Commission AU$843 - AU$24,161
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$42,407 - AU$102,848
  • Country: Australia
  • Currency: AUD
  • Updated: 17 Apr 2019
  • Individuals Reporting: 313
Hourly Data AU$0AU$35
Hourly Rate AU$20.72 - AU$35.36
Annual Data AU$0AU$102K
Bonus AU$515 - AU$17,452
Commission AU$843 - AU$24,161
Profit Sharing AU$13,139
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$42,407 - AU$102,848
  • Country: United States
  • Currency: AUD
  • Updated: 17 Apr 2019
  • Individuals Reporting: 68

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.

Read More...
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.

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

7%

2%

-4%

-37%

National Average: AU$61,601

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
65 %
Male
35 %
Less than 1 year
2%
1-4 years
33%
5-9 years
26%
10-19 years
29%
20 years or more
10%

Experience Affects Insurance Broker Salaries

▲36%

▲13%

National Average
AU$62,000

▼2%

▼17%

Skills That Affect Insurance Broker Salaries


National Average
AU$62,000

▼5%


Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
2%
1-4 years
33%
5-9 years
26%
10-19 years
29%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 7%
dental benefits
Dental: 1%
vision benefits
Vision: 1%
no benefits
None: 92%