The average salary for an Insurance Agent is C$40,858 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.

C$29,413 - C$51,547
C$29K
C$41K
C$52K
MEDIAN: C$40,581
10%
50%
90%
C$13.21 - C$24.34
C$13
C$18
C$24
MEDIAN: C$18.06
10%
50%
90%
C$0C$53K
Salary C$29,413 - C$51,547
Bonus C$399 - C$5,946
Profit Sharing C$103 - C$4,848
Commission C$0.00 - C$15,998
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).
)
C$29,463 - C$53,367
  • Country: Canada
  • Currency: CAD
  • Updated: 13 Jan 2018
  • Individuals Reporting: 451
Hourly Data C$0C$40
Hourly Rate C$13.21 - C$24.34
Overtime C$1.46 - C$40.69
Annual Data C$0C$53K
Bonus C$399 - C$5,946
Commission C$0.00 - C$15,998
Profit Sharing C$103 - C$4,848
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).
)
C$29,463 - C$53,367
  • Country: United States
  • Currency: CAD
  • Updated: 13 Jan 2018
  • Individuals Reporting: 177

Job Description for Insurance Agent

Insurance is a general term for a type of prepaid policy that provides a policy holder with a financial benefit in case of calamity. Common kinds of policies include auto insurance, health insurance, life insurance, long-term disability coverage, and property/renter's insurance. An insurance agent typically sells one or more type of policy from an office environment such as an agency, brokerage firm, or insurance company. Insurance agents who work for a brokerage firm will likely sell policies from several different insurance companies, while those hired by an insurance company serve as salespeople for their company's products.

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Insurance Agent Tasks

  • Sell insurance policies to businesses or individuals.
  • Utilize referrals, phone calls, mailings, and other forms of advertising to generate new customers.
  • 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.

Popular Employer Salaries for Insurance Agent

Common Career Paths for Insurance Agent


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Insurance Agent Job Listings

Popular Skills for Insurance Agent

Pay by Experience Level for Insurance Agent

Pay by Experience for an Insurance Agent has a positive trend. An entry-level Insurance Agent with less than 5 years of experience can expect to earn an average total compensation of C$37,000 based on 177 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Agent with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$44,000 based on 72 salaries. An experienced Insurance Agent which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$49,000 based on 44 salaries. An Insurance Agent with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$51,000 based on 23 salaries.

Pay Difference by Location

National Average: C$40,715

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

Related Job Salaries

Key Stats for Insurance Agent

Gender

Female
72 %
Male
28 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 74 votes.
Less than 1 year
9%
1-4 years
46%
5-9 years
21%
10-19 years
16%
20 years or more
8%

Experience Affects Insurance Agent Salaries

▲24%

▲21%

▲9%

National Average
C$41,000

▼8%

Skills That Affect Insurance Agent Salaries

▲3%

▲1%

Customer Service
▼0%

National Average
C$41,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 74 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
9%
1-4 years
46%
5-9 years
21%
10-19 years
16%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 75%
vision benefits
Vision: 56%
no benefits
None: 16%