The average salary for an Insurance Agent with Insurance skills in Canada is C$41,404.
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C$32k - C$52k
C$491 - C$5k
C$983 - C$2k
C$50 - C$12k
C$32k - C$55k
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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 policie…Read more
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
The top respondents for the job title Insurance Agent are from the companies Western Financial Group, The Co-operators and Hub International, Inc.. Reported salaries are highest at TD Insurance where the average pay is C$47,170. Other companies that offer high salaries for this role include Alberta Motor Association and Belairdirect, earning around C$45,009 and C$44,460, respectively. Hub International Barton Insurance Brokers pays the lowest at around C$32,000. Hub International, Inc. and Western Financial Group also pay on the lower end of the scale, paying C$33,866 and C$38,284, respectively.
Insurance Agent Job Listings
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Popular Skills for Insurance Agent
Skills in Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include Inside Sales, Customer Relations, Sales and Customer Service.
Pay by Experience Level for Insurance Agent
An entry-level Insurance Agent with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of C$38,607 based on 25 salaries. An early career Insurance Agent with 1-4 years of experience earns an average total compensation of C$39,516 based on 169 salaries. A mid-career Insurance Agent with 5-9 years of experience earns an average total compensation of C$42,581 based on 68 salaries. An experienced Insurance Agent with 10-19 years of experience earns an average total compensation of C$45,501 based on 42 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$49,414.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Insurance Agent in their job title in Edmonton, Alberta earn an average of 16.6% more than the national average. These job titles also find higher than average salaries in Calgary, Alberta (7.5% more) and Toronto, Ontario (2.6% more). The lowest salaries can be found in Victoria, British Columbia (10.6% less), Vancouver, British Columbia (3.4% less) and Surrey, British Columbia (3.4% less).
Years of Experience
This data is based on 333 survey responses.
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