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Average Insurance Broker Salary in Canada

C$44,930
Avg. SalaryShow Hourly Rate
C$1,958
Bonus
C$2,948
Commission
C$1,850
Profit Sharing
What am I worth?
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How should I pay?
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The average salary for an Insurance Broker in Canada is C$44,930.
10%
CA$34k
MEDIAN
CA$45k
90%
CA$61k
Is Insurance Broker your job title? Find out what you should be paid
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Salary
C$34k - C$61k
Bonus
C$489 - C$6k
Profit Sharing
C$325 - C$8k
Commission
C$256 - C$14k
Total Pay
C$33k - C$63k
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What Do Insurance Brokers Do?

Job Satisfaction for Insurance Broker

3.6 out of 5
(376)
Highly Satisfied
40Reviews
The top respondents for the job title Insurance Broker are from the companies Hub International, Inc., Canada Brokerlink Inc. and Western Financial Group. Reported salaries are highest at Westland Insurance where the average pay is C$47,500. Other companies that offer high salaries for this role include Canada Brokerlink Inc. and Marsh Canada Limited, earning around C$46,583 and C$44,906, respectively. Hub International, Inc. pays the lowest at around C$39,099. Westland Ltd. and Western Financial Group also pay on the lower end of the scale, paying C$40,695 and C$41,276, respectively.

Career Paths

Explore the most common career paths for Insurance Broker. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Insurance Broker
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Insurance Broker Job Listings

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What Are Popular Skills for Insurance Brokers?

Skills in Insurance and Commercial are correlated to pay that is above average. Skills that pay less than market rate include Customer Relations, Sales and Customer Service.

What is the Pay by Experience Level for Insurance Brokers?

An entry-level Insurance Broker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of C$36,906 based on 90 salaries. An early career Insurance Broker with 1-4 years of experience earns an average total compensation of C$40,214 based on 857 salaries. A mid-career Insurance Broker with 5-9 years of experience earns an average total compensation of C$46,430 based on 513 salaries. An experienced Insurance Broker with 10-19 years of experience earns an average total compensation of C$49,951 based on 476 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$51,918.
Employees with Insurance Broker in their job title in Calgary, Alberta earn an average of 16.5% more than the national average. These job titles also find higher than average salaries in Edmonton, Alberta (10.1% more) and Ottawa, Ontario (9.7% more). The lowest salaries can be found in Winnipeg, Manitoba (8.3% less).

Years of Experience

This data is based on 2,237 survey responses.
Entry Level
4.0%
Early Career
38.3%
Mid Career
22.9%
Experienced
21.3%
Late Career
13.5%

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