The average salary for an Insurance Broker in Canada is C$44,930.
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What Do Insurance Brokers Do?
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.
Insurance brokers provide insurance quotes via phone, online, or in-person. They must assess consumers’ individual needs prior to providing quotes and may need to conduct valuations of properties or businesses to be insured. They may also take photographs, obtain inspection reports, and compare cov…Read more
Job Satisfaction for Insurance Broker
Popular Employer Salaries for Insurance Broker
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.
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
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Branch Manager, Insurance Office
Account Manager, Commercial Lines
Customer Service Representative (CSR)
Somewhat common (8 - 20%)
Insurance Broker Job Listings
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.
Pay Difference by Location
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.