Average Insurance Broker Salary in Canada

C$48,242
Avg. Base Salary (CAD)
10%
CA$37k
MEDIAN
CA$48k
90%
CA$66k

The average salary for an Insurance Broker is C$48,242 in 2023

Base Salary
C$37k - C$66k
Bonus
C$494 - C$6k
Profit Sharing
C$487 - C$7k
Commission
C$512 - C$15k
Total Pay
C$36k - C$68k
Is Average Insurance Broker Salary in Canada your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
United States (change)
How it works:
1
Enter city & years of experience
2
Add pay factors like skills & education
3
Find your market worth with a report tailored to you
EXPLORE BY:

What is the Pay by Experience Level for Insurance Brokers?

What Do Insurance Brokers Do?

Find your market worth – how it works:

How do Insurance Brokers Rate Their Jobs?

3.7 out of 5
(223)
Highly Satisfied
48Reviews
Based on 223 responses, the job of Insurance Broker has received a job satisfaction rating of 3.66 out of 5. On average, Insurance Brokers are highly satisfied with their job.

FAQs About Insurance Brokers

What is the highest pay for Insurance Brokers?

Our data indicates that the highest pay for an Insurance Broker is CA$66k / year

What is the lowest pay for Insurance Brokers?

Our data indicates that the lowest pay for an Insurance Broker is CA$37k / year

How can Insurance Brokers increase their salary?

Increasing your pay as an Insurance Broker is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Insurance Broker that oversees more junior Insurance Brokers, this experience can increase the likelihood to earn more.