Average Insurance Broker Salary in Canada

C$44,400
Avg. SalaryShow Hourly Rate
C$1,964
Bonus
C$2,937
Commission
C$1,508
Profit Sharing
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The average salary for an Insurance Broker in Canada is C$44,400.
10%
C$33k
10%
C$44k
50%
C$61k
90%
90%
MEDIAN C$44,400
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United States (change)
Salary
C$33k - C$61k
Bonus
C$336 - C$6k
Profit Sharing
C$197 - C$6k
Commission
C$235 - C$12k
Total Pay
C$33k - C$62k

Your Market Worth Over Time

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Job Description for Insurance Broker

Insurance Broker Tasks
  • May refer clients to independent brokers, work as independent broker, or be employed by an insurance company.
  • Sell life, property, casualty, health, automotive, or other types of insurance.
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 Aon Reed Stenhouse Inc. where the average pay is C$51,291. Other companies that offer high salaries for this role include Westland Insurance and Canada Brokerlink Inc., earning around C$50,421 and C$47,304, respectively. Hub International, Inc. pays the lowest at around C$37,373. Westland Ltd. and Western Financial Group also pay on the lower end of the scale, paying C$41,175 and C$41,446, respectively.

Career Paths

Explore the most common career paths for Insurance Broker. Thickness and color of lines indicates how common a path is.
Insurance Broker
Account Manager, Commercial Lines
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Insurance Broker Job Listings

Popular Skills for Insurance Broker

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

Pay by Experience Level for Insurance Broker

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$35,640 based on 328 salaries. An early career Insurance Broker with 1-4 years of experience earns an average total compensation of C$39,285 based on 972 salaries. A mid-career Insurance Broker with 5-9 years of experience earns an average total compensation of C$45,270 based on 641 salaries. An experienced Insurance Broker with 10-19 years of experience earns an average total compensation of C$48,855 based on 582 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$51,451.
Employees with Insurance Broker in their job title in Calgary, Alberta earn an average of 18.0% more than the national average. These job titles also find higher than average salaries in Ottawa, Ontario (12.2% more) and Edmonton, Alberta (11.8% more). The lowest salaries can be found in Winnipeg, Manitoba (9.5% less).

Years of Experience

This data is based on 2,834 survey responses.
Entry Level
11.6%
Early Career
34.3%
Mid Career
22.6%
Experienced
20.5%
Late Career
11.0%

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