Average Insurance Broker Salary in Canada

C$44,438
Avg. SalaryShow Hourly Rate
C$1,965
Bonus
C$2,976
Commission
C$1,536
Profit Sharing
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The average salary for an Insurance Broker in Canada is C$44,438.
10%
C$33k
MEDIAN
C$44k
90%
C$61k
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United States (change)
Salary
C$33k - C$61k
Bonus
C$407 - C$6k
Profit Sharing
C$197 - C$5k
Commission
C$248 - C$12k
Total Pay
C$33k - C$63k

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.

Job Satisfaction for Insurance Broker

3.6 out of 5
(432)
Highly Satisfied
35Reviews
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$49,435. Other companies that offer high salaries for this role include Canada Brokerlink Inc. and Marsh Canada Limited, earning around C$47,275 and C$45,265, respectively. Hub International, Inc. pays the lowest at around C$38,115. Hub International Barton Insurance Brokers and Western Financial Group also pay on the lower end of the scale, paying C$38,483 and C$41,241, respectively.

Insurance Broker Job Listings

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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$35,624 based on 75 salaries. An early career Insurance Broker with 1-4 years of experience earns an average total compensation of C$39,389 based on 902 salaries. A mid-career Insurance Broker with 5-9 years of experience earns an average total compensation of C$45,426 based on 541 salaries. An experienced Insurance Broker with 10-19 years of experience earns an average total compensation of C$49,188 based on 539 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$51,588.
Employees with Insurance Broker in their job title in Calgary, Alberta earn an average of 17.7% more than the national average. These job titles also find higher than average salaries in Edmonton, Alberta (12.5% more) and Ottawa, Ontario (12.1% more). The lowest salaries can be found in Winnipeg, Manitoba (10.5% less).

Years of Experience

This data is based on 2,395 survey responses.
Entry Level
3.1%
Early Career
37.7%
Mid Career
22.6%
Experienced
22.5%
Late Career
14.1%

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