The average salary for an Insurance Broker is C$43,421 per year. A skill in Commercial is associated with high pay for this job.

C$31,955 - C$60,117
C$32K
C$43K
C$60K
MEDIAN: C$43,216
10%
50%
90%
C$13.95 - C$26.59
C$14
C$19
C$27
MEDIAN: C$18.89
10%
50%
90%
C$0C$62K
Salary C$31,955 - C$60,117
Bonus C$298.89 - C$5,078
Profit Sharing C$51.52 - C$4,973
Commission C$146.17 - C$10,413
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
C$32,226 - C$62,352
  • Country: Canada
  • Currency: CAD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 1,076
Hourly Data C$0C$55
Hourly Rate C$13.95 - C$26.59
Overtime C$0.00 - C$55.27
Annual Data C$0C$62K
Bonus C$298.89 - C$5,078
Commission C$146.17 - C$10,413
Profit Sharing C$51.52 - C$4,973
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
C$32,226 - C$62,352
  • Country: United States
  • Currency: CAD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 220

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United States (change)

Common Career Paths for Insurance Broker


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Insurance Broker Job Listings

Popular Employer Salaries for Insurance Broker

Popular Skills for Insurance Broker

Pay by Experience Level for Insurance Broker

Pay by Experience for an Insurance Broker has a positive trend. An entry-level Insurance Broker with less than 5 years of experience can expect to earn an average total compensation of C$37,000 based on 558 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$45,000 based on 362 salaries. An experienced Insurance Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$49,000 based on 325 salaries. An Insurance Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$52,000 based on 165 salaries.

Pay Difference by Location

25%

22%

18%

17%

14%

-3%

-4%

-5%

-12%

-22%

National Average: C$43,718

Larger city markers indicate a job is popular in that location.

Insurance Broker Reviews

Q: What is it like working as an Insurance Broker?

Insurance Broker in Burnaby:
Pros: Helping customers and employees.
Cons: Overworked and stress.

Insurance Broker in Vancouver:
"Educated Customer Service"
Pros: Every day there are new situations, no two days will be exactly the same. You will be continually presented with new situations that require research and discussion to provide the best coverage for your client.
Cons: As with any retail customer service position, you will get your share of unhappy and never pleased customers. Insurance is seen as a necessary evil, so a lot of people do not relish the fact that they need to purchase it.

Insurance Broker in Powell River:
"Caring for my clients"
Pros: Providing advice to people on how to protect their assets, and making sure the right coverage is selected. Work with many great people in the industry and in my office. Always learning and growing. Meeting new people.
Cons: Some customers still do not see the value in insurance, and feel as though they are ripped off. Having to explain escalating premiums to these types of people can be difficult. Dealing with good and bad people with problems regarding their insurance always a challenge, because as a broker there is at some times a limit on how much assistance we can provide to the client.

Related Job Salaries

Key Stats for Insurance Broker

Gender

Female
79 %
Male
21 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 264 votes.
Less than 1 year
3%
1-4 years
37%
5-9 years
23%
10-19 years
23%
20 years or more
15%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Broker Salaries

▲19%

▲12%

▲4%

National Average
C$44,000

▼14%

Skills That Affect Insurance Broker Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 264 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
3%
1-4 years
37%
5-9 years
23%
10-19 years
23%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 72%
vision benefits
Vision: 50%
no benefits
None: 18%
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