C$46,452
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

C$2,035

Bonus

C$4,500

Commission

What am I worth?
How should I pay?

The average pay for an Insurance Broker with Insurance skills is {{pay}} per hour.

The average pay for an Insurance Broker with Insurance skills is C$46,452 per year.

C$0.00
10%
C$0.00
50%
C$0.00
90%
MEDIAN C$0.00
C$40k
10%
C$46k
50%
C$50k
90%
MEDIAN C$46,452
C$39,663 - C$50,421
C$46K
MEDIAN: C$46,452
50%

Job Description for Insurance Broker

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.

Read More...

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.

Insurance Broker Job Listings

Hub International, Inc. Advice

Q: What do you wish you knew about your job when you first started out?

Insurance Broker in Moncton:
"That working hard does not always mean you get the best pay."
Ask as many questions as you can and never stop learning. Keep on top of your work.

Insurance Broker in Peterborough:
"Get your education."
This industry is hush hush about who makes what for salary. It's not discussed and not allowed to be discussed. Get your education right away CAIB or/and CIP if you think you are going to go the direction of Underwriting. Go for interviews at other brokerages to see their reaction to your salary request. Negotiation of your wage is the only way that you will get a salary increase, there is no pay scale so you never really know what you are shooting for. The stress is high and the expectations are high.

Insurance Broker in Yorkton:
Pros: Benefits and flexibility. Good office conditions.
Cons: Communitcation with Head Office is not as expected.

Insurance Broker in Ottawa:
"More commercial knowledge."
Get more knowledge of insurance products.

Insurance Broker in Winnipeg:
"Management is new and not at all knowledgable."
Pros: Nothing.
Cons: Manager has no knowledge of day to day operations of the branch. No effort is made to understand and the said individual requires appropriate education and training to fully understand the position and responsibilities of the employees being managed.

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.

Key Stats for Insurance Broker

Gender

Female
75 %
Male
25 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.
10-19 years
78%
20 years or more
22%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.

Gender

Female
75 %
Male
25 %

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 89%
vision benefits
Vision: 11%
no benefits
None: 11%