The average salary for an Insurance Broker with Risk Management / Risk Control skills in Canada is C$45,984.
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C$35k - C$67k
C$1k - C$4k
C$605 - C$20k
C$35k - C$70k
Your Market Worth Over Time
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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. Insurance brokers provide insurance quotes via phone, online, or in-person. They must assess consumers’ individual needs prior to providing quotes and may need to conduct valuations of properties or businesses to be insured. They may also take photographs, obtain inspection reports, and compare cov…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.
Popular Employer Salaries for Insurance Broker
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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 early career Insurance Broker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of C$42,231 based on 48 salaries. A mid-career Insurance Broker with 5-9 years of experience earns an average total compensation of C$46,764 based on 42 salaries. An experienced Insurance Broker with 10-19 years of experience earns an average total compensation of C$49,968 based on 25 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$53,721.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Insurance Broker in their job title in Calgary, Alberta earn an average of 18.7% more than the national average. These job titles also find higher than average salaries in Montréal, Québec (10.4% more) and Vancouver, British Columbia (8.7% more). The lowest salaries can be found in Winnipeg, Manitoba (11.4% less), Edmonton, Alberta (1.1% less) and Red Deer, Alberta (0.7% less).
Years of Experience
This data is based on 130 survey responses.
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