The average salary for an Insurance Broker in Edmonton, Alberta is C$49,099 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience. Most people move on to other jobs if they have more than 20 years' experience in this field. A skill in Account Sales is associated with high pay for this job.

C$39,161 - C$65,802
C$39K
C$49K
C$66K
MEDIAN: C$48,779
10%
50%
90%
C$15.00 - C$27.00
C$20
MEDIAN: C$19.72
50%
C$0C$67K
Salary C$39,161 - C$65,802
Bonus C$125 - C$5,106
Profit Sharing C$1,300
Commission C$990 - C$11,836
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$38,083 - C$67,853
  • Country: Canada
  • Currency: CAD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 98
Hourly Data C$0C$38
Hourly Rate C$19.72
Overtime C$38.49
Annual Data C$0C$67K
Bonus C$125 - C$5,106
Commission C$990 - C$11,836
Profit Sharing C$1,300
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$38,083 - C$67,853
  • Country: United States
  • Currency: CAD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 9

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.

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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

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$47,000 based on 26 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$59,000 based on 16 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$62,000 based on 13 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$57,000 based on 5 salaries.

Key Stats for Insurance Broker

Gender

Female
78 %
Male
22 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.
Less than 1 year
4%
1-4 years
45%
5-9 years
19%
10-19 years
21%
20 years or more
11%

Experience Affects Insurance Broker Salaries

▲23%

Mid-Career
▲17%

Late-Career
▲13%

National Average
C$51,000

▼7%

Skills That Affect Insurance Broker Salaries

Account Sales
▲20%

Customer Relationship Management (CRM)
▲17%

Customer Relations
▲14%

Commercial
▲12%


▲5%

▲5%

National Average
C$51,000

Data Processing
▼4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
4%
1-4 years
45%
5-9 years
19%
10-19 years
21%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 71%
vision benefits
Vision: 55%
no benefits
None: 18%