Insurance Broker in Vancouver, British Columbia Salary (Canada)

The average salary for an Insurance Broker in Vancouver, British Columbia is C$47,171 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. The highest paying skills associated with this job are Risk Management / Risk Control and Commercial. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience.

C$33,051 - C$76,995
C$33K
C$46K
C$77K
MEDIAN: C$45,972
10%
50%
90%
C$12.82 - C$26.24
C$13
C$18
C$26
MEDIAN: C$17.77
10%
50%
90%
C$0C$76K
Salary C$33,051 - C$76,995
Bonus C$98.63 - C$6,153
Commission C$294 - C$12,255
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$32,227 - C$72,981
  • Country: Canada
  • Currency: CAD
  • Updated: 19 Jan 2018
  • Individuals Reporting: 101
Hourly Data C$0C$26
Hourly Rate C$12.82 - C$26.24
Overtime C$15.00
Annual Data C$0C$72K
Bonus C$98.63 - C$6,153
Commission C$294 - C$12,255
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$32,227 - C$72,981
  • Country: United States
  • Currency: CAD
  • Updated: 19 Jan 2018
  • Individuals Reporting: 27

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$41,000 based on 27 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$51,000 based on 23 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 17 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 6 salaries.

Key Stats for Insurance Broker

Gender

Female
75 %
Male
25 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.
Less than 1 year
2%
1-4 years
38%
5-9 years
27%
10-19 years
19%
20 years or more
14%

Experience Affects Insurance Broker Salaries

▲37%

Late-Career
▲15%

▲12%

National Average
C$45,000

▼10%

Skills That Affect Insurance Broker Salaries

Risk Management / Risk Control
▲39%

Commercial
▲32%

▲4%

Data Processing
▲1%

National Average
C$45,000

Inside Sales
▼1%

Customer Relationship Management (CRM)
▼1%


▼3%


Software Knowledge
▼3%

Account Sales
▼6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
2%
1-4 years
38%
5-9 years
27%
10-19 years
19%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 68%
vision benefits
Vision: 53%
no benefits
None: 20%