Average Mid-Career Insurance Broker Salary in Canada

C$45,270
Avg. SalaryShow Hourly Rate
C$1,993
Bonus
C$2,941
Commission
C$1,300
Profit Sharing
What am I worth?
Get pay report
How should I pay?
Price a job
The average salary for a Mid-Career Insurance Broker in Canada is C$45,270.
10%
C$35k
10%
C$45k
50%
C$60k
90%
90%
MEDIAN C$45,270
Is Insurance Broker your job title? Get a personalized salary report!
How it works:
1
Enter city & years of experience
2
Add pay factors like skills & education
3
Find your market worth with a report tailored to you
United States (change)
Salary
C$35k - C$60k
Bonus
C$488 - C$7k
Profit Sharing
C$300 - C$4k
Commission
C$306 - C$12k
Total Pay
C$36k - C$62k

Your Market Worth Over Time

How has your pay changed over time for your market? Find out by taking our salary quiz.

Job Description for Insurance Broker

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

The top respondents for the job title Insurance Broker are from the companies Canada Brokerlink Inc., Hub International, Inc. and Marsh Canada Limited. Reported salaries are highest at Canada Brokerlink Inc. where the average pay is C$47,744. Other companies that offer high salaries for this role include Marsh Canada Limited, earning around C$45,049. Hub International, Inc. pays the lowest at around C$38,500. Westland Ltd. also pays on the lower end of the scale, paying C$41,175.

Career Paths

Explore the most common career paths for Insurance Broker. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Insurance Broker
Branch Manager, Insurance Office
Account Manager, Commercial Lines
Customer Service Representative (CSR)
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Insurance Broker Job Listings

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 entry-level Insurance Broker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of C$35,640 based on 74 salaries. An early career Insurance Broker with 1-4 years of experience earns an average total compensation of C$39,285 based on 904 salaries. An experienced Insurance Broker with 10-19 years of experience earns an average total compensation of C$48,855 based on 551 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$51,451.
Employees with Insurance Broker in their job title in Edmonton, Alberta earn an average of 18.8% more than the national average. These job titles also find higher than average salaries in Calgary, Alberta (15.5% more) and Montréal, Québec (12.4% more). The lowest salaries can be found in Winnipeg, Manitoba (5.9% less) and London, Ontario (2.2% less).

Years of Experience

This data is based on 1,860 survey responses.
Entry Level
4.0%
Early Career
48.6%
Experienced
29.6%
Late Career
17.8%

Related Job Salaries