The average pay for an Entry-Level Insurance Broker is C$37,300 per year. A skill in Risk Management / Risk Control is associated with high pay for this job.

C$30,012 - C$49,762
C$30K
C$38K
C$50K
MEDIAN: C$37,803
10%
50%
90%
C$12.88 - C$23.04
C$13
C$17
C$23
MEDIAN: C$16.83
10%
50%
90%
C$0C$51K
Salary C$30,012 - C$49,762
Bonus C$193.92 - C$5,020
Profit Sharing C$0.00 - C$4,872
Commission C$102.13 - C$10,256
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$30,082 - C$51,797
  • Country: Canada
  • Currency: CAD
  • Updated: 22 Sep 2017
  • Individuals Reporting: 486
Hourly Data C$0C$49
Hourly Rate C$12.88 - C$23.04
Overtime C$0.00 - C$49.32
Annual Data C$0C$51K
Bonus C$193.92 - C$5,020
Commission C$102.13 - C$10,256
Profit Sharing C$0.00 - C$4,872
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$30,082 - C$51,797
  • Country: United States
  • Currency: CAD
  • Updated: 22 Sep 2017
  • Individuals Reporting: 132

Find Out Exactly What You Should Be Paid

United States (change)

Insurance Broker Job Listings

Popular Employer Salaries for Insurance Broker

Pay Difference by Location

National Average: C$38,405

Larger city markers indicate a job is popular in that location.

Insurance Broker 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 Kelowna:
Be a producer or a man as this occupancy is very much male dominated with respect to the higher paid positions.

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

Key Stats for Insurance Broker

Gender

Female
71 %
Male
29 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 112 votes.
Less than 1 year
6%
1-4 years
78%
5-9 years
17%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Insurance Broker Salaries

Risk Management / Risk Control
▲9%

Account Sales
▲6%

Commercial
▲6%

Computer Service
▲2%



▼0%

National Average
C$38,000


▼3%

Inside Sales
▼3%

Software Knowledge
▼5%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 112 votes.

Gender

Female
71 %
Male
29 %

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 71%
vision benefits
Vision: 49%
no benefits
None: 19%
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