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$29,741 - C$49,903
C$30K
C$38K
C$50K
MEDIAN: C$38,142
10%
50%
90%
C$12.68 - C$22.57
C$13
C$17
C$23
MEDIAN: C$16.53
10%
50%
90%
C$0C$52K
Salary C$29,741 - C$49,903
Bonus C$196 - C$5,087
Profit Sharing C$0.00 - C$4,122
Commission C$98.26 - C$11,665
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$29,528 - C$52,019
  • Country: Canada
  • Currency: CAD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 956
Hourly Data C$0C$44
Hourly Rate C$12.68 - C$22.57
Overtime C$7.75 - C$44.50
Annual Data C$0C$52K
Bonus C$196 - C$5,087
Commission C$98.26 - C$11,665
Profit Sharing C$0.00 - C$4,122
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$29,528 - C$52,019
  • Country: United States
  • Currency: CAD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 262

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.

Popular Employer Salaries for Insurance Broker

Insurance Broker Job Listings

Pay Difference by Location

National Average: C$38,333

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
72 %
Male
28 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 200 votes.
Less than 1 year
7%
1-4 years
75%
5-9 years
18%

Skills That Affect Insurance Broker Salaries

Risk Management / Risk Control
▲9%

Account Sales
▲7%

Commercial
▲6%

Computer Service
▲2%



▼0%

National Average
C$38,000


Inside Sales
▼2%

▼3%

Software Knowledge
▼4%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 200 votes.

Gender

Female
72 %
Male
28 %

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 71%
vision benefits
Vision: 50%
no benefits
None: 19%