Average Experienced Insurance Broker Salary in Canada

C$48,855
Avg. SalaryShow Hourly Rate
C$2,047
Bonus
C$3,000
Commission
C$2,750
Profit Sharing
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The average salary for an Experienced Insurance Broker in Canada is C$48,855.
10%
C$38k
10%
C$49k
50%
C$67k
90%
90%
MEDIAN C$48,855
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United States (change)
Salary
C$38k - C$67k
Bonus
C$496 - C$6k
Profit Sharing
C$509 - C$30k
Commission
C$149 - C$12k
Total Pay
C$39k - C$69k

Your Market Worth Over Time

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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.
The top respondents for the job title Insurance Broker are from the companies Canada Brokerlink Inc., Hub International, Inc. and Aon Reed Stenhouse Inc.. Reported salaries are highest at Aon Reed Stenhouse Inc. where the average pay is C$53,500. Other companies that offer high salaries for this role include Marsh Canada Limited and Hub International, Inc., earning around C$52,000 and C$48,539, respectively. The Co-operators pays the lowest at around C$45,000. Canada Brokerlink Inc. and Western Financial Group also pay on the lower end of the scale, paying C$46,409 and C$47,643, respectively.

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. A mid-career Insurance Broker with 5-9 years of experience earns an average total compensation of C$45,270 based on 540 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 Vancouver, British Columbia earn an average of 23.0% more than the national average. These job titles also find higher than average salaries in Edmonton, Alberta (20.3% more) and Calgary, Alberta (16.3% more). The lowest salaries can be found in Winnipeg, Manitoba (7.1% less).

Years of Experience

This data is based on 1,849 survey responses.
Entry Level
4.0%
Early Career
48.9%
Mid Career
29.2%
Late Career
17.9%

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