Average Insurance Broker Salary in Toronto, Ontario

C$47,237
Avg. SalaryShow Hourly Rate
C$2,300
Bonus
C$680
Commission
C$2,750
Profit Sharing
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The average salary for an Insurance Broker in Toronto, Ontario is C$47,237.
10%
C$38k
10%
C$47k
50%
C$76k
90%
90%
MEDIAN C$47,237
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United States (change)
Salary
C$38k - C$76k
Bonus
C$776 - C$15k
Profit Sharing
C$254 - C$10k
Commission
C$275 - C$4k
Total Pay
C$39k - C$80k

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.

Popular Employer Salaries for Insurance Broker

The top respondents for the job title Insurance Broker are from the companies Marsh Canada Limited, TD Insurance and Marsh & Mclennan Companies Inc. Reported salaries are highest at TD Insurance where the average pay is C$48,158. Marsh & Mclennan Companies Inc pays the lowest at around C$43,563.

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
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 early career Insurance Broker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of C$44,521 based on 67 salaries. A mid-career Insurance Broker with 5-9 years of experience earns an average total compensation of C$46,228 based on 48 salaries. An experienced Insurance Broker with 10-19 years of experience earns an average total compensation of C$51,555 based on 41 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$54,226.
Employees with Insurance Broker in their job title in Calgary, Alberta earn an average of 10.9% more than the national average. These job titles also find higher than average salaries in Ottawa, Ontario (5.5% more) and Edmonton, Alberta (5.1% more). The lowest salaries can be found in Winnipeg, Manitoba (14.9% less), London, Ontario (14.5% less) and Vancouver, British Columbia (1.8% less).

Years of Experience

This data is based on 178 survey responses.
Early Career
37.6%
Mid Career
27.0%
Experienced
23.0%
Late Career
12.4%

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