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Average Insurance Broker Salary in Toronto, Ontario

C$47,715
Avg. SalaryShow Hourly Rate
C$2,650
Bonus
C$708
Commission
C$5,000
Profit Sharing
What am I worth?
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How should I pay?
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The average salary for an Insurance Broker in Toronto, Ontario is C$47,715.
10%
CA$38k
MEDIAN
CA$48k
90%
CA$84k
Is Insurance Broker your job title? Find out what you should be paid
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Salary
C$38k - C$84k
Bonus
C$850 - C$18k
Profit Sharing
C$750 - C$10k
Commission
C$403 - C$22k
Total Pay
C$39k - C$89k
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What Do Insurance Brokers Do?

The top respondents for the job title Insurance Broker are from the companies Marsh Canada Limited, Canada Brokerlink Inc. and Hub International, Inc.. Reported salaries are highest at Hub International, Inc. where the average pay is C$60,173. Other companies that offer high salaries for this role include TD Insurance, earning around C$48,158. Canada Brokerlink Inc. pays the lowest at around C$42,996. Marsh & Mclennan Companies Inc also pays on the lower end of the scale, paying 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
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Insurance Broker Job Listings

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What Are Popular Skills for Insurance Brokers?

Skills in Insurance and Commercial are correlated to pay that is above average. Skills that pay less than market rate include Customer Relations, Sales and Customer Service.

What is the Pay by Experience Level for Insurance Brokers?

An early career Insurance Broker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of C$45,804 based on 59 salaries. A mid-career Insurance Broker with 5-9 years of experience earns an average total compensation of C$45,349 based on 41 salaries. An experienced Insurance Broker with 10-19 years of experience earns an average total compensation of C$52,067 based on 37 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$54,628.
Employees with Insurance Broker in their job title in Calgary, Alberta earn an average of 9.7% more than the national average. These job titles also find higher than average salaries in Edmonton, Alberta (4.6% more) and Montréal, Québec (3.6% more). The lowest salaries can be found in Winnipeg, Manitoba (14.4% less), Vancouver, British Columbia (6.2% less) and Regina, Saskatchewan (4.9% less).

Years of Experience

This data is based on 160 survey responses.
Early Career
36.9%
Mid Career
25.6%
Experienced
23.1%
Late Career
14.4%

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