The average salary for an Insurance Broker in Toronto, Ontario is C$47,715.
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What Do Insurance Brokers Do?
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.
Insurance brokers provide insurance quotes via phone, online, or in-person. They must assess consumers’ individual needs prior to providing quotes and may need to conduct valuations of properties or businesses to be insured. They may also take photographs, obtain inspection reports, and compare cov…Read more
Popular Employer Salaries for Insurance Broker
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.
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
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Branch Manager, Insurance Office
Account Manager, Commercial Lines
Customer Service Representative (CSR)
Somewhat common (8 - 20%)
Insurance Broker Job Listings
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.
Pay Difference by Location
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.
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