An Insurance Producer earns an average salary of C$44,494 per year.

C$29,731 - C$72,500
C$30K
C$45K
C$72K
MEDIAN: C$44,768
10%
50%
90%
C$0C$81K
Salary C$29,731 - C$72,500
Bonus C$0.00 - C$24,240
Profit Sharing C$2,000
Commission C$8,000
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$33,499 - C$81,094
  • Country: Canada
  • Currency: CAD
  • Updated: 20 Jan 2018
  • Individuals Reporting: 44

Job Description for Insurance Producer

Insurance producers are licensed and trained in sales and customer service, and they are responsible for selling insurance and insurance-related products to prospective clients. Additionally, insurance producers must ensure that the policies they offer comply with all insurance regulations, maintain a knowledge of all commercially available products and monitor all clients' insurance policies to be sure that the highest level of service is provided. Insurance producers must also maintain excellent relationships with current clients, which may help secure new client referrals; this includes resolving any client issues and claims quickly and efficiently.

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Insurance Producer Tasks

  • Sell insurance policies to businesses or individuals.
  • Utilize referrals, phone calls, mailings, and other forms of advertising to generate new customers.
  • Process the paperwork to enroll customers in policies and calculate premiums.
  • Explain insurance policies to customers and help them customize policies to fit their needs.

Insurance Producer Pay By Employer

$0$85K

$26,531

Allstate
55 profiles
$28,777

$28,849

$30,012

$26,510

$45,000

Insurance Producer Job Listings

Pay by Experience Level for Insurance Producer

Pay by Experience for an Insurance Producer has a positive trend. An entry-level Insurance Producer with less than 5 years of experience can expect to earn an average total compensation of C$52,000 based on 8 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Producer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$51,000 based on 12 salaries. An experienced Insurance Producer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$52,000 based on 10 salaries. An Insurance Producer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$62,000 based on 5 salaries.

Key Stats for Insurance Producer

Gender

Female
72 %
Male
28 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
1-4 years
28%
5-9 years
28%
10-19 years
23%
20 years or more
21%

Experience Affects Insurance Producer Salaries

Late-Career
▲25%

Experienced
▲5%

Entry-Level
▲4%

Mid-Career
▲3%

National Average
C$50,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

1-4 years
28%
5-9 years
28%
10-19 years
23%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 90%
vision benefits
Vision: 59%
no benefits
None: 10%