An Insurance Broker earns an average salary of £25,867 per year. Experience has a moderate effect on pay for this job. A skill in Negotiation is associated with high pay for this job. Most people move on to other jobs if they have more than 20 years' experience in this career.

£16,181 - £50,810
£16K
£26K
£51K
MEDIAN: £25,559
10%
50%
90%
£5.90 - £8.50
£7
MEDIAN: £7.20
50%
£0£53K
Salary £16,181 - £50,810
Bonus £308 - £10,186
Profit Sharing £625
Commission £298 - £12,080
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).
)
£16,553 - £53,470
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 18 Nov 2017
  • Individuals Reporting: 308
Hourly Data £0£12
Hourly Rate £7.20
Overtime £12.14
Annual Data £0£53K
Bonus £308 - £10,186
Commission £298 - £12,080
Profit Sharing £625
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).
)
£16,553 - £53,470
  • Country: United States
  • Currency: GBP
  • Updated: 18 Nov 2017
  • Individuals Reporting: 7

Common Career Paths for Insurance Broker


Add this chart to your site:   640px 640px    300px 300px

Insurance Broker Job Listings

Popular Employer Salaries for Insurance Broker

Popular Skills for Insurance Broker

Pay by Experience Level for Insurance Broker

Pay by Experience for an Insurance Broker has a positive trend. An entry-level Insurance Broker with less than 5 years of experience can expect to earn an average total compensation of ₤25,000 based on 180 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of ₤28,000 based on 105 salaries. An experienced Insurance Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤32,000 based on 72 salaries. An Insurance Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of ₤37,000 based on 35 salaries.

Pay Difference by Location

National Average: £26,086

Larger city markers indicate a job is popular in that location.

Insurance Broker Reviews

Q: What is it like working as an Insurance Broker?

Insurance Broker in Chelmsford:
"Hard, exciting, stressful, target driven."
Pros: Closing a deal.
Cons: Salary.

Insurance Broker in London:
"Interesting, Challenging, Fun, Sociable."
Pros: It's a fun working environment for a young professional. Regular contact with similarly minded people. Very sociable within Lloyd's market.
Cons: Can be stressful, with occasional long hours in order to meet deadlines.

Related Job Salaries

Key Stats for Insurance Broker

Gender

Female
45 %
Male
55 %
Less than 1 year
3%
1-4 years
42%
5-9 years
24%
10-19 years
18%
20 years or more
12%

Experience Affects Insurance Broker Salaries

Late-Career
▲40%

▲24%

▲9%

National Average
₤26,000

▼4%

Skills That Affect Insurance Broker Salaries

Negotiation
▲53%

▲4%

Customer Relationship Management (CRM)
▲4%

▼0%

National Average
₤26,000

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
3%
1-4 years
42%
5-9 years
24%
10-19 years
18%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 46%
dental benefits
Dental: 10%
vision benefits
Vision: 13%
no benefits
None: 51%