Insurance Agent Salary

The average salary for an Insurance Agent is $37,027 per year.

$24,294 - $62,035
$24K
$38K
$62K
MEDIAN: $37,501
10%
50%
90%

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$10.13 - $20.29
$10
$14
$20
MEDIAN: $14.49
10%
50%
90%

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$0$62K
Salary $24,294 - $62,035
Bonus $260.73 - $11,964
Profit Sharing $0.00 - $7,933
Commission $512 - $23,584
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).
)
$23,905 - $60,782
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2017
  • Individuals Reporting: 2,003
Hourly Data $0$30
Hourly Rate $10.13 - $20.29
Overtime $15.16 - $30.77
Annual Data $0$60K
Bonus $260.73 - $11,964
Commission $512 - $23,584
Profit Sharing $0.00 - $7,933
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).
)
$23,905 - $60,782
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2017
  • Individuals Reporting: 1,291

Job Description for Insurance Agent

Insurance is a general term for a type of prepaid policy that provides a policy holder with a financial benefit in case of calamity. Common kinds of policies include auto insurance, health insurance, life insurance, long-term disability coverage, and property/renter's insurance. An insurance agent typically sells one or more type of policy from an office environment such as an agency, brokerage firm, or insurance company. Insurance agents who work for a brokerage firm will likely sell policies from several different insurance companies, while those hired by an insurance company serve as salespeople for their company's products.

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Insurance Agent 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.

Common Career Paths for Insurance Agent


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Insurance Agent Job Listings

Popular Employer Salaries for Insurance Agent

Popular Skills for Insurance Agent

Pay by Experience Level for Insurance Agent

Pay by Experience for an Insurance Agent has a positive trend. An entry-level Insurance Agent with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 1,834 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Agent with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $38,000 based on 700 salaries. An experienced Insurance Agent which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 732 salaries. An Insurance Agent with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $44,000 based on 390 salaries.

Pay Difference by Location

National Average: $36,371

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

Insurance Agent Reviews

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

Insurance Agent in Houston:
Pros: CUSTOMER SERVICE HAS ALWAYS BEEN MY STRONG SIDE SO DEALING WITH PEOPLE IS EASY FOR ME.
Cons: THE PAY RATES.

Insurance Agent in Seneca Falls:
"2015."
Pros: I like the challenges.
Cons: Telling people bad news.

Insurance Agent in Chambersburg:
"Laid back culture, front line sales, secure job outlook."
Pros:
Cons:

Insurance Agent in Phoenix:
"New Insurance Agent."
Pros: I enjoy helping people find the best coverage for their individual needs.
Cons: I do not like the drama in the office by my coworkers. They like to complain a lot and take the easy way out whenever they can. I do not like being micromanaged either.

Related Job Salaries

Key Stats for Insurance Agent

Gender

Female
73 %
Male
27 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 592 votes.
Less than 1 year
9%
1-4 years
43%
5-9 years
16%
10-19 years
21%
20 years or more
13%

Experience Affects Insurance Agent Salaries

▲20%

▲13%

▲6%

National Average
$36,000

▼13%

Skills That Affect Insurance Agent Salaries



Social Media Marketing
▲4%

Account Management
▲4%

Microsoft Excel
▲2%

▼0%

National Average
$36,000

▼1%


Sales
▼2%




Bilingual
▼10%

Problem Solving
▼11%

Spanish Language
▼11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 592 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
9%
1-4 years
43%
5-9 years
16%
10-19 years
21%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 46%
dental benefits
Dental: 31%
vision benefits
Vision: 26%
no benefits
None: 52%