$38,395
Avg. Salary
$14.65
Avg. Hourly Rate

Average additional compensation:

$2,020

Bonus

$2,044

Profit Sharing

$4,911

Commission

What am I worth?
How should I pay?

The average pay for an Insurance Agent is $14.65 per hour.

The average pay for an Insurance Agent is $38,395 per year.

10%
$10.30
10%
$14.65
50%
$20.28
90%
90%
MEDIAN $14.65
10%
$24k
10%
$38k
50%
$66k
90%
90%
MEDIAN $38,395
$24,378 - $65,872
$24K
$38K
$66K
MEDIAN: $38,395
10%
50%
90%

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$10.30 - $20.28
$10
$15
$20
MEDIAN: $14.65
10%
50%
90%

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$0$65K
Salary $24,378 - $65,872
Bonus $307 - $11,898
Profit Sharing $103 - $9,955
Commission $601 - $30,151
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).
)
$24,300 - $63,160
  • Country: United States
  • Currency: USD
  • Updated: 15 Apr 2019
  • Individuals Reporting: 3,506
Hourly Data $0$32
Hourly Rate $10.30 - $20.28
Overtime $15.27 - $32.46
Annual Data $0$63K
Bonus $307 - $11,898
Commission $601 - $30,151
Profit Sharing $103 - $9,955
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).
)
$24,300 - $63,160
  • Country: United States
  • Currency: USD
  • Updated: 15 Apr 2019
  • Individuals Reporting: 2,230

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.

Read More...
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.

Insurance Agent Pay By Employer

$0$116K

$32,942

Allstate
66 profiles
$35,696

$26,570

Geico
22 profiles
$37,418

Usaa Insurance
19 profiles
$42,883

$38,794

$35,511

$42,500

$48,000

$30,000

Common Career Paths for Insurance Agent


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Insurance Agent Job Listings

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: $36,800

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

Related Job Salaries

Key Stats for Insurance Agent

Gender

Female
74 %
Male
26 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 989 votes.
Less than 1 year
8%
1-4 years
42%
5-9 years
16%
10-19 years
22%
20 years or more
13%

Experience Affects Insurance Agent Salaries

▲19%

▲12%

▲4%

National Average
$37,000

▼14%

Skills That Affect Insurance Agent Salaries



Account Management
▲3%

Social Media Marketing
▲2%

Microsoft Excel
▼0%

National Average
$37,000

▼1%

▼2%


Sales
▼3%




Bilingual
▼11%

Problem Solving
▼12%

Spanish Language
▼12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 989 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
8%
1-4 years
42%
5-9 years
16%
10-19 years
22%
20 years or more
13%

Common Health Benefits

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