The average salary for an Insurance Agent is $39,413.
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What Do Insurance Agents Do?
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 policie…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.
Job Satisfaction for Insurance Agent
Popular Employer Salaries for Insurance Agent
The top respondents for the job title Insurance Agent are from the companies State Farm Insurance Company, Allstate and Farmers Insurance Group. Reported salaries are highest at Usaa Insurance where the average pay is $42,187. Other companies that offer high salaries for this role include Farmers Insurance Group and Geico, earning around $40,000 and $39,900, respectively. State Farm Insurance Company pays the lowest at around $33,836. Liberty Mutual Insurance Group and Allstate also pay on the lower end of the scale, paying $34,880 and $36,485, respectively.
Insurance Agent Job Listings
What Are Popular Skills for Insurance Agents?
Skills in Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include Customer Relations, Sales, Customer Service and Insurance.
What is the Pay by Experience Level for Insurance Agents?
An entry-level Insurance Agent with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $34,027 based on 362 salaries. An early career Insurance Agent with 1-4 years of experience earns an average total compensation of $35,314 based on 1,981 salaries. A mid-career Insurance Agent with 5-9 years of experience earns an average total compensation of $39,571 based on 784 salaries. An experienced Insurance Agent with 10-19 years of experience earns an average total compensation of $43,470 based on 1,056 salaries. In their late career (20 years and higher), employees earn an average total compensation of $46,777.
Pay Difference by Location
Employees with Insurance Agent in their job title in Portland, Oregon earn an average of 8.4% more than the national average. These job titles also find higher than average salaries in Miami, Florida (1.3% more). The lowest salaries can be found in Houston, Texas (8.9% less), Atlanta, Georgia (6.2% less) and Tampa, Florida (1.7% less).
Years of Experience
This data is based on 4,848 survey responses.