Average Entry-Level Insurance Broker Salary

$48,090
Avg. SalaryShow Hourly Rate
$4,750
Bonus
$6,104
Commission
$3,000
Profit Sharing
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The average salary for an Entry-Level Insurance Broker is $48,090.
10%
$30k
10%
$48k
50%
$69k
90%
90%
MEDIAN $48,090
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United States (change)
Salary
$30k - $69k
Bonus
$302 - $10k
Profit Sharing
$0 - $3k
Commission
$515 - $19k
Total Pay
$25k - $68k

Your Market Worth Over Time

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Job Description for Insurance Broker

Insurance Broker Tasks
  • May refer clients to independent brokers, work as independent broker, or be employed by an insurance company.
  • Sell life, property, casualty, health, automotive, or other types of insurance.

Career Paths

Explore the most common career paths for Insurance Broker. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Insurance Broker
Insurance Agent
Account Manager
Insurance Sales Agent
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Insurance Broker Job Listings

Popular Skills for Insurance Broker

Skills in Account Management and Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include Sales, Customer Service and Insurance.

Pay by Experience Level for Insurance Broker

An early career Insurance Broker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $53,772 based on 490 salaries. A mid-career Insurance Broker with 5-9 years of experience earns an average total compensation of $64,686 based on 306 salaries. An experienced Insurance Broker with 10-19 years of experience earns an average total compensation of $73,303 based on 351 salaries. In their late career (20 years and higher), employees earn an average total compensation of $88,116.

Years of Experience

This data is based on 1,382 survey responses.
Early Career
35.5%
Mid Career
22.1%
Experienced
25.4%
Late Career
17.0%