Avg. Base Salary (USD)
The average salary for an Insurance Broker is $49,129
What is the Pay by Experience Level for Insurance Brokers?
An early career Insurance Broker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $56,495 based on 315 salaries. A mid-career Insurance Broker with 5-9 years of experience earns an average total compensation of $70,855 based on 235 salaries. An experienced Insurance …Read more
What Do Insurance Brokers Do?
Insurance brokers often work as agents of large insurance companies or independently; in either case, they work directly with clients and must have necessary licenses in their states of employment.
Insurance brokers provide insurance quotes via phone, online, or in-person. They must assess consumers’ individual needs prior to providing quotes and may need to conduct valuations of properties or businesses to be insured. They may also take photographs, obtain inspection reports, and compare …Read more