The average salary for an Entry-Level Insurance Broker is $48,090.
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$30k - $69k
$302 - $10k
$0 - $3k
$515 - $19k
$25k - $68k
Your Market Worth Over Time
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Job Description for Insurance Broker
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 cov…Read more
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.
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.
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.
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