Average Entry-Level Insurance Broker Salary

$48,170
Avg. SalaryShow Hourly Rate
$3,549
Bonus
$9,826
Commission
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The average salary for an Entry-Level Insurance Broker is $48,170.
10%
$30k
MEDIAN
$48k
90%
$69k
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Salary
$30k - $69k
Bonus
$383 - $10k
Commission
$511 - $20k
Total Pay
$25k - $69k
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What Do Insurance Brokers Do?

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.

Insurance Broker Job Listings

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What Are Popular Skills for Insurance Brokers?

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 Customer Service, Sales and Insurance.

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 $53,447 based on 413 salaries. A mid-career Insurance Broker with 5-9 years of experience earns an average total compensation of $65,963 based on 282 salaries. An experienced Insurance Broker with 10-19 years of experience earns an average total compensation of $76,211 based on 311 salaries. In their late career (20 years and higher), employees earn an average total compensation of $86,342.

Pay Difference by Location

Learn more about cost of living by city.

Years of Experience

This data is based on 1,220 survey responses.
Early Career
33.9%
Mid Career
23.1%
Experienced
25.5%
Late Career
17.5%