The average salary for an Entry-Level Insurance Broker is $48,170.
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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 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.
Insurance Broker Job Listings
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
Years of Experience
This data is based on 1,220 survey responses.