Insurance Producer in Chicago, Illinois Salary

How much does an Insurance Producer make in Chicago, IL? An Insurance Producer in Chicago earns an average of $45,077 per year. This is 24% above the national average for an Insurance Producer which is $34,167 annually. Salaries for an Insurance Producer in Chicago range from $26,859 annually to $73,974 per year. Total Annual Pay, which includes salary, bonus, and commission for an Insurance Producer in Chicago ranges from $27,880 to $71,865 annually. Among those reporting, there is an average job satisfaction rating of 4 out of 5 stars. In Chicago, women make up the majority of the workforce (88 percent). In Chicago, an Insurance Producer often enjoys medical and dental benefits provided by their employer.

$26,859 - $73,974
$27K
$45K
$74K
MEDIAN: $45,077
10%
50%
90%

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$15.55 - $18.88
$16
MEDIAN: $16.13
50%

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$0$73K
Salary $26,859 - $73,974
Bonus $-0.50 - $19,866
Commission $12,500
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,880 - $71,865
  • Country: United States
  • Currency: USD
  • Updated: 22 Nov 2017
  • Individuals Reporting: 18
Hourly Data $0$18
Hourly Rate $16.13
Annual Data $0$71K
Bonus $-0.50 - $19,866
Commission $12,500
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,880 - $71,865
  • Country: United States
  • Currency: USD
  • Updated: 22 Nov 2017
  • Individuals Reporting: 7

Job Description for Insurance Producer

Insurance producers are licensed and trained in sales and customer service, and they are responsible for selling insurance and insurance-related products to prospective clients. Additionally, insurance producers must ensure that the policies they offer comply with all insurance regulations, maintain a knowledge of all commercially available products and monitor all clients' insurance policies to be sure that the highest level of service is provided. Insurance producers must also maintain excellent relationships with current clients, which may help secure new client referrals; this includes resolving any client issues and claims quickly and efficiently.

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Insurance Producer Tasks

  • Sell insurance policies to businesses or individuals.
  • Utilize referrals, phone calls, mailings, and other forms of advertising to generate new customers.
  • Process the paperwork to enroll customers in policies and calculate premiums.
  • Explain insurance policies to customers and help them customize policies to fit their needs.

About Chicago, Illinois

Cook County, Illinois
2,720,556
Male:
1,320,015 (48.5%)
Female:
1,400,541 (51.5%)
Chicago (/ʃᵻˈkɑːɡoʊ/ or /ʃᵻˈkɔːɡoʊ/), officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois and the Midwestern United States, and the county seat of Cook County. The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest in the U.S. Chicago was incorporated as a city in 1837, near a portage between the Great Lakes and the Mississippi River watershed, and grew rapidly in the mid-nineteenth century. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation: O'Hare International Airport is the second-busiest airport in the world when measured by aircraft traffic; the region also has the largest number of U.S. highways and rail road freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research...
Chicago:
$50,702
Illinois:
$59,588
$985
Chicago:
$238,500
Illinois:
$180,300
6.3%

Insurance Producer Job Listings

Key Stats for Insurance Producer

Gender

Female
88 %
Male
13 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.
1-4 years
52%
5-9 years
12%
10-19 years
24%
20 years or more
12%

Skills That Affect Insurance Producer Salaries

National Average
$44,000

Customer Service
▼7%

Sales
▼7%

Insurance
▼11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.

Gender

Female
88 %
Male
13 %

Years of Experience

1-4 years
52%
5-9 years
12%
10-19 years
24%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 57%
vision benefits
Vision: 43%
no benefits
None: 24%