$36,678
Avg. Salary
$14.24
Avg. Hourly Rate

Average additional compensation:

$3,054

Bonus

$2,071

Profit Sharing

$6,196

Commission

What am I worth?
How should I pay?

The average pay for an Insurance Sales Agent is $14.24 per hour.

The average pay for an Insurance Sales Agent is $36,678 per year.

10%
$10.12
10%
$14.24
50%
$19.23
90%
90%
MEDIAN $14.24
10%
$24k
10%
$37k
50%
$64k
90%
90%
MEDIAN $36,678
$23,524 - $63,757
$24K
$37K
$64K
MEDIAN: $36,678
10%
50%
90%

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$10.12 - $19.23
$10
$14
$19
MEDIAN: $14.24
10%
50%
90%

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$0$63K
Salary $23,524 - $63,757
Bonus $404 - $15,152
Profit Sharing $414 - $10,213
Commission $1,016 - $34,171
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).
)
$23,542 - $63,611
  • Country: United States
  • Currency: USD
  • Updated: 17 Mar 2019
  • Individuals Reporting: 1,968
Hourly Data $0$29
Hourly Rate $10.12 - $19.23
Hourly Tips $2.75
Overtime $14.45 - $29.29
Annual Data $0$63K
Bonus $404 - $15,152
Commission $1,016 - $34,171
Profit Sharing $414 - $10,213
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).
)
$23,542 - $63,611
  • Country: United States
  • Currency: USD
  • Updated: 17 Mar 2019
  • Individuals Reporting: 1,195

Job Description for Insurance Sales Agent

An insurance sales agent is a person who helps individuals choose a policy that most closely fits their needs. The sales agent will typically represent and work for an individual company, but independent agents who represent many smaller insurance entities exist as well. In any event, these sales-oriented employees help to match up individuals with home, car, and life insurance policies that offer acceptable coverage to the consumer and provide a profit to the company. In some cases, the sales agent may also be the first contact when an insured person needs to file a claim.

Read More...
Insurance Sales Agent Tasks
  • Sells products that protect businesses or individuals from financial loss.
  • Maintains relationship with clients, and advises of changes in coverage.
  • Prepares reports, seek out new business, and maintains records.
  • Serves as a first contact with the customer.

Insurance Sales Agent Pay By Employer

$0$144K

$30,234

Allstate
68 profiles
$30,920

$29,844

Geico
21 profiles
$41,672

$42,268

$26,500

$36,000

$49,967

$45,000

$29,942

Common Career Paths for Insurance Sales Agent


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Insurance Sales Agents' salaries may rise greatly for those who assume a higher-end position such as an Insurance Broker. The average Insurance Broker brings home $58K per year. An Insurance Sales Agent may also move into a role as an Insurance Agent or an Insurance Office Branch Manager.

Insurance Sales Agent Job Listings

Popular Skills for Insurance Sales Agent


Survey results imply that Insurance Sales Agents deploy a deep pool of skills on the job. Most notably, facility with Field Sales, Sales Management, and Marketing Communications are correlated to pay that is significantly above average, leading to increases of 42 percent, 7 percent, and 5 percent, respectively. Skills that pay less than market rate include Office Administration, Spanish Language, and Customer Service. For most people, competency in Insurance indicates knowledge of Customer Service.

Pay by Experience Level for Insurance Sales Agent

Pay by Experience for an Insurance Sales Agent has a positive trend. An entry-level Insurance Sales Agent with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 1,175 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Sales Agent with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $38,000 based on 391 salaries. An experienced Insurance Sales Agent which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $42,000 based on 347 salaries. An Insurance Sales Agent with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $46,000 based on 165 salaries.

Pay Difference by Location

National Average: $36,080

Larger city markers indicate a job is popular in that location.

For Insurance Sales Agents, busy New York offers a higher-than-average pay rate, 35 percent above the national average. Insurance Sales Agents will also find cushy salaries in Phoenix (+33 percent), Los Angeles (+19 percent), Charlotte (+13 percent), and Indianapolis (+11 percent). Place of residence plays a huge part in an Insurance Sales Agent's salary, with Corpus Christi Insurance Sales Agents earning salaries that are 20 percent less than the national average. Orlando and Atlanta are a couple other places where companies are known to pay below the median — salaries tend to be 7 percent less than the median.

Insurance Sales Agent Reviews

Q: What is it like working as an Insurance Sales Agent?

Insurance Sales Agent in Little Rock:
"Cost of Living."
Pros: Little Rock is a city that is not too big or small. I live in North Little Rock and the commute is great. Several things to do in downtown LR and NLR.
Cons: Would be nice to have more job opportunities for the insurance field and web development field.

Insurance Sales Agent in Fort Lauderdale:
"Know your products."
Don't be afraid to learn new things everyday and use them.

Insurance Sales Agent in Albany:
"Always had to lead."
Have a good attitude.

Insurance Sales Agent in Raleigh:
"Captive employee."
Love the hunt.

Insurance Sales Agent in Gainesville:
You will enjoy this career if you take pride in helping people out.

Insurance Sales Agent in Fayetteville:
"Very busy."
Pros: Selling & helping customers understand insurance needs.
Cons: Salary.

Insurance Sales Agent in Reno:
"NOT TO BE TO TRUSTING WITH AGENCY OWNER."
GET EVERYTHING IN WRITING, SIGNED BY ALL PARTIES AND NO MATTER WHAT, NEVER SIGN A NON-COMPETE AGREEMENT. I used to be proud of helping people/clients with their insurance needs because there were a lot of choices to help those clients and now with the Affordable Care Act I am just trying to find any kind of coverage that might be affordable and it doesn't work out so well with the folks that don't qualify for the "Government/Taxpayers" subsidy.

Related Job Salaries

Key Stats for Insurance Sales Agent

Gender

Female
67 %
Male
33 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 459 votes.
Less than 1 year
13%
1-4 years
45%
5-9 years
16%
10-19 years
17%
20 years or more
10%

Experience Affects Insurance Sales Agent Salaries

▲29%

▲17%

▲6%

National Average
$36,000

▼11%

Skills That Affect Insurance Sales Agent Salaries

▲40%


▲3%



▲1%

National Average
$36,000

Sales
▼2%

Insurance
▼3%

▼3%

Customer Relationship Management (CRM)
▼3%






Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 459 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
13%
1-4 years
45%
5-9 years
16%
10-19 years
17%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 44%
dental benefits
Dental: 31%
vision benefits
Vision: 27%
no benefits
None: 54%