Average Insurance Broker Salary in South Africa

R258,591
Avg. Base Salary (ZAR)
10%
ZAR 61k
MEDIAN
ZAR 259k
90%
ZAR 597k

The average salary for an Insurance Broker is R258,591 in 2025

Base Salary
R61k - R597k
Bonus
R5k - R78k
Profit Sharing
R0 - R14k
Commission
R24k - R489k
Total Pay
R98k - R635k
Is Average Insurance Broker Salary in South Africa your job title? Find out what you should be paid
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FAQs About Insurance Brokers

What is the highest pay for Insurance Brokers?

Our data indicates that the highest pay for an Insurance Broker is ZAR 597k / year

What is the lowest pay for Insurance Brokers?

Our data indicates that the lowest pay for an Insurance Broker is ZAR 61k / year

How can Insurance Brokers increase their salary?

Increasing your pay as an Insurance Broker is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Insurance Broker that oversees more junior Insurance Brokers, this experience can increase the likelihood to earn more.