Insurance Broker Salary in the US
$67,750
per year
per month
$5,650
per month
per year
Bonus
$8,700/year
Commission
$16,500/year
Bonus
$730/month
Commission
$1,380/month
Insurance Broker - Average Salary
The average salary for or Insurance Broker is $67,750 per year ($5,650 per month), which is $14,260 (+27%) higher than the average salary in the United States.
Or Insurance Broker can expect an average starting salary of $42,550. The highest salaries can exceed $127,500.
Or Insurance Broker can expect an average starting salary of $42,550. The highest salaries can exceed $127,500.
$42,550
Low
$67,750
Average salary
$127,500
High
$3,550
Low
$5,650
Average salary
$10,630
High
Total pay includes salary, bonus and commission.
$1,000 $95,800 $192,500 | ||
| Salary | $42,550 - 127,500 | |
| Bonus | $1,000 - 25,000 | |
| Commission | $1,000 - 40,000 | |
| Total Pay | $44,550 - 192,500 |
$80 $7,990 $16,050 | ||
| Salary | $3,550 - 10,630 | |
| Bonus | $80 - 2,080 | |
| Commission | $80 - 3,340 | |
| Total Pay | $3,710 - 16,050 |
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Insurance Broker Salary Range
Among Insurance Brokers in the U.S., Entry Level Insurance Brokers and Trainee Insurance Brokers have the lowest salaries, while Life Insurance Brokers, Commercial Insurance Brokers and Corporate Insurance Brokers enjoy the highest salaries.
Insurance Broker - Salary Differences
| Job | Salary | Difference |
|---|---|---|
| Corporate Insurance Broker | $79K/year | +16% |
| Commercial Insurance Broker | $77K/year | +13% |
| Life Insurance Broker | $75K/year | +10% |
| Car Insurance Broker | $74K/year | +9% |
| Health Insurance Broker | $73K/year | +7% |
| Entry Level Insurance Broker | $49K/year | -28% |
Insurance Broker - Pay by Experience Level in the United States
An Entry Level Insurance Broker with less than three years of experience can expect to earn an average starting salary of $49,550 per year. A mid level Insurance Broker with 4-9 years of experience earns an average salary of $56,750, while a Senior Insurance Broker with 10-20 years of experience makes on average $77,270. Insurance Brokers with more than 20 years of experience earn $86,450 per year on average.
How Work Experience Affects the Salary of or Insurance Broker
| Late Career | ▲ +28% |
| Senior | ▲ +14% |
| Average Salary | $67,750/year |
| Mid Level | ▼ -16% |
| Entry Level | ▼ -27% |
Insurance Broker - Jobs by Location
Insurance Broker - Related Salaries
The salary information presented on this page is based on all Insurance Broker jobs published on Jobted in the last 12 months and on data from the Bureau of Labor Statistics (BLS.gov).
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Frequently asked questions about the salary of the Insurance Broker
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Insurance Broker Jobs