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VP of Insurance Brokerage Salary in the United States

How much does a VP of Insurance Brokerage make in the United States?

As of October 01, 2026, the average salary for a VP of Insurance Brokerage in the United States is $226,737 per year, which breaks down to an hourly rate of $109.

However, a VP of Insurance Brokerage's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $275,644
  • Majority Range (25th-75th percentile): $190,306 to $252,337
  • Entry-Level (10th percentile): $157,137
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence VP of Insurance Brokerage Salaries

A VP of Insurance Brokerage's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects VP of Insurance Brokerage Salaries?

Experience is a primary driver of a VP of Insurance Brokerage's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Insurance Broker Trainee (2-4 years): $77,988
  • Insurance Broker (4-7 years): $86,606
  • Insurance Senior Broker (7-10 years): $153,258
  • Insurance Managing Broker (10+ years): $207,449
  • VP of Insurance Brokerage (10+ years): $226,737
Job Role Years of Experience Average Salary
Insurance Broker Trainee2-4 years$77,988
Insurance Broker4-7 years$86,606
Insurance Senior Broker7-10 years$153,258
Insurance Managing Broker10+ years$207,449
VP of Insurance Brokerage10+ years$226,737
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How Do VP of Insurance Brokerage Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract VP of Insurance Brokerages. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $251,043.
  • California: $250,091.
  • Massachusetts: $246,758.

Top Paying Cities for VP of Insurance Brokerages

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $285,983
  • San Francisco: $282,852
  • Oakland: $276,891

What Skills Can Increase a VP of Insurance Brokerage's Salary?

Demanded Skills for the Role:

  • Presentation (Mentioned in 5.44% Job Postings): Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
  • Cold Calling (Mentioned in 3.02% Job Postings): Cold calling is the solicitation of business from potential customers who have had no prior contact with the salesperson conducting the call. It is an attempt to convince potential customers to purchase either the salesperson's product or service. Generally, it is referred as an over-the-phone process, making it a source of telemarketing, but can also be done in-person by door-to-door salespeople. Though cold calling can be used as a legitimate business tool, scammers can use cold calling as well.
  • Insurance Industry (Mentioned in 2.02% Job Postings): The insurance industry comprises companies and people who develop insurance policies, and sell, administrate, and regulate them.
Skills Demand Percentage
Presentation 5.44%
Cold Calling 3.02%
Insurance Industry 2.02%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a VP of Insurance Brokerage's salary.

  • Cold Call: Can increase your salary by up to 21%.
  • Integrity: Can increase your salary by up to 20%.
  • Flexibility: Can increase your salary by up to 19%.
Skill Salary Salary % Increase
Cold Call $274,352
21%
Integrity $272,084
20%
Flexibility $269,817
19%
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VP of Insurance Brokerage Salary by Company Size: Startups vs. Enterprise

VP of Insurance Brokerage salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $247,519. While startup companies pay approximate $209,321.

VP of Insurance Brokerage Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $209,321
Growth Stage 51~500 $221,466
Established 501~5000 $238,883
Enterprise 5000+ $247,519

VP of Insurance Brokerage Salary by Industry: Top Paying Sectors

For VP of Insurance Brokerage roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 20% above the average. Conversely, VP of Insurance Brokerage positions in Business Services typically offer lower base pay, as this sector often view VP of Insurance Brokerage as a support function rather than a direct revenue driver.

The top paying industry for a VP of Insurance Brokerage

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Insurance$272,084$131.020%

VP of Insurance Brokerage Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a VP of Insurance Brokerage's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on October 01, 2026
$190,306
Average $226,737/year
$252,337
$15,859
Average $18,895/month
$21,028
$3,660
Average $4,360/week
$4,853
$91
Average $109/hour
$121
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $252,337 $21,028 $4,853 $121
Average $226,737 $18,895 $4,360 $109
25th Percentile $190,306 $15,859 $3,660 $91

Most common benefits for VP of Insurance Brokerage

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for VP of Insurance Brokerage

Here are companies hiring for VP of Insurance Brokerage and their salaries, click below for more details.

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FAQ about VP of Insurance Brokerage

1. Where can a VP of Insurance Brokerage earn the most?

A VP of Insurance Brokerage's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a VP of Insurance Brokerage earns the most in San Jose, CA, where the annual salary of a VP of Insurance Brokerage is $285,983.

2. What is the highest pay for VP of Insurance Brokerage?

The highest pay for VP of Insurance Brokerage is $275,644.

3. What is the lowest pay for VP of Insurance Brokerage?

The lowest pay for VP of Insurance Brokerage is $157,137.

4. What are the responsibilities of VP of Insurance Brokerage?

Leads the overall vision, strategy, and performance of the insurance brokerage division to drive sustainable revenue growth, profitability, and market leadership. Establishes long-term business plans, financial targets, and operational strategies that align with the organization's enterprise objectives. Oversees all brokerage operations, including sales, placement, client management, carrier relations, and producer development, across multiple regions or business segments. Builds and maintains executive-level relationships with major clients, insurance carrier partners, reinsurers, and industry stakeholders to strengthen market position and access. Drives innovation in brokerage products, technology platforms, and service delivery models to enhance the client experience and operational efficiency. Ensures enterprise-wide compliance with regulatory, ethical, and risk management standards while representing the organization at industry forums and key client engagements. Requires a bachelor's degree. Requires NIPR State Licensure. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.

5. What industry pays the highest salary for VP of Insurance Brokerage?

The Insurance industry offers the highest average compensation for VP of Insurance Brokerage roles, with salaries approximately 20% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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