How much does an Insurance Broker make in the United States? The average Insurance Broker salary in the United States is $87,695 as of September 26, 2022, but the range typically falls between $75,795 and $107,153. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Based on HR-reported data: a national average with a geographic differential
25% $75,795 10% $64,962 90% $124,869 75% $107,153 $87,695 50%(Median)
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Check out Insurance Broker jobs in Virginia

Sales Operations Analyst

Long & Foster Companies - Chantilly, VA

Account Executive - Employee Benefits

Assured Partners - Chantilly, VA

Life Insurance Broker

Family First Life Empowerment - Harrisonburg, VA

Job Description for Insurance Broker

Insurance Broker develops and markets customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Assesses and negotiates quotes from different carriers based on exposure, risk, and financing. Being an Insurance Broker develops recommendations to advises customers on the best options that will meet their needs and to place and retain the business. Requires knowledge of complex insurance products and a variety of lines such as commercial property & casualty, employee benefits, and others. Additionally, Insurance Broker requires a bachelor's degree. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management). Typically reports to a supervisor or manager. The Insurance Broker occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Insurance Broker typically requires 2 -4 years of related experience. (Copyright 2022 Salary.com)... View full job description

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Job Openings for Insurance Broker
Those that have already made the climb...
Robert DeAngelis, President, CEO and CFO
Fiscal Year Ended in 2019
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Step 1 of 3

Understand the total compensation opportunity for an Insurance Broker, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
75795
107153
87695

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
78551
114604
92114
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Broker in the United States. The base salary for Insurance Broker ranges from $75,795 to $107,153 with the average base salary of $87,695. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $78,551 to $114,604 with the average total cash compensation of $92,114.
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75795
107153

 

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Skills associated with Insurance Broker: Requirements Analysis, Insurance Software, Insurance Management, Partner Relationship Management ...More

Salary estimation for Insurance Broker at companies like : EPAM SYSTEMS INC, GROUPON INC, REAC GROUP INC