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Insurance Broker III Salary in the United States

How much does an Insurance Broker III make in the United States?

As of September 01, 2026, the average salary for an Insurance Broker III in the United States is $86,599 per year, which breaks down to an hourly rate of $42.

However, an Insurance Broker III's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $109,316
  • Majority Range (25th-75th percentile): $77,015 to $98,490
  • Entry-Level (10th percentile): $68,289
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Insurance Broker III Salaries

An Insurance Broker III'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 Insurance Broker III Salaries?

Experience is a primary driver of an Insurance Broker III'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): $77,990
  • Insurance Broker III (4-7 years): $86,599
  • Insurance Senior Broker (7-10 years): $153,218
  • Insurance Managing Broker (10+ years): $207,398
  • Insurance Broker Executive (10+ years): $226,682
Job Role Years of Experience Average Salary
Insurance Broker Trainee2-4 years$77,990
Insurance Broker III4-7 years$86,599
Insurance Senior Broker7-10 years$153,218
Insurance Managing Broker10+ years$207,398
Insurance Broker Executive10+ years$226,682
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How Do Insurance Broker III 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 Insurance Broker IIIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $95,882.
  • California: $95,519.
  • Massachusetts: $94,246.

Top Paying Cities for Insurance Broker IIIs

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: $109,227
  • San Francisco: $108,031
  • Oakland: $105,755

What Skills Can Increase an Insurance Broker III's Salary?

Demanded Skills for the Role:

  • Presentation (Mentioned in 6.24% 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.
  • Prospecting (Mentioned in 2.75% Job Postings): Prospecting is the first stage of the geological analysis (second – exploration) of a territory. It is the physical search for minerals, fossils, precious metals or mineral specimens, and is also known as fossicking. Prospecting is a small-scale form of mineral exploration which is an organised, large scale effort undertaken by commercial mineral companies to find commercially viable ore deposits. Prospecting is physical labour, involving traversing (traditionally on foot or on horseback), panning, sifting and outcrop investigation, looking for signs of mineralisation. In some areas a prospector must also make claims, meaning they must erect posts with the appropriate placards on all four corners of a desired land they wish to prospect and register this claim before they may take samples. In other areas publicly held lands are open to prospecting without staking a mining claim.
  • Work Ethic (Mentioned in 2.01% Job Postings): A belief that work and diligence have a moral benefit and an inherent ability, virtue or value to strengthen character and individual abilities. A set of values centered on importance of work and manifested by determination or desire to work hard.
Skills Demand Percentage
Presentation 6.24%
Prospecting 2.75%
Work Ethic 2.01%
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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 an Insurance Broker III's salary.

  • Customer Relationship: Can increase your salary by up to 7%.
  • Telemarketing: Can increase your salary by up to 7%.
  • Product Marketing: Can increase your salary by up to 7%.
Skill Salary Salary % Increase
Customer Relationship $92,661
7%
Telemarketing $92,661
7%
Product Marketing $92,661
7%
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Insurance Broker III Salary by Company Size: Startups vs. Enterprise

Insurance Broker III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $94,589. While startup companies pay approximate $79,915.

Insurance Broker III Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $79,915
Growth Stage 51~500 $84,569
Established 501~5000 $91,293
Enterprise 5000+ $94,589

Insurance Broker III Salary by Industry: Top Paying Sectors

For Insurance Broker III roles, the industry you choose can impact your earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 10% above the average. Conversely, Insurance Broker positions in Business Services typically offer lower base pay, as this sector often view Insurance Broker III as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Broker III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Insurance$95,259$46.010%
Financial Services$90,929$44.05%

Insurance Broker III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Broker III'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 September 01, 2026
$77,015
Average $86,599/year
$98,490
$6,418
Average $7,217/month
$8,208
$1,481
Average $1,665/week
$1,894
$37
Average $42/hour
$47
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $98,490 $8,208 $1,894 $47
Average $86,599 $7,217 $1,665 $42
25th Percentile $77,015 $6,418 $1,481 $37

Insurance Broker III Salary Growth & Career Path

Insurance Broker III

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Advancement

For an Insurance Broker III, the most direct path to higher earnings is advancing to the Insurance Broker V role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $153,218 - a projected growth of 77% over your current level.

Most common benefits for Insurance Broker III

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

Common company salaries for Insurance Broker III

Here are companies hiring for Insurance Broker III and their salaries, click below for more details.

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FAQ about Insurance Broker III

1. Where can an Insurance Broker III earn the most?

An Insurance Broker III'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, an Insurance Broker III earns the most in San Jose, CA, where the annual salary of an Insurance Broker III is $109,227.

2. What is the highest pay for Insurance Broker III?

The highest pay for Insurance Broker III is $109,316.

3. What is the lowest pay for Insurance Broker III?

The lowest pay for Insurance Broker III is $68,289.

4. What are the responsibilities of Insurance Broker III?

Acts as an intermediary between clients and insurance carriers to identify, recommend, and secure insurance coverage that meets clients' risk management needs. Assesses clients' personal or commercial insurance requirements by analyzing their financial situation, assets, liabilities, and exposure to risk. Researches and compares policies from multiple insurance providers to obtain competitive quotes and present coverage options tailored to client needs. Negotiates terms, premiums, and conditions with underwriters and carriers on behalf of clients to secure favorable policy arrangements. Manages the end-to-end placement process, including application preparation, policy binding, renewals, endorsements, and claims advocacy. Maintains ongoing client relationships by providing advisory support, conducting periodic policy reviews, and identifying coverage gaps or opportunities for improvement. Requires a bachelor's degree. Requires NIPR State Licensure. Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience.

5. What industry pays the highest salary for Insurance Broker III?

The Insurance industry offers the highest average compensation for Insurance Broker III roles, with salaries approximately 10% 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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