How much does an Insurance Broker make in Elkhart, IN? The average Insurance Broker salary in Elkhart, IN is $87,748 as of February 26, 2024, but the range typically falls between $75,845 and $107,216. 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. 

500+ Insurance Broker job openings Go >
Insurance Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Broker Salary $65,009 Elkhart,IN February 26, 2024
25th Percentile Insurance Broker Salary $75,845 Elkhart,IN February 26, 2024
50th Percentile Insurance Broker Salary $87,748 Elkhart,IN February 26, 2024
75th Percentile Insurance Broker Salary $107,216 Elkhart,IN February 26, 2024
90th Percentile Insurance Broker Salary $124,941 Elkhart,IN February 26, 2024
25% $75,845 10% $65,009 90% $124,941 75% $107,216 $87,748 50%(Median) Didn’t find job title? Click
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What skills does an Insurance Broker need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Presentation: 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.

2.

Cold Calling: 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.

3.

Telemarketing: Telemarketing (sometimes known as inside sales, or telesales in the UK and Ireland) is a method of direct marketing in which a salesperson solicits prospective customers to buy products or services, either over the phone or through a subsequent face to face or Web conferencing appointment scheduled during the call. Telemarketing can also include recorded sales pitches programmed to be played over the phone via automatic dialing. Telemarketing is defined as contacting, qualifying, and canvassing prospective customers using telecommunications devices such as telephone, fax, and internet. It does not include direct mail marketing.

Presentation 5.06%
Cold Calling 2.62%
Telemarketing 1.7%
Others 90.62%

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 2024 Salary.com)... View full job description

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See user submitted job responsibilities for Insurance Broker.

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Job Openings for Insurance Broker in Elkhart, IN

Career Path for Insurance Broker

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Insurance Broker, the upper level is Insurance Senior Broker and then progresses to Insurance Managing Broker.

Those that have already made the climb...
Jason Peterson, Senior Vice President, Chief Financial Officer and Treasurer
EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as sof... More
Fiscal Year Ended in 2022
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Insurance Broker salary varies from city to city. Compared with national average salary of Insurance Broker, the highest Insurance Broker salary is in San Francisco, CA, where the Insurance Broker salary is 25.0% above. The lowest Insurance Broker salary is in Miami, FL, where the Insurance Broker salary is 2.9% lower than national average salary.

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
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

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

Average Base Salary

Core compensation

 
 
 
75845
107216
87748

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
78605
114679
92179
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Broker in Elkhart, IN. The base salary for Insurance Broker ranges from $75,845 to $107,216 with the average base salary of $87,748. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $78,605 to $114,679 with the average total cash compensation of $92,179.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

75845
107216

 

Step 3 of 3

How much should you be paid?

About Elkhart, Indiana    Elkhart /ˈɛlkɑːrt/ is a city in Elkhart County, Indiana, United States. The city is located 15 miles (24 km) east of South Bend, Indiana, 110 miles (1....More

Elkhart, Indiana  area prices were up 1.3% from a year ago    View the Cost of Living in Elkhart, Indiana

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