How much does an Insurance Broker make in Idaho? The average Insurance Broker salary in Idaho is $85,453 as of February 26, 2024, but the range typically falls between $73,861 and $104,412. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

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Insurance Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Broker Salary $63,308 ID February 26, 2024
25th Percentile Insurance Broker Salary $73,861 ID February 26, 2024
50th Percentile Insurance Broker Salary $85,453 ID February 26, 2024
75th Percentile Insurance Broker Salary $104,412 ID February 26, 2024
90th Percentile Insurance Broker Salary $121,673 ID February 26, 2024
25% $73,861 10% $63,308 90% $121,673 75% $104,412 $85,453 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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Job Openings for Insurance Broker in Idaho

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Location Avg. Salary Date Updated
Location Aberdeen, ID Avg. Salary $78,599 Date Updated February 26, 2024
Location Ahsahka, ID Avg. Salary $89,865 Date Updated February 26, 2024
Location Albion, ID Avg. Salary $78,507 Date Updated February 26, 2024
Location Almo, ID Avg. Salary $78,507 Date Updated February 26, 2024
Location American Falls, ID Avg. Salary $78,599 Date Updated February 26, 2024
Location Arbon, ID Avg. Salary $78,599 Date Updated February 26, 2024
Location Arco, ID Avg. Salary $80,443 Date Updated February 26, 2024
Location Arimo, ID Avg. Salary $78,599 Date Updated February 26, 2024
Location Ashton, ID Avg. Salary $93,114 Date Updated February 26, 2024
Location Athol, ID Avg. Salary $89,865 Date Updated February 26, 2024

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.

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Jobs with a similar salary range to Insurance Broker : Licensed Insurance Agent, Insurance Salesperson, Life Insurance Producer

Insurance Broker Salary in Idaho
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