As of March 01, 2025, the average annual salary for an Insurance Broker in Massachusetts is $103,008. According to Salary.com, salaries can range from a low of $76,306 to a high of $146,671, with most professionals earning between $89,031 and $125,862.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $115,682 | $9,640 | $2,225 | $56 |
| Average | $94,676 | $7,890 | $1,821 | $46 |
| 25th Percentile | $81,830 | $6,819 | $1,574 | $39 |
An entry-level Insurance Broker with under 1 year experience makes about $97,236. With less than 2 years of experience, a mid-level Insurance Broker makes around $97,647. After 2-4 years, the Insurance Broker pay rises to about $103,451. Those senior Insurance Broker with 5-8 years of experience earn roughly $112,890, and those Insurance Broker having 8 years or more experience are expected to earn about $113,564 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Broker | $97,236 |
| Intermediate Level Insurance Broker | $97,647 |
| Senior Level Insurance Broker | $103,451 |
| Specialist Level Insurance Broker | $112,890 |
| Expert Level Insurance Broker | $113,564 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 9% |
| Top Level | 19% |
| Experienced | 20% |
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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 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $118,345 |
25.0%
|
| Washington, DC | $105,374 |
11.3%
|
| Miami, FL | $91,362 |
|
| Chicago, IL | $99,315 |
4.9%
|
| Boston, MA | $106,132 |
12.1%
|
| New York, NY | $110,582 |
16.8%
|
