How much does an Insurance Broker make in New York? The average Insurance Broker salary in New York is $98,249 as of March 26, 2024, but the range typically falls between $84,922 and $120,054. 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.

Insurance Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Broker Salary $72,789 NY March 26, 2024
25th Percentile Insurance Broker Salary $84,922 NY March 26, 2024
50th Percentile Insurance Broker Salary $98,249 NY March 26, 2024
75th Percentile Insurance Broker Salary $120,054 NY March 26, 2024
90th Percentile Insurance Broker Salary $139,906 NY March 26, 2024
25% $84,922 10% $72,789 90% $139,906 75% $120,054 $98,249 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 New York

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Location Avg. Salary Date Updated
Location Brentwood, NY Avg. Salary $100,922 Date Updated March 26, 2024
Location Clay, NY Avg. Salary $91,613 Date Updated March 26, 2024
Location Henrietta, NY Avg. Salary $90,691 Date Updated March 26, 2024
Location Huntington, NY Avg. Salary $105,069 Date Updated March 26, 2024
Location Levittown, NY Avg. Salary $101,106 Date Updated March 26, 2024
Location Nassau, NY Avg. Salary $101,106 Date Updated March 26, 2024
Location New Suffolk, NY Avg. Salary $99,724 Date Updated March 26, 2024
Location Accord, NY Avg. Salary $98,433 Date Updated March 26, 2024
Location Acra, NY Avg. Salary $93,641 Date Updated March 26, 2024
Location Adams, NY Avg. Salary $91,152 Date Updated March 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 New York
Insurance Broker Salary Graph, Regional Distribution and Summary