What is the highest and lowest pay for Insurance Broker?
As of December 01, 2024, the average annual pay of Insurance Broker in SD is $84,494. While Salary.com is seeing that the highest pay for Insurance Broker in South Dakota can go up to $120,319 and the lowest down to $62,617, but most earn between $73,043 and $103,246. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Broker in the United States.
View Insurance Broker Salary by Hour, Week, Month, Year
Salary.com provides you with accurate and diversified Insurance Broker salary data based on specialized databases to help you get a fairer salary.
Click the switch button below to see more details about Insurance Broker hourly pay, weekly pay, monthly pay and so on.
Last Updated on December 01, 2024
|
Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
75th Percentile |
$114,846 |
$9,570 |
$2,209 |
$55 |
Average |
$93,987 |
$7,832 |
$1,807 |
$45 |
25th Percentile |
$81,249 |
$6,771 |
$1,562 |
$39 |
Last Updated on December 01, 2024
View Insurance Broker Salary by Experience Levels
An entry-level Insurance Broker with under 1 year experience makes about $80,345.
With less than 2 years of experience, a mid-level Insurance Broker makes around $80,685.
After 2-4 years, the Insurance Broker pay rises to about $85,480.
Those senior Insurance Broker with 5-8 years of experience earn roughly $93,280, and those Insurance Broker having 8 years or more experience are expected to earn about $93,837 on average.
Levels |
Salary |
Entry Level Insurance Broker
|
$80,345
|
Intermediate Level Insurance Broker
|
$80,685
|
Senior Level Insurance Broker
|
$85,480
|
Specialist Level Insurance Broker
|
$93,280
|
Expert Level Insurance Broker
|
$93,837
|
$80,345
0 yr
$80,685
< 2 yrs
$85,480
2-4 yrs
$93,280
5-8 yrs
$93,837
> 8 yrs
Last Updated on December 01, 2024
Entry Level
|
15%
|
Mid Level
|
14%
|
Senior Level
|
9%
|
Top Level
|
1%
|
Experienced
|
0%
|
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Last Updated on December 01, 2024
View Insurance Broker Pay Difference by Location
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
|
$117,484 |
|
Washington, DC
|
$104,607 |
|
Miami, FL
|
$90,697 |
|
Chicago, IL
|
$98,592 |
|
Boston, MA
|
$105,359 |
|
New York, NY
|
$109,777 |
|