As of July 01, 2026, the average salary for an Insurance Broker V in the United States is $153,136 per year, which breaks down to an hourly rate of $74.
However, an Insurance Broker V's salary can vary significantly. Here’s a look at the typical salary range:
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An Insurance Broker V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of an Insurance Broker V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Insurance Broker Trainee | 2-4 years | $63,001 |
| Insurance Broker | 4-7 years | $86,584 |
| Insurance Broker V | 7-10 years | $153,136 |
| Insurance Managing Broker | 10+ years | $207,293 |
| Insurance Broker Executive | 10+ years | $249,505 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Broker Vs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Flexibility | 5.66% |
| Financial Literacy | 5.45% |
| Brokerage | 1.62% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Legal Compliance
|
$206,734 |
35%
|
|
Coaching
|
$188,357 |
23%
|
|
Goal Oriented
|
$174,575 |
14%
|
|
Cold Calling
|
$173,044 |
13%
|
|
Negotiating
|
$171,512 |
12%
|
|
Cold Call
|
$166,918 |
9%
|
Insurance Broker V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $167,416. While startup companies pay approximate $141,423.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $141,423 |
| Growth Stage | 51~500 | $149,651 |
| Established | 501~5000 | $161,620 |
| Enterprise | 5000+ | $167,416 |
For Insurance Broker V roles, the industry you choose can impact your earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 10% above the average. Conversely, Insurance Broker positions in Business Services typically offer lower base pay, as this sector often view Insurance Broker V as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $168,450 | $81.0 | 10% |
| Financial Services | $160,793 | $77.0 | 5% |
Understanding how an Insurance Broker V's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026For an Insurance Broker V, the most direct path to higher earnings is advancing to the Insurance Brokerage Director role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $207,293 - a projected growth of 35% over your current level.
Salaries for an Insurance Broker V can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $103,327 in 2023 to around $102,599 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Insurance Broker V salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $103,327 |
| 2024 | $104,146 |
| 2025 | $102,599 |
| 2026 |
View More
|
| 2027 |
View More
|
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An Insurance Broker V's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Insurance Broker V earns the most in San Jose, CA, where the annual salary of an Insurance Broker V is $193,150.
The highest pay for Insurance Broker V is $206,153.
The lowest pay for Insurance Broker V is $109,119.
Acts as an intermediary between clients and insurance carriers to identify, recommend, and secure insurance coverage that meets clients' risk management needs. Assesses clients' personal or commercial insurance requirements by analyzing their financial situation, assets, liabilities, and exposure to risk. Researches and compares policies from multiple insurance providers to obtain competitive quotes and present coverage options tailored to client needs. Negotiates terms, premiums, and conditions with underwriters and carriers on behalf of clients to secure favorable policy arrangements. Manages the end-to-end placement process, including application preparation, policy binding, renewals, endorsements, and claims advocacy. Maintains ongoing client relationships by providing advisory support, conducting periodic policy reviews, and identifying coverage gaps or opportunities for improvement. Requires a bachelor's degree. Requires NIPR State Licensure. Typically reports to a manager. Works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ years of related experience.
The Insurance industry offers the highest average compensation for Insurance Broker V roles, with salaries approximately 10% above the market median.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
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