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Insurance Managing Broker Salary in the United States

How much does an Insurance Managing Broker make in the United States?

As of May 01, 2026, the average salary for an Insurance Managing Broker in the United States is $207,188 per year, which breaks down to an hourly rate of $100.

However, an Insurance Managing Broker's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $271,133
  • Majority Range (25th-75th percentile): $185,240 to $240,659
  • Entry-Level (10th percentile): $165,257
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View as table View as graph 25% $185,240 10% $165,257 90% $271,133 75% $240,659 $207,188 50%(Median) Didn’t find job title? Click

Insurance Managing Broker Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $240,659 $20,055 $4,628 $116
Average $207,188 $17,266 $3,984 $100
25th Percentile $185,240 $15,437 $3,562 $89
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Key Factors That Influence Insurance Managing Broker Salaries

An Insurance Managing Broker'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.

How Experience Level Affects Insurance Managing Broker Salaries?

Experience is a primary driver of an Insurance Managing Broker'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:

  • Insurance Broker Trainee (0-2 years): $63,009
  • Insurance Broker (2-4 years): $86,570
  • Insurance Senior Broker (4-7 years): $153,054
  • Insurance Managing Broker (7+ years): $207,188
  • Insurance Broker Executive (7+ years): $249,373
Job Role Years of Experience Average Salary
Insurance Broker Trainee0-2 years$63,009
Insurance Broker2-4 years$86,570
Insurance Senior Broker4-7 years$153,054
Insurance Managing Broker7+ years$207,188
Insurance Broker Executive7+ years$249,373
$63,009 Insurance...
$86,570 Insurance...
$153,054 Insurance...
$207,188 Insurance...
$249,373 Insurance...
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What Am I Worth?

Top Paying Cities for Insurance Managing Brokers

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $261,326
  • San Francisco: $258,465
  • Oakland: $253,018

What Skills Can Increase an Insurance Managing Broker's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 5.44% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • Insurance Products (Mentioned in 3.6% Job Postings): Insurance Products means any of the insurance coverage underwritten in whole or in part by the Company or any of its Subsidiaries.
  • Financial Planning (Mentioned in 1.88% Job Postings): In general usage, a financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans. This often includes a budget which organizes an individual's finances and sometimes includes a series of steps or specific goals for spending and saving in the future. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan is sometimes referred to as an investment plan, but in personal finance a financial plan can focus on other specific areas such as risk management, estates, college, or retirement.
See More Skills
Skills Demand Percentage
Customer Service 5.44%
Insurance Products 3.6%
Financial Planning 1.88%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on an Insurance Managing Broker's salary.
  • Sense Of Urgency: Can increase your salary by up to 18%.
  • Commitment: Can increase your salary by up to 16%.
  • Career Development: Can increase your salary by up to 13%.
Skill Salary Salary % Increase
Sense Of Urgency
 $244,482
18%
Commitment
 $240,338
16%
Career Development
 $234,122
13%
Relationship Management
 $234,122
13%
Purchasing
 $232,051
12%
Leadership
 $227,907
10%
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Insurance Managing Broker Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Managing Broker'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.

  • Hourly
  • Monthly
  • Weekly
  • Yearly
  • Table View
Last Updated on May 01, 2026
$185,240
Average $207,188/year
$240,659
$15,437
Average $17,266/month
$20,055
$3,562
Average $3,984/week
$4,628
$89
Average $100/hour
$116
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $240,659 $20,055 $4,628 $116
Average $207,188 $17,266 $3,984 $100
25th Percentile $185,240 $15,437 $3,562 $89

Insurance Managing Broker Salary Growth & Career Path

Insurance Managing Broker
Insurance Broker Executive

For an Insurance Managing Broker, the most direct path to higher earnings is advancing to the Insurance Broker Executive role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $249,373 - a projected growth of 20% over your current level.

Salaries of jobs related to Insurance Managing Broker

Salary Trends for Insurance Managing Broker

Salaries for an Insurance Managing Broker can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $129,522 in 2023 to around $128,588 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Insurance Managing Broker salary trends, .

Average Annual Salary of Insurance Managing Broker Over Time

2022
$???
2023
$129,522
2024
$130,386
2025
$128,588
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $129,522
2024 $130,386
2025 $128,588
2026
View More
2027
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Most common benefits for Insurance Managing Broker

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Insurance Managing Broker

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Ready to take the next step in your career? Browse thousands of current Insurance Managing Broker job openings on our job board. Use the search bar below to find your perfect match.

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FAQ about Insurance Managing Broker

1. Where can an Insurance Managing Broker earn the most?

An Insurance Managing Broker'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 Managing Broker earns the most in San Jose, CA, where the annual salary of an Insurance Managing Broker is $261,326.

2. What is the highest pay for Insurance Managing Broker?

The highest pay for Insurance Managing Broker is $271,133.

3. What is the lowest pay for Insurance Managing Broker?

The lowest pay for Insurance Managing Broker is $165,257.

4. What are the responsibilities of Insurance Managing 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. Develops recommendations to advise 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. 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. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience.

Where Does Our Salary Data Come From?

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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