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Captive Insurance Agent Salary in Minnesota

How much does a Captive Insurance Agent make in Minnesota? The salary range for a Captive Insurance Agent job is from $44,049 to $59,080 per year in Minnesota. Click on the filter to check out Captive Insurance Agent job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at December 01, 2024
$51,246
Per Year
The average salary for a Captive Insurance Agent is $51,246
per Year in Minnesota.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$44,049
$51,246
Medium
$59,080

Highest Paying Cities for Captive Insurance Agent in Minnesota

Here are the top eight that pay the highest Captive Insurance Agent salary in MN. Due to the cost of living in different locations, the Captive Insurance Agent salary will also be different. Minneapolis with the highest wage for the Captive Insurance Agent in Minnesota has a high living wage too. Explore more salary information by clicking the city name.

States with Higher Salaries for Captive Insurance Agent

Captive Insurance Agent works in Minnesota will receive the highest salary in the United States, followed by California, New Jersey. These states have more job opportunities than other places. At the same time, the competition will be fiercer too. People need to improve their competitiveness to get a job in these cities.
Top 5 States with Higher Salaries For
Captive Insurance Agent in the United States:
Captive Insurance Agent in District of Columbia: $55,754
Captive Insurance Agent in California: $55,253
Captive Insurance Agent in New Jersey: $54,903
Captive Insurance Agent in Alaska: $54,552
Captive Insurance Agent in Massachusetts: $54,502

How Much Do Similar Professions Get Paid in Minnesota?

The Captive Insurance Agent jobs have a lot of different directions. And, the job title can also be quite different from in diverse companies. Some job titles may not include the Captive Insurance Agent, while they have the Captive Insurance Agent responsibilities. So, here are some similar jobs and their salaries. Click the link which you are interested in to explore more data.
Captive Agent
Average salary
United States
$51,914
per Year
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Insurance Agent/ Insurance Professional
Average salary
United States
$172,285
per Year
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Commercial Insurance Agent
Average salary
United States
$83,958
per Year
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CSR Agent Insurance
Average salary
United States
$97,506
per Year
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Insurance Sales Agent
Average salary
United States
$97,506
per Year
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Auto Insurance Agent
Average salary
United States
$97,741
per Year
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How Much Should You Be Earning?

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What Does a Captive Insurance Agent Do?

A captive agent is often part of your community, so they are likely familiar with your area and any local needs or potential hazards.

December 22, 2021

Client satisfaction is crucial for captive agents because they get a commission for every earned sale.

December 21, 2021

Your guide to understanding the steps that need to be taken to become an independent insurance agent after years of experience as a captive agent.

December 21, 2021

Captive insurance agents may be known as local agents or agency owners, and often have brick-and-mortar locations.

December 17, 2021

This means if your captive agent leaves the insurer or closes their exclusive agency, you can’t continue working with them—you’ll likely be assigned to another agent.

December 16, 2021

Most Common Benefits for Captive Insurance Agent

Social Security
Healthcare
401(k)
Pension
Disability
Time Off (days)

Frequently Asked Questions

Common questions about salaries for a Captive Insurance Agent
Get a personal salary report to know Which factors can influence Captive Insurance Agent salary.
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A captive agent is often part of your community, so they are likely familiar with your area and any local needs or potential hazards.
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Check the below career pages for detailed pay ranges for similar professions to Captive Insurance Agent:
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Hopkins pays the highest Captive Insurance Agent wage. Get personal salary report to explore more salary information in different cities.
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The Captive Insurance Agent salary range is $44,049 to $59,080 in MN.
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