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As of August 01, 2026, the average salary for a Licensed Insurance Agent in Michigan is $83,492 per year, which breaks down to an hourly rate of $40.
However, a Licensed Insurance Agent's salary can vary significantly. Here’s a look at the typical salary range:
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Licensed Insurance Agent Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $94,207 | $7,851 | $1,812 | $45 |
| Average | $83,492 | $6,958 | $1,606 | $40 |
| 25th Percentile | $73,294 | $6,108 | $1,410 | $35 |
L.A. Insurance - Monroe, MI
L.A. Insurance - Charter Township of Clinton, MI
L.A. Insurance - Wayne, MI
L.A. Insurance - Ypsilanti, MI
A Licensed Insurance Agent'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 a Licensed Insurance Agent'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:
| Levels | Salary |
|---|---|
| Insurance... Level Licensed Insurance Agent | $62,288 |
| Licensed ... Level Licensed Insurance Agent | $85,617 |
| Insurance... Level Licensed Insurance Agent | $151,452 |
| Insurance... Level Licensed Insurance Agent | $205,010 |
| Insurance... Level Licensed Insurance Agent | $246,758 |
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 Licensed Insurance Agents. For example, consider the average annual salaries in these key locations:
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:
For Licensed Insurance Agent 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, Licensed Insurance Agent positions in Business Services typically offer lower base pay, as this sector often view Licensed Insurance Agent as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $91,842 | $44.0 | 10% |
| Financial Services | $87,667 | $42.0 | 5% |
Understanding how a Licensed Insurance Agent'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $94,207 | $7,851 | $1,812 | $45 |
| Average | $83,492 | $6,958 | $1,606 | $40 |
| 25th Percentile | $73,294 | $6,108 | $1,410 | $35 |
Ready to take the next step in your career? Browse thousands of current Licensed Insurance Agent job openings on our job board. Use the search bar below to find your perfect match.
L.A. Insurance
Detroit, MI
L.A. Insurance | Detroit, MI
Job Description. Job Description. L.A. Insurance. is seeking a motivated. Licensed Insurance Agent. to join our team. This role is perfect for a. licensed ... more
3 Days Ago
ATAX-Norton Shores Michigan
Norton Shores, MI
ATAX-Norton Shores Michigan | Norton Shores, MI
Job Description. Job Description. Join Our Team as a Licensed Insurance Agent that understands Taxes in Norton Shores, MI. Are you looking for a rewarding ... more
3 Days Ago
L.A. Insurance
Allen Park, MI
L.A. Insurance | Allen Park, MI
Job Description. Job Description. WHY WORK FOR L.A. INSURANCE. For starters, how about a. $5,000 EMPLOYMENT SUCCESS BONUS. To celebrate your potential grow... more
4 Days Ago
McClanahan Insurance Agency
Wyoming, MI
McClanahan Insurance Agency | Wyoming, MI
Job Description. Job Description. This is a part-time on-site role for a Licensed Insurance Agent located in Wyoming, MI. The Licensed Insurance Agent will... more
4 Days Ago
L.A. Insurance
Lansing, MI
L.A. Insurance | Lansing, MI
Job Description. Job Description. WHY WORK FOR L.A. INSURANCE. For starters, how about a. $5,000 EMPLOYMENT SUCCESS BONUS. Those who are. bilingual in Span... more
4 Days Ago
L.A. Insurance
Jackson, MI
L.A. Insurance | Jackson, MI
Job Description. Job Description. WHY WORK FOR L.A. INSURANCE. For starters, how about a. $5,000 EMPLOYMENT SUCCESS BONUS. Those who are. bilingual in Span... more
4 Days Ago
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