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Licensed Insurance Broker Salary in the United States

How much does a Licensed Insurance Broker make in the United States? The salary range for a Licensed Insurance Broker job is from $51,580 to $66,357 per year in the United States. Click on the filter to check out Licensed Insurance Broker job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at March 26, 2024
$58,593
Per Year
The average salary for a Licensed Insurance Broker is $58,593
per Year in the United States.
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
$51,580
$58,593
Medium
$66,357

Highest Paying Cities for Licensed Insurance Broker in the United States

Licensed Insurance Broker salaries in the United States will pay differently by cities. Below following are the eight cities with the highest income for Licensed Insurance Broker jobs in the United States. The city with the highest salary is San Jose. Click on the Licensed Insurance Broker salary in cities you are interested in to view detailed job salary information.

States with Higher Salaries for Licensed Insurance Broker

The five states where Licensed Insurance Broker jobs get higher salaries in the United States are: District of Columbia, California, New Jersey, Alaska, and Massachusetts. Compared with the average salary of a Licensed Insurance Broker in the United States, the state of District of Columbia with the highest job income for this job. The second and third states are California and New Jersey respectively. The high or low salary paid to Licensed Insurance Broker by the US has a greater relationship with the demand for jobs and the cost of living.

How Much Do Similar Professions Get Paid in the United States?

There are some different titles for Licensed Insurance Broker jobs, and the job title of Licensed Insurance Broker will vary in different companies. The job title has a lot to do with the department and responsibilities, and the same job title will vary in different departments. The following list is the salary of jobs similar to Licensed Insurance Broker, start to view Licensed Insurance Broker-related jobs you are interested in.
Licensed Broker
Average salary
United States
$48,931
per Year
Licensed Customs Broker
Average salary
United States
$65,728
per Year
Car Insurance Broker
Average salary
United States
$81,538
per Year
Insurance Broker Assistant
Average salary
United States
$71,708
per Year
Life Insurance Broker
Average salary
United States
$93,692
per Year
Insurance Broker Manager
Average salary
United States
$232,161
per Year

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What Does a Licensed Insurance Broker Do?

Our insurance brokers help clients with finding coverage outside of standard insurance products, such as excess and surplus lines, from a variety of insurance underwriters.

December 22, 2021

On the part of insurance brokers can have severe effects upon clients when they discover their insurance coverage is worthless.

December 19, 2021

In such a case, the insurance representative will be registered in the Register of Insurance Brokers without having to through the license procedure.

December 19, 2021

Licensed individual insurance agent is an individual who is granted a licence under section 64W of the IO to carry on regulated activities in one or more lines of business, as an agent of any authorized insurer.

December 17, 2021

Agents and brokers are licensed in their states and must comply with all governing statutes and regulations.

December 10, 2021

Most Common Benefits for Licensed Insurance Broker

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

Frequently Asked Questions

Common questions about salaries for a Licensed Insurance Broker
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Our insurance brokers help clients with finding coverage outside of standard insurance products, such as excess and surplus lines, from a variety of insurance underwriters.
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Check the below career pages for detailed pay ranges for similar professions to Licensed Insurance Broker:
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Explore our personal salary report to know the Licensed Insurance Broker market value in the United States. And find out if any places are having a higher Licensed Insurance Broker salary.
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The highest Licensed Insurance Broker salary is $66,357, while the lowest is $51,580 in the United States.
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