Commercial Insurance Broker Salaries in the United States
How Much Does a Commercial Insurance Broker Make?
Updated March 26, 2024
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- Connecticut
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- Florida
- Georgia
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Individually reported data submitted by users of our website
Low Confidence
$57,246/yr
Average Base Pay
Low $48,486
Average $57,246
High $66,329
The average salary for Commercial Insurance Broker is $57,246 per year in the United States.
Related Job Titles to Commercial Insurance Broker
Similar Job Salaries to Commercial Insurance Broker by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Pepper, Johnstone & Company
Commercial Lines Insurance Broker
|
$113,181/yr
|
RANGE: $90,132 - $136,230
|
|
The Misch Group
VP-Commercial Insurance Broker
|
$257,659/yr
|
RANGE: $208,092 - $307,225
|
|
The Misch Group
Vice President- Commercial Insurance Broker
|
$288,829/yr
|
RANGE: $230,006 - $347,653
|
|
The Misch Group
VP-Commercial Insurance Producer/Broker
|
$259,784/yr
|
RANGE: $209,808 - $309,759
|
|
The Misch Group
Commercial Insurance Broker with Franchise Auto Dealer Focus
|
$138,272/yr
|
RANGE: $110,480 - $166,064
|
What Does a Commercial Insurance Broker Do?
Heffernan Insurance Brokers is the go-to source for insurance for small businesses, from sole proprietors working from home to fast-growing companies with ever-changing needs.
Updated December 21, 2021
Some risks can cause devastating effects on business operations, which is why getting a commercial insurance policy that protects the firm and its assets is crucial.
Updated December 17, 2021
In doing so, the insurance broker is able to recommend the best insurance policy that addresses the identified risks.
Updated December 14, 2021
So, while a commercial insurance broker represents insurance buyers, an agent represents insurance sellers.
Updated December 12, 2021
The relationship between a commercial insurance broker and their client must be one of mutual respect and constant communication.
Updated December 10, 2021
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Explore JobArchitectFrequently Asked Questions About a Commercial Insurance Broker Salaries
What is the average of a Commercial Insurance Broker in the United States?
The Commercial Insurance Broker salary range is from $48,486 to $66,329, and the average Commercial Insurance Broker salary is $57,246/year in the United States.
The Commercial Insurance Broker's salary will change in different locations.
Which location pays the highest Commercial Insurance Broker salary in the United States?
The Commercial Insurance Broker salary in San Jose, CA is $71,843
which is the highest in the US.
What kinds of reasons will influence the Commercial Insurance Broker's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Commercial Insurance Broker.
What is the growth rate of the Commercial Insurance Broker's salary?
If you are thinking of becoming a Commercial Insurance Broker or planning the next step in your career, find the detailed salary report of a Commercial Insurance Broker.
Recent Salary Report
Below are the most recent Commercial Insurance Broker salary reports. Employer name has been removed to protect anonymity.
$55,421
Yearly
A Commercial Insurance Broker in Muskegon, MI reported making $55,421 per year
Muskegon, MI
100 - 200 employees
Full-Time
Company - Private
$28
Hourly
A Commercial Insurance Broker in Norwalk, CT reported making $28 per hour
Norwalk, CT
3,000 - 7,6 employees
Part-Time
Company - Public
$55,786
Yearly
A Commercial Insurance Broker in Lubbock, TX reported making $55,786 per year
Lubbock, TX
200 - 6 employees
Full-Time
Company - Private
$22
Hourly
A Commercial Insurance Broker in Minnetonka, MN reported making $22 per hour
Minnetonka, MN
7,6 - 15,000 employees
Part-Time
Company - Public
$61,799
Yearly
A Commercial Insurance Broker in Elizabeth, NJ reported making $61,799 per year
Elizabeth, NJ
6 - 1,000 employees
Full-Time
Company - Private
$4,906
Monthly
A Commercial Insurance Broker in Bentonville, AR reported making $4,906 per month
Bentonville, AR
1,000 - 3,000 employees
Full-Time
Company - Public
