How Much Does a Commercial Insurance Broker Make in Memphis, TN?

Updated December 01, 2024
As of December 01, 2024, the average annual pay of Commercial Insurance Broker in Memphis, TN is $54,707. While Salary.com is seeing that Commercial Insurance Broker salary in Memphis, TN can go up to $71,301 or down to $38,721, but most earn between $46,339 and $63,393. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Commercial Insurance Broker
Insurance Broker
$88,066
Memphis, TN
Per Year
Insurance Senior Broker
$154,713
Memphis, TN
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Insurance Managing Broker
$225,122
Memphis, TN
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Insurance Broker Executive
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Similar Job Salaries to Commercial Insurance Broker by Company

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Company average base salary in (usd) range
Elanden Advisors
Commercial Real Estate Broker
$113,888/yr
$89,758
$138,018
RANGE: $89,758 - $138,018
USG Insurance Services, Inc.
Wholesale Insurance Inside Broker
$150,146/yr
$119,243
$181,050
RANGE: $119,243 - $181,050
MAVERICK INSURANCE
Life Insurance Broker
$142,255/yr
$109,008
$175,503
RANGE: $109,008 - $175,503
Agile Staffing Groups
Associate Broker - Commercial Insurance
$196,907/yr
$154,664
$239,150
RANGE: $154,664 - $239,150
Munro Insurance Services LLC
Commercial Insurance Broker
$106,147/yr
$87,010
$125,284
RANGE: $87,010 - $125,284
Get It - Real Estate
Remote Associate Broker in Commercial Real Estate | WFH
$214,827/yr
$153,100
$276,554
RANGE: $153,100 - $276,554
The Misch Group
Vice President- Commercial Insurance Broker
$253,449/yr
$204,191
$302,706
RANGE: $204,191 - $302,706
Higginbotham
Commercial Insurance Account Manager
$159,032/yr
$128,080
$189,983
RANGE: $128,080 - $189,983
westlandcorp
Insurance Broker Operations Specialist (Commercial Lines)
$126,311/yr
$104,623
$147,999
RANGE: $104,623 - $147,999

Open Commercial Insurance Broker Jobs in Memphis, TN

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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

Frequently Asked Questions About a Commercial Insurance Broker Salaries

What is the average of a Commercial Insurance Broker in Memphis, TN?

The Commercial Insurance Broker salary range is from $46,339 to $63,393, and the average Commercial Insurance Broker salary is $54,707/year in Memphis, TN. 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 $73,274 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.