Commercial Insurance Broker Salaries in Minnesota
How Much Does a Commercial Insurance Broker Make in Minnesota?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Commercial Insurance Broker in Minnesota is $60,163.
While Salary.com is seeing that Commercial Insurance Broker salary in MN can go up to $78,405
or down to $42,578, but most earn between $50,958 and $69,712.
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
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Similar Job Salaries to Commercial Insurance Broker by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
VirtualVocations
Health Insurance Broker
|
$99,658/yr
|
RANGE: $81,363 - $117,953
|
|
Sound Risk Management Corp.
Commercial Insurance Broker
|
$175,662/yr
|
RANGE: $139,508 - $211,816
|
|
DHW Insurance Brokers
Commercial Insurance Broker
|
$190,318/yr
|
RANGE: $145,840 - $234,797
|
|
The Demarco Group
Commercial Insurance Broker
|
$88,283/yr
|
RANGE: $74,909 - $101,657
|
|
Blue Lion Insurance
Commercial Insurance Broker
|
$154,380/yr
|
RANGE: $118,300 - $190,459
|
|
Gaslamp Insurance Services, LLC
Commercial Insurance Retail Broker
|
$144,259/yr
|
RANGE: $115,850 - $172,668
|
|
Ultimate Staffing
Commercial Insurance Broker
|
$187,715/yr
|
RANGE: $149,081 - $226,350
|
|
Procyon Insurance Services
Commercial Insurance Broker
|
$105,155/yr
|
RANGE: $86,199 - $124,111
|
|
Capital Group Enterprises
Commercial Insurance Broker
|
$152,036/yr
|
RANGE: $116,504 - $187,568
|
Top 10 Highest Paying Cities For Commercial Insurance Broker Jobs in Minnesota
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Commercial Insurance Broker can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Commercial Insurance Broker job salaries in Minnesota.
Some cities can pay higher salaries for Commercial Insurance Broker jobs, which can indicate that there is a large demand for Commercial Insurance Broker positions in this city.
The following table shows top 10 cities where the Commercial Insurance Broker salary is higher than other cities in Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Commercial Insurance Broker salary is $62,398 in Minneapolis,
which is higher than the national average. There are 7 cities' Commercial Insurance Broker salary higher than national average in Minnesota.
The average salary for a Commercial Insurance Broker in Minnesota is $60,163,
but we found that the city with the highest salary for Commercial Insurance Broker jobs is Minneapolis, MN, and it is higher than Saint Paul.
Commercial Insurance Broker jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Minneapolis | $62,398 | $5,200 | $1,200 | $30 |
| Saint Paul | $62,398 | $5,200 | $1,200 | $30 |
| Minnetonka | $62,398 | $5,200 | $1,200 | $30 |
| Eden Prairie | $62,280 | $5,190 | $1,198 | $30 |
| Burnsville | $62,221 | $5,185 | $1,197 | $30 |
| Lakeville | $61,986 | $5,166 | $1,192 | $30 |
| Rochester | $58,987 | $4,916 | $1,134 | $28 |
| Saint Cloud | $57,987 | $4,832 | $1,115 | $28 |
| Duluth | $56,811 | $4,734 | $1,093 | $27 |
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 Minnesota?
The Commercial Insurance Broker salary range is from $50,958 to $69,712, and the average Commercial Insurance Broker salary is $60,163/year in Minnesota.
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 $73,807
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.
