How much does an Insurance Broker make? The average Insurance Broker salary is $72,127 as of October 28, 2020, but the salary range typically falls between $65,171 and $83,430. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Job Openings for Insurance Broker
The Newsom Agency, LLC - Richmond , VA
The Newsom Agency of Symmetry Financial Group is currently hiring highly motivated Licensed Life Insurance Agents who have a passion for helping people. Our company offers positions that will allow ...
ZipRecruiter - 4 days ago
American Insurance Broker's - Chesapeake , VA
Company Description American Insurance Broker's and Owner Carlos Bastardo has been in the insurance industry for over 27 years. Our leadership skills and leadership is some of the best in the ...
ZipRecruiter - 19 days ago
North American Senior Benefits - Richmond , VA
We are a full fledged insurance brokerage with a culture and team ethic unmatched in the industry.
ZipRecruiter - 9 days ago
Harrison Gray Search & Consulting - McLean , VA
As an all-lines insurance broker, our client has been serving domestic and international communities with success since 1970. They offer a wide range of insurance products and risk management ...
ZipRecruiter - 16 days ago
Futurity First Insurance Group: Don Lilly Agency Mid-Atlantic Region - Roanoke , VA
With access to our broker-dealer, Securities of America, and top insurance carriers, Futurity First advisors are able to provide independent planning strategies and recommendations to their clients
ZipRecruiter - 62 days ago
Symmetry Financial Group - Richmond , VA
Insurance experience is a plus, but it is not necessary. Must be goal-oriented and driven but humble and coachable. We are looking for someone who is passionate about success, passionate about ...
ZipRecruiter - 2 days ago

Insurance Broker Salary in Major Cities

This chart shows the salary comparison for Insurance Broker between major cities. San Francisco City consistently ranks #1 as of October 28, 2020. Click on the chart to see the detail salary data for Insurance Broker in each city.
Click to see the salary for Insurance Broker in these major U.S. cities.
City Name Average Salary
San Francisco, CA $90,158
Washington, DC $80,291
Miami, FL $70,216
Chicago, IL $76,518
Boston, MA $81,265
New York, NY $86,768
Dallas, TX $71,658
If you'd like know Insurance Broker Salary in other cities, then please select a city in

Average Base Salary

Core compensation

 
 
 
65171
83430
72127

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
65282
83520
72184
What is the average salary for Insurance Broker in 2020?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Broker in the United States. The base salary for Insurance Broker ranges from $65,171 to $83,430 with the average base salary of $72,127. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $65,282 to $83,520 with the average total cash compensation of $72,184.
Average Salary Average Salary Range
Base Salary $72,127 $65,171 - $83,430
Bonus $58 $111 - $90
Total Pay $72,184 $65,282 - $83,520
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Insurance Broker, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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65171
83430

 

What's the difference between Insurance Broker Trainee and Insurance Broker?
According to our latest salary estimation on October 28, 2020. The average salary of Insurance Broker is $72,127, and the average salary of Insurance Broker Trainee is $64,175. The average salary of Insurance Broker Trainee is lower than Insurance Broker. ( 2020-10-28 salary.com )
I am an Insurance Broker, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Insurance Broker. an Insurance Broker Salary in New Britain, CT is $77,897 as of October 28, 2020; an Insurance Broker Salary in Barnstable, MA is $76,059 as of October 28, 2020. ( 2020-10-28 salary.com )
Why does the salary of an Insurance Broker vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2020-10-28 salary.com )
What are the Pay Factors for Insurance Broker?
Salary ranges for an Insurance Broker can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2020-10-28 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2020-10-28 salary.com )

Last Update: October 28, 2020