Licensed Insurance Agent Salary at Kentucky Farm Bureau BETA

How much does a Kentucky Farm Bureau Licensed Insurance Agent make?

As of April 2025, the average annual salary for a Licensed Insurance Agent at Kentucky Farm Bureau is $87,654, which translates to approximately $42 per hour. Salaries for Licensed Insurance Agent at Kentucky Farm Bureau typically range from $76,633 to $104,947, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Kentucky Farm Bureau Overview

Website:
kyfb.com
Size:
500 - 1,000 Employees
Revenue:
$50M - $200M
Industry:
Insurance

Founded in 1919 and headquartered in Louisville, Kentucky, Kentucky Farm Bureau is a voluntary organization of farm families serving the agriculture community providing insurance in auto, home, farm, boat, and more.

See similar companies related to Kentucky Farm Bureau

What Skills Does a person Need at Kentucky Farm Bureau?

At Kentucky Farm Bureau, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Insurance Sales: Insurance sales involves selling various types of insurance to customers, including home, life, health and auto insurance. Primary goal is to get information about clients' needs and match them with insurance policies they offer.
  2. Life insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
  3. Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
  4. Health insurance: Health insurance is a type of insurance coverage that pays for health and medical expenses. Health insurance covers some or all of the costs of routine care, emergency care, and treatment for chronic illnesses.
  5. Networking: Ability to maintain, build and expand a personal and business contact list to grow one's career and business opportunities.

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Check more jobs information at Kentucky Farm Bureau

Job Title Average Kentucky Farm Bureau Salary Hourly Rate
2 Actuary Associate $110,178 $53
3 Adjuster $51,984 $25
4 Admin Assistant $43,644 $21
5 Admin Secretary $83,083 $40
6 Agency Owner $242,646 $117
7 Analyst II $75,324 $36
8 Application Programmer Analyst $66,914 $32
9 Business Analyst I $63,303 $30
10 Business Analyst II $98,751 $47
11 Business Data Analyst $66,180 $32
12 Claim Representative $44,656 $21
13 Claims Representative $44,656 $21

Hourly Pay at Kentucky Farm Bureau

The average hourly pay at Kentucky Farm Bureau for a Licensed Insurance Agent is $42 per hour. The location, department, and job description all have an impact on the typical compensation for Kentucky Farm Bureau positions. The pay range and total remuneration for the job title are shown in the table below. Kentucky Farm Bureau may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $87,654 look to you?

FAQ about Salary and Jobs at Kentucky Farm Bureau

1. How much does Kentucky Farm Bureau pay per hour?
The average hourly pay is $42. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Kentucky Farm Bureau?
According to the data, the highest approximate salary is about $104,947 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Kentucky Farm Bureau?
According to the data, the lowest estimated salary is about $76,633 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.