Insurance Producer Salary at State Farm Insurance Companies BETA

How much does a State Farm Insurance Companies Insurance Producer make?

As of April 2025, the average annual salary for an Insurance Producer at State Farm Insurance Companies is $55,667, which translates to approximately $27 per hour. Salaries for Insurance Producer at State Farm Insurance Companies typically range from $49,248 to $62,837, 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.

State Farm Insurance Companies Overview

Website:
teamhohn.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Insurance

State Farm Insurance Companies is a company that operates in the Insurance industry. It employs 11-20 people and has $1M-$5M of revenue. The company is headquartered in Savage, Minnesota.

See similar companies related to State Farm Insurance Companies

What Skills Does a person Need at State Farm Insurance Companies?

At State Farm Insurance Companies, 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. 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.
  3. Project Management: Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.
  4. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  5. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.

Related Jobs

Westfield
Minneapolis , MN

Job Description Job Summary The Surety Senior Account Underwriter is responsible for marketing, underwriting, processing and servicing surety business as assigned or within a defined territory. They develop and underwrite profitable surety business by visiting assigned agencies or services offices and serve as subject matter expert, working with other bond personnel on selected contract accounts, including various financial and workload analysis. The role serves as underwriting contact for agency personnel by responding to agent inquiries, assisting in the development and delivery of agency training, monitoring compliance objectives, and supporting decision making on acceptance or decline of bonds within established authority. Salary Range: $105,708-126,850 Benefits, where eligible: 401(k) with employer contribution Pension plan Medical, dental & vision Wellness & mental health programs Health care flexible spending accounts, health savings accounts, & life insurance Paid time off, inc


Sponsored
4/24/2025 12:00:00 AM
WAHVE
Minneapolis , MN

Note: This employer is open to candidates who want to work remote. Put your Insurance Experience to work FROM HOME! AtWAHVE, we value significant insurance experience and want to revolutionize the way people think aboutphasing intoretirementby offering qualified candidates the opportunity to continue their career working from home. As we say retire from the office but not from work. Our unique platform provides you withrealwork/life balance and allows you to customize your own work schedule while continuing to utilize your insurance expertise ina remote, long-term position which includes company benefits! WHAT YOU'LL LOVE ABOUT WAHVE We created a welcoming place to work with friendly and professional leadership. We are known for the great care we take with our staff and our clients. We are passionate and determined about delivering the best customer service, preserving insurance industry knowledge, and making a difference by the work that we do. WHAT WE ARE SEEKING We have assignments


Sponsored
4/24/2025 12:00:00 AM
Greg Davis Agency
Golden Valley , MN

Job Description Job Description Job Responsibilities include but are not limited to: Must be willing to obtain Property & Casualty License. Take inbound Sales calls from potential policyholders Selling home, auto, motorcycle, and other personal lines products Utilizing Microsoft Excel and other Microsoft Office tools in daily business operations Servicing Personal Lines products Making outbound sales calls to internet leads Service & Selling to walk-in client Qualifications High School Diploma or equivalent Prior sales experience and/or a strong desire to work in sales (Inside Sales/Outside Sales) Demonstrated job stability Solid computer, grammar, and multi-tasking skills Strong attention to detail, time management and decision making skills Must be comfortable working in a fast paced, evolving environment Benefits 401K Medical Coverage Paid vacations and holidays Base Salary Competitive bonus program Other benefits will be discussed during interview Job Type: Full-time Job Type: Full


Sponsored
4/23/2025 12:00:00 AM
Tokio Marine HCC
Minnetonka , MN

Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry, today offering over 100 products to commercial customers in 180 countries around the world. Organic growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 Billion. Our workforce has grown to 4,300 worldwide ... big, but not so big that you cannot make a difference. Our Good Company values, including integrity, empowerment, and commitment to customer service, and a culture of innovation, communication, and collaboration make TMHCC a great place to work. TMHCC Stop Loss, a $2 Billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that ri


Sponsored
4/23/2025 12:00:00 AM
Chubb
Hopkins , MN

Job Description As a Commercial Insurance Specialty Underwriter, responsibilities will include managing a renewal book and generating new business. The position will be responsible for driving profitable growth with assigned agents and brokers. Products include Package, Property, General Liability, Auto, Worker's Compensation, Umbrella/Excess and International. Programs are guaranteed cost and Loss Sensitive structures. We are looking for a candidate who is highly motivated, results oriented, with solid business and underwriting acumen. Knowledge, Skills, and Abilities Required: Candidate will have experience in both Property & Casualty lines of business. Familiarity with global programs is a plus. Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb practices. This position must collaborate with other underwriters, operations, claims,


Sponsored
4/23/2025 12:00:00 AM
HealthPartners
Minneapolis , MN

Job Description HealthPartners is hiring a Pharmacy Account Manager. The Pharmacy Account Manager serves as the primary relationship manager for employer accounts. This role involves working directly with employer groups to optimize drug spend, ensuring alignment with strategic goals and initiatives. The incumbent is expected to have a deep understanding of pharmacy market dynamics and the pharmacy benefit management (PBM) industry to manage client relationships effectively. The role includes partnering with Sales and Account teams to create and maintain strategic and operational service plans to ensure client retention. It also involves analyzing customer drug utilization data to develop and present compelling value proposition stories. The Pharmacy Account Manager will collaborate with pharmacy team members to develop, train, and implement pharmacy product materials and educational support for sales and account management. This position also plays a key role in creating forward-facin


Sponsored
4/22/2025 12:00:00 AM
Amwins Group, Inc.
Minneapolis , MN

Senior Transportation Underwriter Bloomington, MN Amwins National Transportation Underwriters, Inc. is conducting a candidate search for a Senior Transportation Underwriter. Amwins National Transportation Underwriters, Inc. (ANTU), is an Amwins Group company that maintains a strategic focus in underwriting and distributing transportation insurance products across the country. Our commitment to developing long-term relationships with our distribution partners allows for a territory that's unmatched in the wholesale transportation insurance industry. The combination of industry-leading knowledge and broad distribution territory positions ANTU and it's team members exceptionally-well for continued growth and opportunity into the future. Learn more here. Amwins is the largest wholesale brokerage and group benefits insurance administrator in the US with annual placed premiums of over $33 billion, 160 locations around the world, and 7.3k employees. Amwins has expertise across a diversified m


Sponsored
4/22/2025 12:00:00 AM
NFP
Eden Prairie , MN

Who We Are: NFP, an Aon Company, is a multi-year Best Places to Work award winner in Business Insurance who has also earned the WORK180 employer endorsement. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com. This position will support Diversified Brokerage Services, a subsidiary of NFP. Diversified Brokerage Services (DBS) is one of the largest brokerage general agencies in the United States specializing in life insurance, and we're proud of our roots, starting as a family run business in 1968 and growing to where we are today. With over 50 years in the insurance industry, we've honed in on our strengths and perfected our processes, resulting in the best possible experience for the advisors we serve. We invite you to learn m


Sponsored
4/20/2025 12:00:00 AM

Check more jobs information at State Farm Insurance Companies

Job Title Average State Farm Insurance Companies Salary Hourly Rate
2 Executive Administrative Assistant $76,340 $37

Hourly Pay at State Farm Insurance Companies

The average hourly pay at State Farm Insurance Companies for an Insurance Producer is $27 per hour. The location, department, and job description all have an impact on the typical compensation for State Farm Insurance Companies positions. The pay range and total remuneration for the job title are shown in the table below. State Farm Insurance Companies may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $55,667 look to you?

FAQ about Salary and Jobs at State Farm Insurance Companies

1. How much does State Farm Insurance Companies pay per hour?
The average hourly pay is $27. 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 State Farm Insurance Companies?
According to the data, the highest approximate salary is about $62,837 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 State Farm Insurance Companies?
According to the data, the lowest estimated salary is about $49,248 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.