As of April 01, 2025, the average annual salary for an Insurance Broker in the United States is $86,065. According to Salary.com, salaries can range from a low of $62,165 to a high of $101,641, with most professionals earning between $73,555 and $94,218.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $94,218 | $7,852 | $1,812 | $45 |
| Average | $86,065 | $7,172 | $1,655 | $41 |
| 25th Percentile | $73,555 | $6,130 | $1,415 | $35 |
An entry-level Insurance Broker with less than 1 year of experience earns about $81,957. With 1-2 years of experience, the average salary increases to $82,331. For 2-4 years of experience, the pay typically rises to $86,673. Senior-level professionals with 5-8 years of experience earn around $90,081, and those with over 8 years of experience can expect an average of $90,324.
| Levels | Salary |
|---|---|
| Entry Level Insurance Broker | $81,957 |
| Intermediate Level Insurance Broker | $82,331 |
| Senior Level Insurance Broker | $86,673 |
| Specialist Level Insurance Broker | $90,081 |
| Expert Level Insurance Broker | $90,324 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 1% |
| Top Level | 5% |
| Experienced | 5% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Insurance Broker compensation over the past six years. For example, the median salary increased from $81,367 in 2023 to approximately $80,867 in 2024. (For a detailed analysis of Insurance Broker salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Insurance Broker information for you to search for. Click on search button below to see Insurance Broker job openings or enter a new job title here.
Here are companies hiring for Insurance Broker and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $86,065 | 72.5% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $6,584 | 5.5% | ||
| 401K/403B | $4,045 | 3.4% | ||
| Disability | $689 | 0.6% | ||
| Healthcare | $6,056 | 5.1% | ||
| Pension | $4,734 | 4.0% | ||
| Time Off | $10,593 | 8.9% | ||
| Total Compensation | $118,764 | 100% | ||
The average annual salary of Insurance Broker is $86,065. In case you are finding an easy salary calculator, the average hourly pay of Insurance Broker is $41; the average weekly pay of Insurance Broker is $1,655; the average monthly pay of Insurance Broker is $7,172.
An Insurance Broker's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Insurance Broker earns the most in San Jose, CA, where the annual salary of an Insurance Broker is $108,554.
The highest pay for Insurance Broker is $101,641.
The lowest pay for Insurance Broker is $62,165.
Develops and markets customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Assesses and negotiates quotes from different carriers based on exposure, risk, and financing. Develops recommendations to advises customers on the best options that will meet their needs and to place and retain the business. Requires knowledge of complex insurance products and a variety of lines such as commercial property & casualty, employee benefits, and others. Requires a bachelor's degree. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management). Typically reports to a supervisor or manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2 -4 years of related experience.
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.
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.
Cold Calling: Cold calling is the solicitation of business from potential customers who have had no prior contact with the salesperson conducting the call. It is an attempt to convince potential customers to purchase either the salesperson's product or service. Generally, it is referred as an over-the-phone process, making it a source of telemarketing, but can also be done in-person by door-to-door salespeople. Though cold calling can be used as a legitimate business tool, scammers can use cold calling as well.
Telemarketing: Telemarketing (sometimes known as inside sales, or telesales in the UK and Ireland) is a method of direct marketing in which a salesperson solicits prospective customers to buy products or services, either over the phone or through a subsequent face to face or Web conferencing appointment scheduled during the call. Telemarketing can also include recorded sales pitches programmed to be played over the phone via automatic dialing. Telemarketing is defined as contacting, qualifying, and canvassing prospective customers using telecommunications devices such as telephone, fax, and internet. It does not include direct mail marketing.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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