The 10 States With The Highest Insurance Agent Salaries

By Chris Kolmar - May. 17, 2019

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Without fail, in surveys across basically every demographic, the number one most important aspect of a job for most people is the salary — how much do insurance agents get paid where I live?

And while there are many things to go into how much you, specifically, can expect to make, there’s really good data for average salaries for insurance agents by state across America broken down by seniority level. So while your city may be slightly different than the state average, these averages give you a rough sense of what to expect for your salary.

The state with the best salary for insurance agents after this adjustment? That would be Insurance Sales Agents.

Here’s a quick snapshot of the top ten states for salaries:

  1. Alabama
  2. Pennsylvania
  3. Nebraska
  4. Wisconsin
  5. Kansas
  6. Michigan
  7. Minnesota
  8. North Carolina
  9. Illinois
  10. Indiana

To better understand how salaries change across America, we decided to take a look the most recent data from the Bureau of Labor Statistics on average pay for insurance agents by state.

Additionally, we wanted to adjust the salary based on the cost of living in a state — because your salary goes further in North Carolina than it does in California.

Let’s take a look at how we got here and a full ranking of all the states.

How we determined pay by state

As we mentioned earlier, we took the average annual salary data for insurance agents from the Bureau of Labor Statistics — specifically their ‘Occupational Employment Statistics.’

To make the comparison of salaries apples to apples across states, we also took into account the cost of living in each state.

We then created an index by dividing the average wage for a state by the cost of living relative to average. As an example, the cost of living index in California is 135.9 and the average pay is $76420, so our index value would be:

$76,420 * (100 / 135.9) = $56,232

We then ranked every state on this criteria with the state with the highest salary index ranking as highest average salary for insurance agents.

Here’s a look at the full ranking for all states.

Detailed List Of Insurance Agent Salaries By State

Rank State Adjusted Salary Average Wage Cost Of Living
1 Alabama $89,265 $81,410 91.2
2 Pennsylvania $79,852 $80,970 101.4
3 Nebraska $78,646 $72,040 91.6
4 Wisconsin $77,159 $74,690 96.8
5 Kansas $75,750 $68,100 89.9
6 Michigan $75,179 $66,910 89.0
7 Minnesota $73,551 $74,140 100.8
8 North Carolina $73,503 $69,020 93.9
9 Illinois $73,488 $69,520 94.6
10 Indiana $72,972 $65,310 89.5
11 Mississippi $71,769 $61,650 85.9
12 Iowa $69,373 $63,130 91.0
13 Texas $69,195 $62,760 90.7
14 Nevada $68,606 $70,870 103.3
15 Oklahoma $67,275 $60,010 89.2
16 Arkansas $66,980 $58,340 87.1
17 Massachusetts $66,791 $89,100 133.4
18 Colorado $66,050 $68,560 103.8
19 Missouri $65,730 $59,420 90.4
20 Georgia $65,579 $59,940 91.4
21 New York $64,534 $84,540 131.0
22 Ohio $64,498 $60,500 93.8
23 North Dakota $64,325 $63,940 99.4
24 Tennessee $64,272 $57,460 89.4
25 Florida $64,272 $63,180 98.3
26 Montana $63,115 $63,620 100.8
27 Connecticut $62,740 $80,120 127.7
28 New Jersey $62,477 $76,160 121.9
29 Idaho $62,334 $57,410 92.1
30 Wyoming $62,298 $57,190 91.8
31 Kentucky $61,657 $55,800 90.5
32 South Dakota $60,925 $63,180 103.7
33 Arizona $60,367 $59,160 98.0
34 Virginia $59,623 $60,100 100.8
35 Delaware $59,615 $60,450 101.4
36 South Carolina $59,072 $58,600 99.2
37 Washington $58,868 $61,930 105.2
38 Utah $58,462 $54,370 93.0
39 Oregon $56,262 $65,040 115.6
40 Rhode Island $56,238 $67,880 120.7
41 California $56,232 $76,420 135.9
42 West Virginia $55,931 $52,240 93.4
43 New Hampshire $55,820 $65,310 117.0
44 Maine $54,909 $60,840 110.8
45 Alaska $54,271 $71,150 131.1
46 Louisiana $53,185 $50,420 94.8
47 Maryland $53,059 $66,590 125.5
48 New Mexico $48,777 $47,070 96.5
49 Hawaii $39,398 $66,150 167.9

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Author

Chris Kolmar

Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.

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