Insurance Agent Salary In Minnesota
Average Insurance Agent Salary In Minnesota
$48,284yearly
How much does an Insurance Agent make in Minnesota?
The average insurance agent in Minnesota makes $48,284 annually. The average hourly rate for an insurance agent is $23.21/hr. This compares to the national average insurance agent salary of $51,936. Below, we break down the average insurance agent salary in Minnesota by the highest paying companies and industries. You can also compare different types of insurance agent salaries in and around Minnesota and a salary history chart that shows how the average salary for insurance agents has changed over time in Minnesota.
Highest Paying Companies For Insurance Agents In Minnesota
This chart shows how insurance agent salaries compare at nearby companies. To view companies in a different region, use the location filter below to select a city or state.
Highest Paying Companies For Insurance Agents In Minnesota
| Rank | Company | Average Salary | Hourly Rate | Job Opening |
|---|---|---|---|---|
| 1 | Z Capital Group | $128,500 | $62 | 12 |
| 2 | Golden Rule Insurance Company | $100,292 | $48 | - |
| 3 | Cognizant | $92,132 | $44 | - |
| 4 | InfosysPublicService | $88,479 | $43 | - |
| 5 | Aflac | $78,524 | $38 | 7 |
| 6 | Globe Life | $75,211 | $36 | 1 |
| 7 | Combined Insurance | $73,835 | $36 | 2 |
| 8 | New York Life Insurance | $67,507 | $32 | 30 |
| 9 | Family First Life | $66,221 | $32 | 150 |
| 10 | Anthem | $61,233 | $29 | - |
| 11 | Integrated Resources | $58,783 | $28 | - |
| 12 | United Insurance Company of America | $58,763 | $28 | - |
| 13 | PMA USA | $58,574 | $28 | - |
| 14 | Richmond American Homes | $58,341 | $28 | 4 |
| 15 | MassMutual | $58,129 | $28 | 1 |
| 16 | Symmetry Financial Group | $57,561 | $28 | 54 |
| 17 | PEAK6 | $56,820 | $27 | 6 |
| 18 | Liberty Mutual Insurance | $55,762 | $27 | 403 |
| 19 | Mcgriff, Seibels & Williams | $55,451 | $27 | - |
| 20 | HealthMarkets | $55,383 | $27 | 1,916 |
Highest Paying Cities In Minnesota For Insurance Agents
Location can have a major impact on how much insurance agents get paid. This chart shows how insurance agent salaries can vary depending on where they're located in Minnesota.
| Rank | Location | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | Winona, MN | $51,036 | $25 |
| 2 | Rochester, MN | $51,033 | $25 |
| 3 | Owatonna, MN | $50,989 | $25 |
| 4 | Mankato, MN | $50,938 | $24 |
| 5 | Lakeville, MN | $50,597 | $24 |
| 6 | Prior Lake, MN | $50,560 | $24 |
| 7 | Apple Valley, MN | $50,554 | $24 |
| 8 | Savage, MN | $50,536 | $24 |
| 9 | Burnsville, MN | $50,528 | $24 |
| 10 | Shakopee, MN | $50,502 | $24 |
| 11 | Cottage Grove, MN | $50,488 | $24 |
| 12 | Chaska, MN | $50,487 | $24 |
| 13 | Eagan, MN | $50,486 | $24 |
| 14 | Inver Grove Heights, MN | $50,480 | $24 |
| 15 | Bloomington, MN | $50,474 | $24 |
| 16 | Eden Prairie, MN | $50,454 | $24 |
| 17 | Chanhassen, MN | $50,448 | $24 |
| 18 | Richfield, MN | $50,436 | $24 |
| 19 | Edina, MN | $50,425 | $24 |
| 20 | Minnetonka, MN | $50,405 | $24 |
Average Insurance Agent Pay By Industry In Minnesota
The salary for an insurance agent can vary depending on what industry the job is in. Here is a breakdown of the average pay across different industries that insurance agents work in.
Highest Paying Industries in Minnesota
| Rank | Industry | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | Finance | $49,448 | $24 |
| 2 | Insurance | $49,143 | $24 |
| 3 | Professional | $38,757 | $19 |
Average Insurance Agent Salary Over Time In Minnesota
Compare the average insurance agent salary history for individual cities or states with the national average.
Average Insurance Agent Salary In Minnesota By Year
| Year | Average Insurance Agent Salary In Minnesota | Average Insurance Agent Salary In The US |
|---|---|---|
| 2023 | $50,300 | $51,900 |
| 2022 | $49,800 | $50,700 |
| 2021 | $50,300 | $50,400 |
| 2020 | $52,000 | $49,500 |
| 2019 | $50,900 | $49,800 |
Real Insurance Agent Salaries Around Minnesota
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| Symmetry Financial Group | Virtual Insurance Agent | Rochester, MN | 11/25/2022 | $78,263 |
| State Auto | Insurance Agent (Base + Uncapped Commissions, 5K Licensed Bonus) | Edina, MN | 11/25/2022 | $65,000 |
| Liberty Mutual Insurance | Insurance Agent (Base + Uncapped Commissions, 5K Licensed Bonus) | Minneapolis, MN | 11/20/2022 | $65,000 |
| Jerry | Remote Insurance Agent | Minneapolis, MN | 11/17/2022 | $40,000 |
| Liberty Mutual Insurance | Insurance Agent (Base + Uncapped Commissions, 5K Licensed Bonus) | Edina, MN | 11/12/2022 | $65,000 |
| PMA USA | Insurance Agent | Worthington, MN | 11/12/2022 | $20,870 |
| Symmetry Financial Group | Virtual Insurance Agent | Rochester, MN | 11/10/2022 | $78,263 |
| Country Financial | Insurance Agent | Saint Paul, MN | 11/08/2022 | $80,000 |
| Country Financial | Insurance Agent | Saint Paul, MN | 11/08/2022 | $80,000 |
| Penmac Staffing | Insurance Agent | Little Falls, MN | 11/01/2022 | $45,914 |
Browse Insurance Agent Salaries in Minnesota By City
Insurance Agent Salaries In Minnesota FAQs
What Is The Salary Range For An Insurance Agent In Minnesota?
What Is A Liveable Salary In Minnesota?
What Is A Good Salary In Minnesota?
What Is A Good Salary For An Insurance Agent In Minnesota?
What Is An Insurance Agent's Salary In Minnesota?
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $79,000 | $6,583 | $38 |
| 80th Percentile | $72,750 | $6,062 | $35 |
| 70th Percentile | $66,500 | $5,541 | $32 |
| 60th Percentile | $60,250 | $5,020 | $29 |
| Average | $54,000 | $4,500 | $26 |
| 40th Percentile | $47,750 | $3,979 | $23 |
| 30th Percentile | $41,500 | $3,458 | $20 |
| 20th Percentile | $35,250 | $2,937 | $17 |
| 10th Percentile | $29,000 | $2,416 | $14 |