Working as an Insurance Broker

There is more than meets the eye when it comes to being an insurance broker. For example, did you know that they make an average of $48.71 an hour? That's $101,322 a year!

Between 2018 and 2028, the career is expected to grow 10% and produce 48,300 job opportunities across the U.S.

What Does an Insurance Broker Do

There are certain skills that many insurance brokers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, initiative and communication skills.

When it comes to the most important skills required to be an insurance broker, we found that a lot of resumes listed 15.6% of insurance brokers included potential clients, while 11.6% of resumes included life insurance, and 10.1% of resumes included insurance companies. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

How To Become an Insurance Broker

If you're interested in becoming an insurance broker, one of the first things to consider is how much education you need. We've determined that 50.3% of insurance brokers have a bachelor's degree. In terms of higher education levels, we found that 10.3% of insurance brokers have master's degrees. Even though most insurance brokers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an insurance broker. When we researched the most common majors for an insurance broker, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on insurance broker resumes include high school diploma degrees or master's degree degrees.

You may find that experience in other jobs will help you become an insurance broker. In fact, many insurance broker jobs require experience in a role such as insurance agent. Meanwhile, many insurance brokers also have previous career experience in roles such as customer service representative or sales representative.

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Average Salary$101,322
Job Growth Rate10%

Insurance Broker Jobs

Insurance Broker Career Paths

Top Careers Before Insurance Broker
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Top Careers After Insurance Broker
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What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Insurance Broker

Insurance Brokers in America make an average salary of $101,322 per year or $49 per hour. The top 10 percent makes over $123,000 per year, while the bottom 10 percent under $83,000 per year.
Average Salary
$101,322

Best Paying Cities

City
Average Salary

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Insurance Broker
Insurance Broker
Futurity First Insurance Group
Futurity First Insurance Group
07/29/2020
07/29/2020
$100,00007/29/2020
$100,000
Insurance Broker
Insurance Broker
Futurity First Insurance Group
Futurity First Insurance Group
07/29/2020
07/29/2020
$100,00007/29/2020
$100,000
Insurance Broker
Insurance Broker
Futurity First Insurance Group
Futurity First Insurance Group
07/29/2020
07/29/2020
$100,00007/29/2020
$100,000
Insurance Broker
Insurance Broker
Futurity First Insurance Group
Futurity First Insurance Group
07/29/2020
07/29/2020
$100,00007/29/2020
$100,000
Virtual Insurance Broker
Virtual Insurance Broker
Liberty Mutual
Liberty Mutual
06/20/2020
06/20/2020
$65,00006/20/2020
$65,000
See More Recent Salaries

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Insurance Broker Demographics

Gender

Male

58.7 %

Female

37.0 %

Unknown

4.3 %
Ethnicity

White

59.9 %

Hispanic or Latino

18.5 %

Black or African American

10.9 %
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Foreign Languages Spoken

Spanish

57.9 %

French

8.6 %

German

5.6 %
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Insurance Broker Education

Schools

Liberty University

8.5 %

Strayer University

7.3 %

Arizona State University

6.7 %

University of South Florida

6.1 %
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Majors

Business

31.5 %

Insurance

8.5 %

Finance

6.9 %

Marketing

6.2 %
Show More
Degrees

Bachelors

50.3 %

Associate

13.7 %

High School Diploma

11.9 %

Masters

10.3 %
Show More

Entry Level Jobs For Becoming An Insurance Broker

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For an Insurance Broker

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 15.6% of insurance brokers listed potential clients on their resume, but soft skills such as analytical skills and initiative are important as well.

Best States For an Insurance Broker

Some places are better than others when it comes to starting a career as an insurance broker. The best states for people in this position are Washington, Idaho, Arizona, and Nevada. Insurance brokers make the most in Washington with an average salary of $115,965. Whereas in Idaho and Arizona, they would average $114,313 and $113,421, respectively. While insurance brokers would only make an average of $105,863 in Nevada, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Idaho

Total Insurance Broker Jobs:
110
Highest 10% Earn:
$152,000
Location Quotient:
2.71
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Wyoming

Total Insurance Broker Jobs:
100
Highest 10% Earn:
$151,000
Location Quotient:
5.55
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Alabama

Total Insurance Broker Jobs:
218
Highest 10% Earn:
$178,000
Location Quotient:
1.76
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Insurance Broker Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming an insurance broker. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

At Zippia, we went through countless insurance broker resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Write an Insurance Broker Resume

At Zippia, we went through countless insurance broker resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

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Top Insurance Broker Employers

1. Freeway Insurance Services
4.1
Avg. Salary: 
$45,960
Insurance Brokers Hired: 
91+
2. Cost-U-Less
4.0
Avg. Salary: 
$44,904
Insurance Brokers Hired: 
51+
3. National Agents Alliance
4.2
Avg. Salary: 
$89,661
Insurance Brokers Hired: 
37+
4. Aflac
4.6
Avg. Salary: 
$69,840
Insurance Brokers Hired: 
31+
5. HealthMarkets
4.6
Avg. Salary: 
$66,347
Insurance Brokers Hired: 
29+
6. Primerica
4.3
Avg. Salary: 
$73,297
Insurance Brokers Hired: 
24+

Insurance Broker Videos

Recently Added Insurance Broker Jobs

Updated October 2, 2020