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Insurance broker salary
Average insurance broker salary
$94,006
Understanding Insurance Broker Salaries
As of October 2025, the average salary for an Insurance Broker is $94,006 annually. This figure reflects the compensation for professionals in various sectors, highlighting the diverse opportunities available in this career. Factors influencing salary include geographical location, years of experience, and specific industry focus.
Salary by State
Insurance brokers in states like New York and California often earn higher salaries, with averages exceeding $100,000. Conversely, brokers in less populated states may see lower figures, typically ranging from $70,000 to $85,000. Understanding these differences can help job seekers target regions that align with their salary expectations.
Experience Matters
Entry-level brokers typically start with salaries around $50,000, while those with over ten years of experience can command upwards of $120,000. Continuous professional development and networking can significantly impact an insurance broker's earning potential.
Career Growth Opportunities
With the insurance industry continuously evolving, brokers have opportunities to specialize in high-demand areas such as commercial insurance, health insurance, and risk management. This specialization can lead to increased salaries and job security.
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Where can an Insurance Broker earn more?
Insurance broker salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level insurance broker | $56,300 | $27.09 |
| Mid-level insurance broker | $96,400 | $46.34 |
| Senior-level insurance broker | $110,000 | $52.79 |
Insurance broker salary estimates from across the web
Average insurance broker salary by state
The highest-paying states for insurance brokers are Washington, Wisconsin, and South Dakota. The lowest average insurance broker salary states are Oklahoma, Michigan, and New Mexico.
- State view
- County view
Highest paying states for insurance brokers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | South Dakota | $104,010 | $50.00 |
| 2 | North Dakota | $96,483 | $46.39 |
| 3 | Alabama | $100,213 | $48.18 |
| 4 | Rhode Island | $98,976 | $47.58 |
| 5 | Wyoming | $93,243 | $44.83 |
| 6 | Montana | $91,824 | $44.15 |
| 7 | Wisconsin | $107,840 | $51.85 |
| 8 | Washington | $109,320 | $52.56 |
| 9 | Oregon | $97,042 | $46.65 |
| 10 | Nebraska | $94,213 | $45.29 |
| 11 | New Hampshire | $102,380 | $49.22 |
| 12 | Delaware | $89,923 | $43.23 |
| 13 | Minnesota | $89,970 | $43.25 |
| 14 | Massachusetts | $100,119 | $48.13 |
| 15 | Tennessee | $82,470 | $39.65 |
| 16 | Iowa | $84,306 | $40.53 |
| 17 | District of Columbia | $107,465 | $51.67 |
| 18 | Mississippi | $81,246 | $39.06 |
| 19 | Indiana | $89,270 | $42.92 |
| 20 | Maine | $86,930 | $41.79 |
| 21 | Vermont | $84,628 | $40.69 |
| 22 | Kentucky | $83,256 | $40.03 |
| 23 | Idaho | $81,947 | $39.40 |
| 24 | Arkansas | $81,643 | $39.25 |
| 25 | North Carolina | $87,740 | $42.18 |
| 26 | Alaska | $83,094 | $39.95 |
| 27 | Illinois | $86,913 | $41.79 |
| 28 | New Jersey | $92,124 | $44.29 |
| 29 | Connecticut | $90,214 | $43.37 |
| 30 | South Carolina | $81,803 | $39.33 |
| 31 | Colorado | $82,181 | $39.51 |
| 32 | Kansas | $80,581 | $38.74 |
| 33 | Louisiana | $75,356 | $36.23 |
| 34 | Ohio | $80,586 | $38.74 |
| 35 | California | $87,807 | $42.21 |
| 36 | Missouri | $81,638 | $39.25 |
| 37 | Arizona | $79,785 | $38.36 |
| 38 | Nevada | $75,023 | $36.07 |
| 39 | West Virginia | $74,266 | $35.70 |
| 40 | New York | $84,820 | $40.78 |
| 41 | Pennsylvania | $79,511 | $38.23 |
| 42 | Texas | $76,871 | $36.96 |
| 43 | Maryland | $84,586 | $40.67 |
| 44 | Utah | $74,542 | $35.84 |
| 45 | Oklahoma | $73,423 | $35.30 |
| 46 | Hawaii | $55,820 | $26.84 |
| 47 | Georgia | $75,351 | $36.23 |
| 48 | New Mexico | $70,150 | $33.73 |
| 49 | Michigan | $70,787 | $34.03 |
| 50 | Florida | $53,551 | $25.75 |
| 51 | Virginia | $66,856 | $32.14 |
Highest paying cities for insurance brokers
The highest-paying cities for insurance brokers are Birmingham, AL, Medford, OR, and Lincoln, NE.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Birmingham, AL | $101,259 | $48.68 |
| 2 | Medford, OR | $100,860 | $48.49 |
| 3 | Lincoln, NE | $94,600 | $45.48 |
| 4 | Minneapolis, MN | $90,165 | $43.35 |
| 5 | Indianapolis, IN | $89,737 | $43.14 |
| 6 | Charlotte, NC | $86,993 | $41.82 |
| 7 | Chicago, IL | $86,957 | $41.81 |
| 8 | New York, NY | $85,316 | $41.02 |
| 9 | Glendale, CA | $85,298 | $41.01 |
| 10 | Des Moines, IA | $84,261 | $40.51 |
| 11 | Columbia, SC | $82,494 | $39.66 |
| 12 | Colorado Springs, CO | $82,424 | $39.63 |
| 13 | Saint Louis, MO | $82,402 | $39.62 |
| 14 | Columbus, OH | $81,298 | $39.09 |
| 15 | Memphis, TN | $81,009 | $38.95 |
| 16 | Scottsdale, AZ | $80,243 | $38.58 |
| 17 | Wichita, KS | $79,497 | $38.22 |
| 18 | Arlington, TX | $78,657 | $37.82 |
| 19 | Pittsburgh, PA | $78,631 | $37.80 |
| 20 | Alpharetta, GA | $76,280 | $36.67 |
Insurance broker salary details
An insurance broker's salary ranges from $62,000 a year at the 10th percentile to $141,000 at the 90th percentile.
What is an insurance broker's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $141,000 | $11,750 | $68 |
| 75th Percentile | $116,000 | $9,667 | $56 |
| Average | $94,006 | $7,834 | $45 |
| 25th Percentile | $75,000 | $6,250 | $36 |
| 10th Percentile | $62,000 | $5,167 | $30 |
Highest paying insurance broker jobs
The highest paying types of insurance brokers are broker, licensed insurance producer, and insurance producer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Geek Squad Agent | $31,924 | $2,660 | $15.35 | 28,603 |
| Field Agent | $37,324 | $3,110 | $17.94 | 96,067 |
| Lead Agent | $47,344 | $3,945 | $22.76 | 56,112 |
| Agent | $37,864 | $3,155 | $18.20 | 184,325 |
| Marketing Agent | $40,384 | $3,365 | $19.42 | 112,353 |
| Licensed Agent | $42,315 | $3,526 | $20.34 | 68,666 |
Top companies hiring insurance brokers now:
Which companies pay insurance brokers the most?
Insurance broker salaries at Liberty Mutual Insurance and New York Life Insurance are the highest-paying according to our most recent salary estimates. In addition, the average insurance broker salary at companies like Family First Life and Criterion Executive Search are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Liberty Mutual Insurance | $105,486 | $50.71 |
| 2 | New York Life Insurance | $97,721 | $46.98 |
| 3 | Family First Life | $96,506 | $46.40 |
| 4 | Criterion Executive Search | $89,059 | $42.82 |
| 5 | Gallagher | $82,912 | $39.86 |
| 6 | Symmetry Financial Group | $72,225 | $34.72 |
| 7 | Hylant | $72,039 | $34.63 |
| 8 | Arthur J. Gallagher & Co. Human Resources & Compensation Consulting Practice (formerly Companalysis) | $71,193 | $34.23 |
| 9 | York International Agency | $70,804 | $34.04 |
| 10 | Asurea | $70,524 | $33.91 |
| 11 | The Jonus Group | $70,429 | $33.86 |
| 12 | EPIC Insurance Brokers & Consultants | $69,834 | $33.57 |
| 13 | Compass Health | $63,710 | $30.63 |
| 14 | Brightway Insurance | $50,306 | $24.19 |
Wage gap by gender, race and education
Insurance broker salary trends
The average insurance broker salary has risen by $8,521 over the last ten years. In 2014, the average insurance broker earned $85,485 annually, but today, they earn $94,006 a year. That works out to a 4% change in pay for insurance brokers over the last decade.
Compare insurance broker salaries for cities or states with the national average over time.
Average insurance broker salary over time
Compare insurance broker salaries for individual cities or states with the national average.
Insurance broker salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $94,000 | $45.20 | +2.4% |
| 2025 | $91,800 | $44.12 | +0.7% |
| 2024 | $91,200 | $43.83 | +1.8% |
| 2023 | $89,600 | $43.06 | -0.6% |
| 2022 | $90,100 | $43.30 | +3.6% |
Recently added insurance broker salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Tyndall Insurance Group | Insurance Broker | Charleston, SC | 06/29/2025 | $70,000 |
| The Mires Agency | Insurance Broker | Oklahoma City, OK | 06/29/2025 | $65,000 |
| Get It-Real Estate | Wholesale Insurance Inside Broker-Remote | WFH | Middlecreek, PA | 06/29/2025 | $80,000 |
| Shinavar Agency | Life Insurance Broker | Fairfax, VA | 06/29/2025 | $84,000 |
| Quility | Remote Life Insurance Broker | Pine Bluff, AR | 06/27/2025 | $50,000 |
| Quility | Remote Life Insurance Broker | Gainesville, FL | 06/27/2025 | $50,000 |
| Quility | Remote Life Insurance Broker | Duncanville, TX | 06/27/2025 | $50,000 |
| Quility | Remote Life Insurance Broker | Mesa, AZ | 06/27/2025 | $50,000 |
| Tipton Agency | Insurance Broker Work From Home | Denver, CO | 06/25/2025 | $150,000 |
| Insurance Relief | Insurance Broker Associate-Orange County, CA (Multiple Openings) | Orange, CA | 06/24/2025 | $80,000 |
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