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Insurance Broker Salary

Average Yearly Salary
Updated May 18, 2020
$101,000
$83,000
$101,000
$122,000
Insurance brokers in the United States make an average salary of $101,322 per year or $48.71 per hour. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $83,000 a year, while the top 10% makes $123,000. As most things go, location can be critical. Washington, Idaho, Arizona, Nevada, and Wyoming provide the highest insurance broker salaries.
Best Paying Cities
Wichita, KS
$106,743
New York, NY
$103,434
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Map of Insurance Broker Salaries

The darker areas on the map show where Insurance Brokers earn the highest salaries across all 50 states.

Average Salary

Average Insurance Broker Salary By Location

While an insurance broker can average a salary of $101,322 per year, or $48.71 per hour, there are many opportunities for insurance brokers to make more. For example, in Scottsdale, AZ you might make $114,038 per year. Other high-paying locations include Wichita, KS, New York, NY and Denver, CO. If you're in an entry-level position, your best bet is to move to Scottsdale, AZ where the average starting salary is $82,000. The highest paying states for insurance brokers include Washington, Idaho and Arizona. Meanwhile, Ohio, Nebraska, and Arkansas offer the lowest salaries.

City
Average Salary
Scottsdale, AZ
Scottsdale, AZ
$114,038
$114k
Wichita, KS
Wichita, KS
$106,743
$107k
New York, NY
New York, NY
$103,434
$103k
Denver, CO
Denver, CO
$100,546
$101k
Des Moines, IA
Des Moines, IA
$96,847
$97k
Chicago, IL
Chicago, IL
$94,922
$95k
Sandy, UT
Sandy, UT
$94,690
$95k
Orlando, FL
Orlando, FL
$93,314
$93k
Salem, VA
Salem, VA
$90,260
$90k
Pittsburgh, PA
Pittsburgh, PA
$89,302
$89k

High Paying Insurance Broker Jobs

Average Insurance Broker Salary By Company

If you insist on knowing when your check is going to come and for how much, then you'd be better off working for companies like Insurance and Aon as they offer the highest salaries for insurance brokers.

Company
Average Salary
$109,400
$109k
$98,009
$98k

The largest raises come from changing jobs.

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Insurance Broker Salary History

Compare salaries for individual cities or states with the national average.

    Average Insurance Broker Pay By Industry

    The salary for an insurance broker can vary depending on what industry the job is in. The highest salaries for insurance brokers tend to be found in manufacturing, professional, and insurance companies. In fact, insurance brokers can make a yearly salary of $110,644 while working for manufacturing companies.

    Industry
    Average Salary
    Manufacturing
    Manufacturing
    $110,644
    $111k
    Professional
    Professional
    $108,461
    $108k
    Insurance
    Insurance
    $101,072
    $101k
    Finance
    Finance
    $89,267
    $89k

    Insurance Broker Salary By Experience Level

    The salary for an insurance broker can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

    Recently Added Insurance Broker Salaries

    CompanyJobLocationDate AddedSalary
    Floss Bar
    Floss Bar
    Insurance Broker/Channel Sales
    Insurance Broker/Channel Sales
    Insurance Broker/Channel Sales
    New York, NY
    New York, NY
    10/17/2020
    10/17/2020
    $40,000
    $40,000
    10/17/2020
    Futurity First Insurance Group
    Futurity First Insurance Group
    Insurance Broker
    Insurance Broker
    Insurance Broker
    Nashville, TN
    Nashville, TN
    09/21/2020
    09/21/2020
    $100,000
    $100,000
    09/21/2020
    Futurity First Insurance Group
    Futurity First Insurance Group
    Insurance Broker
    Insurance Broker
    Insurance Broker
    Medford, OR
    Medford, OR
    09/21/2020
    09/21/2020
    $100,000
    $100,000
    09/21/2020
    Futurity First Insurance Group
    Futurity First Insurance Group
    Insurance Broker
    Insurance Broker
    Insurance Broker
    San Antonio, TX
    San Antonio, TX
    09/21/2020
    09/21/2020
    $100,000
    $100,000
    09/21/2020
    Futurity First Insurance Group
    Futurity First Insurance Group
    Insurance Broker
    Insurance Broker
    Insurance Broker
    Scottsdale, AZ
    Scottsdale, AZ
    09/21/2020
    09/21/2020
    $100,000
    $100,000
    09/21/2020
    Futurity First Insurance Group
    Futurity First Insurance Group
    Insurance Broker
    Insurance Broker
    Insurance Broker
    Salem, VA
    Salem, VA
    09/21/2020
    09/21/2020
    $100,000
    $100,000
    09/21/2020
    Futurity First Insurance Group
    Futurity First Insurance Group
    Insurance Broker
    Insurance Broker
    Insurance Broker
    Denver, CO
    Denver, CO
    09/21/2020
    09/21/2020
    $100,000
    $100,000
    09/21/2020
    Futurity First Insurance Group
    Futurity First Insurance Group
    Insurance Broker
    Insurance Broker
    Insurance Broker
    Oakbrook Terrace, IL
    Oakbrook Terrace, IL
    09/21/2020
    09/21/2020
    $100,000
    $100,000
    09/21/2020
    Futurity First Insurance Group
    Futurity First Insurance Group
    Insurance Broker
    Insurance Broker
    Insurance Broker
    Wichita, KS
    Wichita, KS
    09/21/2020
    09/21/2020
    $100,000
    $100,000
    09/21/2020
    Futurity First Insurance Group
    Futurity First Insurance Group
    Insurance Broker
    Insurance Broker
    Insurance Broker
    Marlton, NJ
    Marlton, NJ
    09/21/2020
    09/21/2020
    $100,000
    $100,000
    09/21/2020