Insurance Sales Agent Salary

Updated April 6, 2023

Insurance Sales Agent Salary Estimate

$49,587

$23.84 hourly

Entry level Salary

$30,000 yearly

$30,00010%

$49,587Median

$80,00090%

How much does an Insurance Sales Agent make?

The average salary for an insurance sales agent in the United States is $49,587. Insurance sales agent salaries typically range between $30,000 and $80,000 a year. The average hourly rate for insurance sales agents is $23.84 per hour.

Location, education, and experience impacts how much an insurance sales agent can expect to make. Insurance sales agents make the most in Hawaii, New York, California, Alabama, and New Hampshire.

Research Summary.

The average salary for an insurance sales agent is $49,587 in the US.
The average insurance sales agent salary ranges between $30,000 and $80,000 in the US.
Hourly rates for insurance sales agents in the US typically range between $14 and $38 an hour.
The average insurance sales agent salary is $79,606 in Hawaii, $64,958 in New York, and $60,721 in California. These are the three highest-paying states for insurance sales agents in the US.
Torchmark has the highest average salary for insurance sales agents.
Finance is the highest-paying industry for insurance sales agents in the US.

Highest Paying States For Insurance Sales Agents

While an insurance sales agent can average a salary of $49,587 per year, or $23.84 per hour, there are many opportunities for insurance sales agents to make more. For example, in New York, NY you might make $65,234 per year. Other high-paying locations include Mobile, AL, Los Angeles, CA and Portland, OR. If you're in an entry-level position, your best bet is to move to New York, NY where the average starting salary is $37,000. The highest paying states for insurance sales agents include Hawaii, New York and California. Meanwhile, Michigan, Maryland, and Oklahoma offer the lowest salaries.

State View
County View

Average Salary:

Insurance Sales Agent average salary by State

Rank	State	Avg. Salary	Hourly Rate	Job Count
1	Hawaii	$79,606	$38.27	94
2	Alabama	$59,659	$28.68	510
3	Oregon	$56,575	$27.20	610
4	New Hampshire	$57,568	$27.68	209
5	Arizona	$53,790	$25.86	1,011
6	New York	$64,958	$31.23	1,286
7	Nebraska	$51,660	$24.84	345
8	Rhode Island	$53,906	$25.92	168
9	Louisiana	$52,333	$25.16	495
10	Colorado	$55,935	$26.89	761
11	Texas	$53,530	$25.74	2,303
12	Mississippi	$50,154	$24.11	318
13	California	$60,721	$29.19	2,938
14	Wisconsin	$53,165	$25.56	564
15	Connecticut	$57,232	$27.52	323
16	South Dakota	$50,513	$24.29	145
17	Florida	$52,206	$25.10	1,875
18	Massachusetts	$54,473	$26.19	1,040
19	Vermont	$49,213	$23.66	143
20	Ohio	$48,231	$23.19	1,457
21	Arkansas	$48,297	$23.22	341
22	Missouri	$48,917	$23.52	931
23	Washington	$54,433	$26.17	653
24	Kansas	$49,037	$23.58	301
25	Minnesota	$51,399	$24.71	554
26	Iowa	$47,422	$22.80	466
27	Nevada	$47,823	$22.99	299
28	District of Columbia	$56,845	$27.33	93
29	North Dakota	$47,409	$22.79	108
30	Pennsylvania	$47,092	$22.64	1,646
31	Wyoming	$46,049	$22.14	100
32	Maine	$48,996	$23.56	120
33	Tennessee	$45,435	$21.84	830
34	South Carolina	$48,310	$23.23	492
35	New Jersey	$51,084	$24.56	699
36	Idaho	$46,625	$22.42	203
37	Delaware	$46,010	$22.12	179
38	Indiana	$46,422	$22.32	636
39	Georgia	$47,436	$22.81	897
40	Michigan	$44,904	$21.59	1,010
41	North Carolina	$47,383	$22.78	653
42	Utah	$43,417	$20.87	491
43	New Mexico	$45,659	$21.95	201
44	Oklahoma	$44,279	$21.29	367
45	Montana	$40,945	$19.69	182
46	Alaska	$45,017	$21.64	71
47	Kentucky	$45,866	$22.05	199
48	Illinois	$45,017	$21.64	1,151
49	Virginia	$44,916	$21.59	708
50	Maryland	$44,776	$21.53	501
51	West Virginia	$40,467	$19.46	125

Highest Paying Cities For Insurance Sales Agents

Rank	City	Avg. Salary	Hourly Rate	Job Count
1	New York, NY	$65,234	$31.36	4
2	Mobile, AL	$61,938	$29.78	2
3	Los Angeles, CA	$61,364	$29.50	2
4	Portland, OR	$55,959	$26.90	2
5	Denver, CO	$55,710	$26.78	6
6	San Antonio, TX	$55,221	$26.55	11
7	Seattle, WA	$54,390	$26.15	4
8	Miami, FL	$53,809	$25.87	6
9	Chandler, AZ	$53,709	$25.82
10	Madison, WI	$53,099	$25.53	2
11	Baton Rouge, LA	$52,517	$25.25	3
12	Omaha, NE	$51,523	$24.77	6
13	Madison, MS	$50,176	$24.12	2
14	Springfield, MO	$50,026	$24.05	1
15	Wichita, KS	$49,791	$23.94	4

Here Are The Five Most In Demand Cities Right Now:

Insurance Sales Agent Salary by Years of Experience

The salary for an insurance sales agent can vary depending on the years of experience that a person has, from entry level to senior level. An accountant with 0-2 years of experience earns an average salary of $29,723, a mid-career professional with 3-6 years of experience makes $49,587 a year on average, and a senior level accountant with 7-12 years of experience enjoys an average annual salary of $57,914. 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.

Insurance Sales Agent Salary By Experience Level

Experience Level	Avg. Salary	Hourly Rate
Entry Level	$29,700	$14.29
Mid Level	$50,800	$24.44
Senior Level	$57,900	$27.84

Insurance Sales Agents Salary Details

Average Insurance Sales Agent Salary Graph, Trends, and Summary

What is an Insurance Sales Agent's Salary?

Percentile	Annual Salary	Monthly Salary	Hourly Rate
90th Percentile	$80,000	$6,667	$38
75th Percentile	$63,000	$5,250	$30
Average	$49,587	$4,132	$24
25th Percentile	$38,000	$3,167	$18
10th Percentile	$30,000	$2,500	$14

Highest Paying Types of Insurance Sales Agents

Job Title	Annual Salary	Monthly Salary	Hourly Rate	Job Openings
Agent	$37,864	$3,155	$18.20	184,325
Marketing Agent	$40,384	$3,365	$19.42	112,353
Sales Producer	$51,287	$4,274	$24.66	41,951
Lead Agent	$47,344	$3,945	$22.76	56,112
Licensed Insurance Producer	$66,026	$5,502	$31.74	54,872
Licensed Agent	$42,315	$3,526	$20.34	68,666

Here are the five companies hiring the most now:

Which Companies Pay Insurance Sales Agents The Most?

The highest paying companies for insurance sales agents are Torchmark and Family First Life according to our most recent salary estimates. In addition, companies like Anthem and TCG Digital report highly competitive wages for insurance sales agents.

Rank	Company	Average Salary	Hourly Rate	Job Openings
1	Globe Life	$65,335	$31.41	6
2	Family First Life	$63,290	$30.43	156
3	Anthem	$61,278	$29.46
4	TCG Digital	$60,325	$29.00
5	PEAK6	$58,134	$27.95
6	AssuredPartners	$55,930	$26.89	14
7	New York Life Insurance	$55,740	$26.80	37
8	Goosehead Insurance	$55,511	$26.69
9	Chambers Group	$55,260	$26.57
10	American Baptist Churches USA	$55,078	$26.48
11	MGC	$54,944	$26.42
12	Symmetry Financial Group	$54,691	$26.29	39
13	Ideal Concepts	$54,557	$26.23	13
14	Strata	$54,282	$26.10
15	Willis of New York Inc	$54,198	$26.06
16	CoVerica Insurance	$54,048	$25.98	1
17	Rubicon	$54,015	$25.97
18	Farm Bureau Financial Services	$54,004	$25.96	18
19	HealthMarkets	$53,751	$25.84	11
20	First Title Agency, Inc.	$53,554	$25.75

How Much Do Insurance Sales Agents Make In Different Industries?

Here are some examples of how much an insurance sales agent salaries can based on different industries:

The finance industry pays insurance sales agents an average salary of $46,564
The insurance industry pay $44,659
The lowest paying industry for insurance sales agents is the professional industry. Insurance sales agents in this industry earn an average salary of $41,957

Highest Paying Industries For Insurance Sales Agents

Rank	Industry	Average Salary	Hourly Rate
1	Finance	$46,564	$22.39
2	Insurance	$44,659	$21.47
3	Retail	$44,371	$21.33
4	Agriculture	$44,217	$21.26
5	Professional	$41,957	$20.17

High Paying Insurance Sales Agent Jobs

Insurance Sales Agent Pay Trends

Average Insurance Sales Agent Salary Over Time

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

Insurance Sales Agent Salary By Year

Year	Avg. Salary	Hourly Rate	% Change
2023	$49,600	$23.84	+2.4%
2022	$48,400	$23.27	+0.7%
2021	$48,100	$23.12	+1.8%
2020	$47,200	$22.71	-0.6%
2019	$47,500	$22.84	+3.6%

Recently Added Insurance Sales Agent Salaries

Company	Job	Location	Date Added	Salary
Anthony Thomas State Farm Insurance Agency	Licensed Insurance Sales Agent	Baltimore, MD	05/02/2023	$38,000
The Vanderpol Agency	Insurance Sales Agent	Olathe, KS	05/02/2023	$60,000
RML Family Agency	Insurance Sales Agents [Remote]	Hagerstown, MD	05/02/2023	$100,000
New York Life-Lafayette Team	Insurance Sales Agent	Lafayette, LA	05/02/2023	$70,000
RML Family Agency	Insurance Sales Agents [Remote] Rock Hill, South Carolina	Rock Hill, SC	05/02/2023	$100,000
Right Way Insurance Group	Health Insurance Sales Agent	Maitland, FL	05/02/2023	$85,000
Fernandez Agency, LLC	Licensed Insurance Sales Agent	Choctaw, OK	05/02/2023	$30,000
RML Family Agency	Insurance Sales Agents [Remote]	Philadelphia, PA	05/02/2023	$100,000
The Vanderpol Agency	Insurance Sales Agent	Independence, MO	05/02/2023	$60,000
RML Family Agency	Insurance Sales Agents [Remote] Charlotte, North Carolina	Charlotte, NC	05/02/2023	$100,000

Insurance Sales Agent Salaries FAQs

What State Pays Insurance Sales Agents The Most?

Hawaii pays Insurance Sales Agents the most in the United States, with an average salary of $79,606 per year, or $38.27 per hour.

How Do I Know If I'm Being Paid Fairly As An Insurance Sales Agent?

You know if you are being paid fairly as an Insurance Sales Agent if your pay is close to the average pay for the state you live in. For example, if you live in New York you should be paid close to $64,958 per year.

Have more questions? See all answers to common sales questions.

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Updated April 6, 2023