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Licensed insurance producer salary
Average licensed insurance producer salary
$66,026
Understanding the Licensed Insurance Producer Salary
The salary for a Licensed Insurance Producer typically sits at around $66,026 per year, translating to approximately $32 per hour. This figure reflects variations based on experience, geographic location, and specific job responsibilities.
Salary by Experience Level
Entry-level producers can expect to earn lower salaries, while experienced professionals in senior roles may command significantly higher compensation. For example, producers with five to ten years of experience often see their salaries rise to over $70,000 annually.
Top Paying States
Location plays a crucial role in salary determination. States like New York and California consistently report the highest salaries for licensed insurance producers, highlighting the importance of researching job opportunities in these areas.
Job Opportunities
In addition to competitive salaries, licensed insurance producers enjoy a variety of job opportunities across different sectors, including health, life, and auto insurance. As industries evolve, the demand for skilled producers continues to grow, making this a stable career choice.
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Where can a Licensed Insurance Producer earn more?
Licensed insurance producer salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level licensed insurance producer | $39,600 | $19.03 |
| Mid-level licensed insurance producer | $67,700 | $32.55 |
| Senior-level licensed insurance producer | $77,100 | $37.07 |
Licensed insurance producer salary estimates from across the web
Average licensed insurance producer salary by state
The highest-paying states for licensed insurance producers are Washington, Wisconsin, and Alaska. The lowest average licensed insurance producer salary states are West Virginia, Oklahoma, and Louisiana.
- State view
- County view
Highest paying states for licensed insurance producers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | North Dakota | $69,256 | $33.30 |
| 2 | Wisconsin | $75,503 | $36.30 |
| 3 | Washington | $76,456 | $36.76 |
| 4 | Alaska | $75,469 | $36.28 |
| 5 | Nebraska | $70,154 | $33.73 |
| 6 | Minnesota | $70,937 | $34.10 |
| 7 | Alabama | $69,466 | $33.40 |
| 8 | Oregon | $73,401 | $35.29 |
| 9 | South Dakota | $72,162 | $34.69 |
| 10 | Rhode Island | $73,629 | $35.40 |
| 11 | New Hampshire | $75,036 | $36.08 |
| 12 | District of Columbia | $81,199 | $39.04 |
| 13 | Michigan | $65,664 | $31.57 |
| 14 | Massachusetts | $75,261 | $36.18 |
| 15 | New York | $73,946 | $35.55 |
| 16 | Delaware | $65,208 | $31.35 |
| 17 | Indiana | $66,965 | $32.19 |
| 18 | Iowa | $61,734 | $29.68 |
| 19 | Illinois | $66,080 | $31.77 |
| 20 | Ohio | $66,577 | $32.01 |
| 21 | Connecticut | $70,089 | $33.70 |
| 22 | Maine | $65,599 | $31.54 |
| 23 | Wyoming | $63,022 | $30.30 |
| 24 | Montana | $63,384 | $30.47 |
| 25 | Arkansas | $59,325 | $28.52 |
| 26 | Pennsylvania | $64,892 | $31.20 |
| 27 | Vermont | $64,829 | $31.17 |
| 28 | Kansas | $59,952 | $28.82 |
| 29 | New Jersey | $70,387 | $33.84 |
| 30 | California | $66,463 | $31.95 |
| 31 | Texas | $61,049 | $29.35 |
| 32 | South Carolina | $62,882 | $30.23 |
| 33 | North Carolina | $60,988 | $29.32 |
| 34 | Colorado | $63,994 | $30.77 |
| 35 | Kentucky | $61,987 | $29.80 |
| 36 | Arizona | $60,585 | $29.13 |
| 37 | Mississippi | $59,657 | $28.68 |
| 38 | Nevada | $58,284 | $28.02 |
| 39 | Idaho | $57,440 | $27.62 |
| 40 | Missouri | $56,833 | $27.32 |
| 41 | Tennessee | $57,183 | $27.49 |
| 42 | Utah | $57,745 | $27.76 |
| 43 | Maryland | $64,033 | $30.79 |
| 44 | Hawaii | $58,203 | $27.98 |
| 45 | New Mexico | $54,545 | $26.22 |
| 46 | West Virginia | $56,231 | $27.03 |
| 47 | Louisiana | $55,710 | $26.78 |
| 48 | Virginia | $58,803 | $28.27 |
| 49 | Oklahoma | $55,731 | $26.79 |
| 50 | Georgia | $54,739 | $26.32 |
| 51 | Florida | $52,438 | $25.21 |
Highest paying cities for licensed insurance producers
The highest-paying cities for licensed insurance producers are Washington, DC, Seattle, WA, and Milwaukee, WI.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington, DC | $81,271 | $39.07 |
| 2 | Seattle, WA | $77,174 | $37.10 |
| 3 | Milwaukee, WI | $75,662 | $36.38 |
| 4 | Boston, MA | $75,239 | $36.17 |
| 5 | Manchester, NH | $75,077 | $36.09 |
| 6 | New York, NY | $74,110 | $35.63 |
| 7 | Portland, OR | $73,092 | $35.14 |
| 8 | Saint Paul, MN | $71,047 | $34.16 |
| 9 | Richmond, CA | $70,733 | $34.01 |
| 10 | Newark, NJ | $70,381 | $33.84 |
| 11 | Omaha, NE | $70,374 | $33.83 |
| 12 | Bridgeport, CT | $70,224 | $33.76 |
| 13 | Fargo, ND | $69,862 | $33.59 |
| 14 | Richmond, IN | $67,539 | $32.47 |
| 15 | Columbus, OH | $66,591 | $32.01 |
| 16 | Chicago, IL | $66,220 | $31.84 |
| 17 | Portland, ME | $66,129 | $31.79 |
| 18 | Detroit, MI | $65,846 | $31.66 |
| 19 | Wilmington, DE | $65,262 | $31.38 |
| 20 | Philadelphia, PA | $65,145 | $31.32 |
Licensed insurance producer salary details
A licensed insurance producer's salary ranges from $44,000 a year at the 10th percentile to $97,000 at the 90th percentile.
What is a licensed insurance producer's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $97,000 | $8,083 | $47 |
| 75th Percentile | $80,000 | $6,667 | $38 |
| Average | $66,026 | $5,502 | $32 |
| 25th Percentile | $53,000 | $4,417 | $25 |
| 10th Percentile | $44,000 | $3,667 | $21 |
Highest paying licensed insurance producer jobs
The highest paying types of licensed insurance producers are insurance broker, 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 |
| Agent | $37,864 | $3,155 | $18.20 | 184,325 |
| Marketing Agent | $40,384 | $3,365 | $19.42 | 112,353 |
| Field Agent | $37,324 | $3,110 | $17.94 | 96,067 |
| Lead Agent | $47,344 | $3,945 | $22.76 | 56,112 |
| Insurance Sales Representative | $61,386 | $5,115 | $29.51 | 201,879 |
Top companies hiring licensed insurance producers now:
Which companies pay licensed insurance producers the most?
Licensed insurance producer salaries at Berkshire Hathaway and S & L International are the highest-paying according to our most recent salary estimates. In addition, the average licensed insurance producer salary at companies like Alliance Co and Crum & Forster are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Berkshire Hathaway | $104,967 | $50.46 |
| 2 | S & L International | $72,675 | $34.94 |
| 3 | Alliance Co | $71,926 | $34.58 |
| 4 | Crum & Forster | $71,823 | $34.53 |
| 5 | Porch | $70,462 | $33.88 |
| 6 | Asurea | $67,774 | $32.58 |
| 7 | National Agents Alliance | $67,732 | $32.56 |
| 8 | Healthcare Solutions Team | $67,233 | $32.32 |
| 9 | SelectQuote Insurance Services | $65,647 | $31.56 |
| 10 | Assurance | $64,297 | $30.91 |
| 11 | Simplex Homes | $63,402 | $30.48 |
| 12 | Johnson Automotive | $63,051 | $30.31 |
| 13 | Concourse Hotel & Conference | $62,215 | $29.91 |
| 14 | Ibg Holdings LLC | $61,288 | $29.47 |
| 15 | Brown & Brown | $61,188 | $29.42 |
| 16 | EverQuote | $58,607 | $28.18 |
| 17 | Randstad North America, Inc. | $57,768 | $27.77 |
| 18 | National Indemnity | $51,204 | $24.62 |
| 19 | newton insurance | $50,596 | $24.32 |
| 20 | Concentrix | $49,090 | $23.60 |
Wage gap by gender, race and education
Licensed Insurance Producer salary by industry
The average licensed insurance producer salary varies across industries:
- The average licensed insurance producer salary in the finance industry is $60,870, the highest of any industry.
- The average licensed insurance producer salary in the finance industry is $59,678.
- Licensed insurance producers in the professional industry earn an average salary of $54,334, the lowest of any industry.
Highest paying industries for licensed insurance producers
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Finance | $60,870 | $29.26 |
| 2 | Insurance | $59,678 | $28.69 |
| 3 | Agriculture | $58,106 | $27.94 |
| 4 | Professional | $54,334 | $26.12 |
High paying licensed insurance producer jobs
Licensed insurance producer salary trends
The average licensed insurance producer salary has risen by $5,985 over the last ten years. In 2014, the average licensed insurance producer earned $60,041 annually, but today, they earn $66,026 a year. That works out to a 4% change in pay for licensed insurance producers over the last decade.
Compare licensed insurance producer salaries for cities or states with the national average over time.
Average licensed insurance producer salary over time
Compare licensed insurance producer salaries for individual cities or states with the national average.
Licensed insurance producer salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $66,000 | $31.74 | +2.4% |
| 2025 | $64,500 | $30.99 | +0.7% |
| 2024 | $64,000 | $30.78 | +1.8% |
| 2023 | $62,900 | $30.24 | -0.6% |
| 2022 | $63,300 | $30.41 | +3.6% |
Recently added licensed insurance producer salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Get It-Marketing | Licensed Insurance Sales-Remote | Corpus Christi, TX | 06/29/2025 | $55,000 |
| Get It-Marketing | Licensed Insurance Sales-Remote | WFH | Nashville, TN | 06/29/2025 | $27,000 |
| Get It-Marketing | Licensed Insurance Sales-Remote | WFH | Sacramento, CA | 06/29/2025 | $27,000 |
| Get It-Marketing | Licensed Insurance Sales-Remote | WFH | State College, PA | 06/29/2025 | $30,000 |
| Get It-Marketing | Licensed Insurance Sales-Remote | WFH | Corpus Christi, TX | 06/29/2025 | $55,000 |
| Roberto Montero-State Farm Agency | Bilingual Licensed Insurance-Spanish | Austin, TX | 06/20/2025 | $45,000 |
| Chubb | Chubb Insurance Professional Program-Greater NYC, August 2025 | Jersey City, NJ | 06/17/2025 | $60,000 |
| A-Max Auto Insurance Master | Licensed Insurance Producer-Riverside CA 92505 | Riverside, CA | 06/05/2025 | $37,566 |
| Augie Tammariello-State Farm Agency | Licensed Insurance Sales | Asheville, NC | 05/26/2025 | $40,000 |
| Get It-Marketing | Licensed Insurance Sales-Remote | WFH | Sacramento, CA | 05/26/2025 | $27,000 |
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