Insurance Agent Salary

salary insurance-agent

Basic Insurance Agent Salary Information:

Insurance agents mostly operate from office environment while working for some insurance company or a brokerage firm but may also meet with their customers face-to-face at their homes or offices whenever needed.The average salary of an insurance agent is around $35,902. This makes the Insurance Agent salary range from $22,365 – $69,481. This salary is further influenced by a lot of factors. Among those factors two are location and experience. The effect of these factors can be seen in the table below.

State Average Salary
Florida $25,861 – $72,000
Texas $24,287 – $72,121
California $22,192 – $94,333
Virginia $20,875 – $64,111
Georgia $17,492 – $51,823
Ohio $17,870 – $61,825
Pennsylvania $20,426 – $48,388

The above table shows the top paying states that pays the most salary for Insurance agents. Among them California seems to be the one paying the most.

Experience Average Salary
Less than a year $18,592 – $48,858
1 to 4 years $19,820 – $57,914
5 to 9 years $24,694 – $53,657
10 to 19 years $25,692 – $67,920
More than 20 years $29,436 – $98,264

The above table shows how much does an Insurance agent make  experience. Experience is huge factors when it comes to any type of profession and insurance agent isn’t an exception.

Other Factors and Influences that determine Insurance Agent salary:

There are other factors that greatly influence the salary of an insurance agent. One of these factors is industries. Depending on the type of insurance they sell, they can a different salary.

  • Insurance Agency or Brokerage – $21,842 – $60,281
  • Insurance Carrier – $21,331 – $57,563
  • Insurance and Financial Services – $25,454 – $85,072
  • Property and Casualty Insurance – $24,691 – $61,825
  • Life Insurance – $20,608 – $60,200

The Insurance Agent salary is often compared to the salary of a Graphic Artist. The other factor is Employee type. It matters a lot if you are self-employed or working for bug company. This determines your salary greatly. Working for a company can see you getting $60,000 whereas working for yourself can see you getting about $80,000.

  • Company – $23,601 – $62,055
  • Private Practice/Firm – $24,435 – $55,762
  • Self-Employed – $24,167 – $84,783
  • Franchise – $17,579 – $49,316
  • Other Organization – $25,009 – $61,534
  • Contract – $26,761 – $84,035

The job of an Insurance agent isn’t an easy job. You have to travel a lot and be convincing enough for people to buy your policies. But, if you are good at it, then you can see yourself earn a whole lot of money.