Insurance Agent Salary
Pay Details of an Insurance Agent
There have come into existence many types of insurances today like insurance for vehicle, house, industry, life, etc. The insurance sector is seen as one of the fastest growing employment sectors in today’s scenario. Let us in this article discuss all about the salaries paid top insurance agents.
| Salary | $23,910 – $83,340 |
| Bonus | $387.85 – $10,345 |
| Commission | $505 – $50,005 |
| Total Pay | $21,260 – $64,505 |
Annual and hourly wage of Insurance Agents by Experience:
| Experience | Annual Wage | Hourly Wage |
| 1-4 years | $19,445 – $60,005 | $8.15 – $19.15 |
| 5-9 years | $24,665 – $104,175 | $9.95 – $19.60 |
| 10-19 years | $26,985 – $58,005 | $12.30 – $16.50 |
| 20 years or more | $20,275 – $147,950 |
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Annual and hourly wage of Insurance Agents by State:
| State | Annual Wage |
| California | $35,980 – $100,230 |
| Texas | $25,550 – $36,630 |
| Virginia | $29,285 – $34,975 |
Annual and hourly wage of Insurance Agents by Certification:
| Certification | Annual Wage | Hourly Wage |
| Licensed Property & Casualty Insurance Agent | $24,590 – $58,765 | $8.25 – $19.25 |
| Licensed Producer (IL) – Life, Health | $27,005 – $55,505 | $15.05 – $17.55 |
| Licensed Life Insurance Agent | $33,190 – $36,635 |
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Annual and hourly wage of Insurance Agents by Industry:
| Industry | Annual Wage | Hourly Wage |
| Insurance | $23,080 – $85,425 | $8.20 – $19.10 |
| Insurance Agents | $25,970 – $197,795 | $12.70 – $24.70 |
Annual and hourly wage of Insurance Agents by Employer Type:
| Employer Type | Annual Wage | Hourly Wage |
| Company | $20,955 – $50,985 | $8.80 – $18.75 |
| Private Practice/Firm | $27,290 – $66,980 | $12.40 – $22.15 |
| Self-Employed | $24,330 – $201,215 |
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Annual and hourly wage of Insurance Agents by Benefit or Perk:
| Benefits | Annual Wage | Hourly Wage |
| Paid Holidays / Vacation | $23,910 – $64,115 | $11.20 – $19.40 |
| Paid Sick Leave | $24,730 – $65,220 | $12.50 – $19.75 |
| Life Insurance/Disability | $26,895 – $66,385 | $8.15 – $20.25 |
| 401(k) | $29,800 – $65,440 | $13.00- $19.70 |
| Education/Training/Tuition | $32,705 – $52,505 | $13.80 – $18.10 |
| Free Drinks/Coke/Juice/Water | $31,860 – $36,175 |
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| Casual Dress/Atmosphere | $31,980 – $37,190 | $13.90 – $19.00 |