Using the statistics from the Bureau of Labor Statistics, the average insurance agent’s salary is $50,600.This is the median wage, calculated by taking the halfway point between the amount half the workers earn more than, and half earn less than. Insurance Agent. Filter by location to see Insurance Broker salaries in your area. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. A May 2009 Bureau of Labor Statistics report shows the median hourly wages for an insurance agent was $29.48. Filter by location to see Insurance Agent salaries in your area. So it is difficult to reply this query. The position is going to required me to travel to two different offices. Connecticut, California, New York, and New Jersey round out the top five highest-paying states for insurance agents, and all have annual mean wages in the low to mid $70,000 range. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Easily find the right price for every job in fewer steps. How much does an Insurance Agent make in the United States? The national average salary for a Insurance Agent is £19,020 in United Kingdom. In their first year, independent insurance agents earn commissions based strictly on the premiums paid by clients to whom they sell insurance policies and annuities. It depends on the type of policy you choose to enroll. How much does a Insurance Agent make? Does an insurance agent receive a salary? Many of you may wonder,” How do insurance agents get paid?” Well, as per records released by the U.S. Bureau of Labor Statistics for the year 2013, on an average, agents earn about $48,000 annually. As a result, experienced agents with many clients can earn much more than new agents. We briefly discussed the two different types of insurance agents when we talked about renewal commissions. $29.09 is the 75th percentile. The starting salary for an agent is GS-7, about $40.000 a year. When compared to a CPA’s salary, which is averaged around $60,000, you’ll find that EAs usually make less. I am thinking of pursuing a career as a Property and Casualty or a Life Insurance agent, but I have heard it is tough the first couple of years. There is no limit to how much money an insurance agent can make. Keep in mind that this specifies a sales agent, and includes data from all insurance, not only life insurance. This means an auto insurance policy that runs $1,400 per year will produce between $210 and $280 of commission for the auto insurance agent. The company is called Fiesta Insurance. $42.07 is the 90th percentile. $11. Salary estimates are based on 167 salaries submitted anonymously to Glassdoor by Insurance Agent employees. According to the Bureau of Labor Statistics , the 2019 median salary for insurance agents was a modest $50,940. Wages below this are outliers. Advertisement. Hourly Pay posted anonymously by Allstate employees. Wages above this are outliers. $14.66 is the 25th percentile. $48,498 / yr. See user submitted job responsibilities for Insurance Agent. Entry-level Insurance Underwriters with little to no experience can expect to make anywhere between $42260 to $53200 per year or $20 to $26 per hour. This is the median wage, calculated by taking the halfway point between the amount half the workers earn more than, and half earn less than. Work Schedule Most insurance agent jobs are full-time positions with a 40-hour workweek. The average hourly rate is $24.18. ranks number 1 out of 50 states nationwide for Enrolled Agent salaries. Salaries below this are outliers. 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