Q: Do insurance agents make a base salary?

No, insurance agents do not make a base salary. The vast majority of life insurance sales jobs are straight commission, which means no base salary. That's not to say that insurance agents do not make decent money.

Q: Do insurance agents make good money?

Yes, insurance agents make good money. The national average pay for an insurance agent is $79,730 a year. However, it can vary widely, starting as little as $20,000 a year to as much as $174,000 a year.

Q: How much do entry-level insurance agents make?

Entry-level insurance agents make around $51,168 a year. However, this amount may vary from $27,000 to $300,000 a year. Factors such as sales abilities, location, and company all can impact how much money an insurance agent can make just starting.

Question 1

How much does an Insurance Agent make?

Accepted Answer

The average insurance agent salary in the United States is $51,936. Insurance agent salaries typically range between $30,000 and $88,000 yearly. The average hourly rate for insurance agents is $24.97 per hour.

Insurance agent salary is impacted by location, education, and experience. Insurance agents earn the highest average salary in Hawaii.

Question 2

What state pays Insurance Agents the most?

Accepted Answer

Hawaii pays Insurance Agents the most in the United States, with an average salary of $74,219 per year, or $35.68 per hour.

Question 3

How do I know if I'm being paid fairly as an Insurance Agent?

Accepted Answer

You know if you are being paid fairly as an Insurance 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 $69,722 per year.

Question 4

What is a good starting salary for an Insurance Agent?

Accepted Answer

A good starting salary for an insurance agent is $27,000 in the United States. That puts you in the 10th percentile of annual income for an insurance agent in the U.S., which is about what you would expect if you were new to the field. The average salary for insurance agents is $46,949, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for an insurance agent can vary by state.

Question 5

Do insurance agents make a base salary?

Accepted Answer

No, insurance agents do not make a base salary. The vast majority of life insurance sales jobs are straight commission, which means no base salary. That's not to say that insurance agents do not make decent money.

Question 6

Do insurance agents make good money?

Accepted Answer

Yes, insurance agents make good money. The national average pay for an insurance agent is $79,730 a year. However, it can vary widely, starting as little as $20,000 a year to as much as $174,000 a year.

Question 7

How are insurance agents paid?

Accepted Answer

Insurance agents are paid a commission on the sale of insurance plans. This commission comes out of the buyer's premium; buyers never pay insurance agents directly for their services.

Most commissions for insurance agents are between 2% and 8% of the insurance plan's premium. This also depends on particular state regulations regarding this issue.

The primary way an insurance agent makes money is from commissions and fees earned on sold insurance policies. These commissions are usually a percentage of the policy's total yearly premium.

An insurance premium is the amount of money an individual client, company, or group pays an insurance provider for a specific insurance plan and policy.

Some insurance agents might also receive compensation in the form of an annual salary; however, many still rely on larger earnings from their commissions on insurance plan sales.

Insurance agents work in many different insurance industries, such as health insurance, life insurance, automotive insurance, home insurance, and annuities.

Question 8

How much do entry-level insurance agents make?

Accepted Answer

Entry-level insurance agents make around $51,168 a year. However, this amount may vary from $27,000 to $300,000 a year. Factors such as sales abilities, location, and company all can impact how much money an insurance agent can make just starting.

Experience Level	Avg. Salary	Hourly Rate
Entry-level insurance agent	$31,100	$14.97
Mid-level insurance agent	$53,300	$25.60
Senior-level insurance agent	$60,700	$29.16

Rank	State	Avg. Salary	Hourly Rate
1	Arizona	$64,714	$31.11
2	Mississippi	$57,600	$27.69
3	Hawaii	$74,219	$35.68
4	Oregon	$60,106	$28.90
5	Colorado	$62,615	$30.10
6	New York	$69,722	$33.52
7	Massachusetts	$63,287	$30.43
8	Texas	$61,819	$29.72
9	Florida	$58,941	$28.34
10	Alabama	$57,361	$27.58
11	Washington	$64,337	$30.93
12	Iowa	$54,587	$26.24
13	Ohio	$52,212	$25.10
14	Nebraska	$51,737	$24.87
15	New Jersey	$62,157	$29.88
16	Nevada	$52,959	$25.46
17	South Dakota	$52,057	$25.03
18	North Carolina	$56,243	$27.04
19	New Hampshire	$54,141	$26.03
20	Wisconsin	$53,332	$25.64
21	District of Columbia	$64,572	$31.04
22	Connecticut	$57,617	$27.70
23	Indiana	$53,237	$25.59
24	Rhode Island	$53,048	$25.50
25	Louisiana	$50,679	$24.36
26	Pennsylvania	$50,690	$24.37
27	Missouri	$49,478	$23.79
28	California	$55,531	$26.70
29	Illinois	$52,533	$25.26
30	Oklahoma	$49,518	$23.81
31	New Mexico	$50,214	$24.14
32	Arkansas	$46,175	$22.20
33	Maryland	$54,357	$26.13
34	Kentucky	$50,433	$24.25
35	Georgia	$50,603	$24.33
36	Wyoming	$43,253	$20.79
37	Michigan	$45,027	$21.65
38	Virginia	$51,298	$24.66
39	Minnesota	$50,284	$24.18
40	Utah	$43,306	$20.82
41	Delaware	$43,626	$20.97
42	North Dakota	$45,646	$21.95
43	South Carolina	$45,634	$21.94
44	Idaho	$43,250	$20.79
45	Vermont	$39,804	$19.14
46	Montana	$41,900	$20.14
47	Kansas	$43,871	$21.09
48	Alaska	$45,202	$21.73
49	Tennessee	$40,957	$19.69
50	West Virginia	$41,910	$20.15
51	Maine	$40,933	$19.68

Rank	City	Avg. Salary	Hourly Rate
1	New York, NY	$70,230	$33.76
2	Corpus Christi, TX	$64,984	$31.24
3	Phoenix, AZ	$64,725	$31.12
4	Washington, DC	$64,588	$31.05
5	Seattle, WA	$64,133	$30.83
6	Colorado Springs, CO	$63,335	$30.45
7	Boston, MA	$63,126	$30.35
8	Newark, NJ	$61,889	$29.75
9	Fort Lauderdale, FL	$60,439	$29.06
10	Portland, OR	$59,061	$28.39
11	Madison, MS	$57,543	$27.66
12	Birmingham, AL	$56,791	$27.30
13	Charlotte, NC	$56,130	$26.99
14	San Diego, CA	$55,943	$26.90
15	Baltimore, MD	$54,446	$26.18
16	Columbus, IN	$53,749	$25.84
17	Milwaukee, WI	$53,639	$25.79
18	Las Vegas, NV	$53,128	$25.54
19	Cleveland, OH	$52,765	$25.37
20	Chicago, IL	$52,500	$25.24

Percentile	Annual Salary	Monthly Salary	Hourly Rate
90th Percentile	$88,000	$7,333	$42
75th Percentile	$68,000	$5,667	$33
Average	$51,936	$4,328	$25
25th Percentile	$39,000	$3,250	$19
10th Percentile	$30,000	$2,500	$14

Job Title	Annual Salary	Monthly Salary	Hourly Rate	Job Openings
Sales Producer	$51,287	$4,274	$24.66	41,951
Direct Sales Agent	$57,712	$4,809	$27.75	225,552
Marketing Agent	$40,384	$3,365	$19.42	112,353
Agent	$37,864	$3,155	$18.20	184,325
Geek Squad Agent	$31,924	$2,660	$15.35	28,603
Licensed Insurance Producer	$66,026	$5,502	$31.74	54,872

Insurance Agent salary

Average insurance agent salary

$51,936

How much does an insurance agent make?

Where can an Insurance Agent earn more?

Insurance Agent Salaries By Experience Level