Annual Salary, Salary Range, and Highest Paying States and Industries
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Insurance Sales Agents
Insurance Sales Agents sell life, property, casualty, health, automotive, or other types of insurance. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company.
Table of contents
- Average salary
- Starting salary
- Salary rank
- Salary range
- Highest paying states
- Highest paying industries
Average salary
Starting salary
Entry-level Insurance Sales Agents with little to no experience can expect to make anywhere between $29,000 to $37,590 per year or $14 to $18 per hour. Similar to any other job, their salary will increase as they gain experience.
Salary rank
We wanted to make it easy for our readers to compare the salary of Insurance Sales Agents to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.
Salary range
| Level | Hourly | Annual |
|---|---|---|
| Highest (Top 10%) | $61 | $127,840 |
| Senior (Top 25%) | $38 | $79,200 |
| Middle (Mid 50%) | $25 | $52,180 |
| Junior (Bottom 25%) | $18 | $37,590 |
| No experience (Bottom 10%) | $14 | $29,000 |
Highest paying states
| State | Hourly | Annual |
|---|---|---|
| DC | $49 | $101,790 |
| NY | $45 | $93,220 |
| AL | $40 | $82,340 |
| WI | $38 | $79,890 |
| OR | $38 | $79,130 |
| RI | $38 | $78,960 |
| MN | $38 | $78,220 |
| NH | $38 | $78,020 |
| MA | $37 | $77,950 |
| CA | $36 | $75,520 |
Another simple way to increase your salary as an Insurance Sales Agent is to move to a higher paying state. However moving to a higher paying state like DC doesn’t guarantee that you will make more because the expenses at DC might be much higher than where you are currently living at right now.
According to BLS, the highest paid Insurance Sales Agents are in the states of DC, NY, AL, WI and OR.
Highest paying industries
| Salary by industry | Annual | Hourly |
|---|---|---|
| Credit Intermediation and Related Activities | $79140 | $38.05 |
| Management of Companies and Enterprises | $78280 | $37.63 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities | $77950 | $37.48 |
| Insurance Carriers | $76600 | $36.83 |
| Business, Professional, Labor, Political, and Similar Organizations | $76520 | $36.79 |
| Nondepository Credit Intermediation | $69960 | $33.63 |
| State Government | $68840 | $33.10 |
| Management, Scientific, and Technical Consulting Services | $68750 | $33.05 |
| Agencies, Brokerages, and Other Insurance Related Activities | $67300 | $32.36 |
| Automotive Equipment Rental and Leasing | $65910 | $31.69 |
| Insurance and Employee Benefit Funds | $65170 | $31.33 |
| Automobile Dealers | $64630 | $31.07 |
| Real Estate | $63750 | $30.65 |
| General Medical and Surgical Hospitals | $63010 | $30.29 |
| Office Administrative Services | $59540 | $28.62 |
| Wholesale Electronic Markets and Agents and Brokers | $56120 | $26.98 |
| Local Government | $55540 | $26.70 |
| Legal Services | $54720 | $26.31 |
| Travel Arrangement and Reservation Services | $54640 | $26.27 |
| Employment Services | $50980 | $24.51 |
| Other Motor Vehicle Dealers | $47430 | $22.80 |
| Computer Systems Design and Related Services | $47390 | $22.78 |
| Death Care Services | $27210 | $13.08 |
| Outpatient Care Centers | $ | $* |
| Accounting, Tax Preparation, Bookkeeping, and Payroll Services | $ | $* |
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