The national average salary for a Licensed Insurance Agent is $38,633 in United States. Filter by location to see Licensed Insurance Agent salaries in your area. Salary estimates are based on 136 salaries submitted anonymously to Glassdoor by Licensed Insurance Agent employees. Job Title Educational Requirements Median Salary (2019)* Job Outlook (2018-2028)* Insurance Agents : High school diploma or GED; license : $50,940
We then ranked every state on this criteria with the state with the highest salary index ranking as highest average salary for insurance agents. Here’s a look at the full ranking for all states. Detailed List Of Insurance Agent Salaries By State. Rank State Adjusted Salary Average Wage Cost Of Living; 1: Alabama: $89,265: $81,410: 91.2: 2.
Insurance agent license salary. From personal experience, our ex-insurance agent friend shared with us that he made on average about $1,000 – $1,500 a month as a full-time insurance agent during his one and a half year stint. Initially, he made about $1,500 a month, expecting that this amount, as with all jobs, should increase as he becomes more experience, and as his. Average Salary For Insurance Agents . When you try and find out the average salary of a life insurance agent, because of the factors above, it is very hard to say. According to the Bureau of Labor Statistics, the median pay for an "insurance sales agent" is $50,560 per year or $24.33 per hour as of the latest data from 2018. While taking two or four years to earn a college degree can enhance one’s job prospects, in many cases, one can become an insurance agent after completing only a pre-licensing course, which can take several days. What does an insurance agent earn? The median yearly pay for insurance agents in the United States was $48,150 in 2012.
Insurance sales agents must have a license in the states where they work. Separate licenses are required for agents to sell life and health insurance and property and casualty insurance. In most states, licenses are issued only to applicants who complete specified courses and who pass state exams covering insurance fundamentals and state. Insurance License Exams. After your pre-license course, you are now ready to take the insurance license exam. These exams are generally between 80-160 questions, obviously depending on the state.. You will need to take an exam for each line of insurance you wish to attain, which means that in some states you may be required to take as many as four exams total (though most only require two). Employment of licensed insurance agents is expected to increase by 10 percent over the next decade. Learn the steps it takes to become an insurance agent, the licensure requirements to sell life, health, property and other insurance, and the average salaries for insurance agents in your state.
The base salary for Insurance Agent ranges from $46,857 to $57,874 with the average base salary of $51,305. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $53,615 to $64,258 with the average total cash compensation of $53,966. Licensed Insurance Agent – Salary – Get a free salary comparison based on job title, skills, experience and education. Accurate, reliable salary and compensation comparisons for United States How much does an Insurance Agent make in Texas? The average Insurance Agent salary in Texas is $50,380 as of September 25, 2020, but the range typically falls between $46,012 and $56,831.Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Salary. The average salary for a title insurance agent in the U.S. was $52,490 as of May 2010, reports the Bureau of Labor Statistics. Salaries ranged from less than $20,460 to over $95,220 on the salary scale, with agents earning a median salary of $40,030 a year. Independent Insurance Sales Agent is the highest paying type of Insurance Agent job with an annual salary of $91,323. See a comparison table of the 30 different types of Insurance Agent jobs and how much money they make per year. An insurance agent's salary varies based on the area of expertise, level of experience, education, certifications, and other factors. Median Annual Salary : $50,600 ($24.33 /hour) Top 10% Annual Salary : More than $125,610 ($60.39/hour)
The simplest definition of an insurance agent is simply: A person employed to sell insurance policies. In the real world, “insurance agent” gets used as an umbrella term describing any licensed person in the agency, but the more specific definition describes the agent as the “principal” of the agency. To become a Medicare insurance agent, you must get a health insurance license in the state you currently live in (resident state). Aside from being a requirement, you will receive the fundamental training essential for you to understand how health plans work, including Medicare. Insurance Sales Agents made a median salary of $50,600 in 2018. The best-paid 25 percent made $77,930 that year, while the lowest-paid 25 percent made $36,040. See Full Salary Details »
The average Licensed Life Health Insurance Agent salary in USA is $150,000 per year or $76.92 per hour. With neuvoo's salary tool, you can search and compare thousands of salaries in your region. We including average salaries for jobs related to Licensed Life Health Insurance Agent positions. Average ASSURANCE Insurance Agent yearly pay in the United States is approximately $120,439, which is 75% above the national average. Salary information comes from 72 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. As of Oct 12, 2020, the average annual pay for a Life Insurance Agent in the United States is $79,730 a year. While ZipRecruiter is seeing annual salaries as high as $174,000 and as low as $20,000, the majority of Life Insurance Agent salaries currently range between $50,000 (25th percentile) to $99,500 (75th percentile) across the United States.
The average salary for a Insurance Agent is $57,504 per year in New Jersey. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Below are the most recent licensed health insurance agent salary reports. Employer name has been removed to protect anonymity. $60,000. per year. An Insurance Agent in the Phoenix, AZ Area area reported making $60,000 per year. Job Highlights. 1-2 years experience. Phoenix, AZ Area area. Full-time . The average salary for an Insurance Agent is $39,579. Visit PayScale to research insurance agent salaries by city, experience, skill, employer and more.
Becoming an Agent or Adjuster. Becoming a licensed insurance agent or adjuster is a matter of selecting the type of license that is correct for you, finding and enrolling in a pre-licensing education course and then taking the exam.