I've been licenced for about 4 years with a desigination. I just wanted to know what the average salary is for an Insurance Agent. I know salary is different in different areas but let me know what you think.
2006-08-23 03:02:14 · 8 answers · asked by Kristin M 2 in Business & Finance ➔ Insurance
Most companies today do not pay agents a salary. Most are strictly on a commission only basis. That means you can make as much or a little as you are willing to work to achieve. The average for most new commission sales agents in our area is around 30 to 40,000 per year. Some make a lot more, but some make a lot less.
2006-08-23 05:36:11 · answer #1 · answered by deep5223 4 · 1⤊ 0⤋
Life Insurance Agent Salary
2016-09-27 22:47:35 · answer #2 · answered by adamek 4 · 0⤊ 0⤋
2
2016-08-29 18:42:05 · answer #3 · answered by ? 3 · 0⤊ 0⤋
RE:
What is the Avg Salary for a Licensed Insurance Agent?
I've been licenced for about 4 years with a desigination. I just wanted to know what the average salary is for an Insurance Agent. I know salary is different in different areas but let me know what you think.
2015-07-31 00:56:00 · answer #4 · answered by Abraham 1 · 0⤊ 0⤋
Insurance Salesman Salary
2016-12-08 14:59:10 · answer #5 · answered by harrow 4 · 0⤊ 0⤋
Salaries for insurance agents can vary widely within the US and will also depend on what type of work you do. Licensed agents can work in sales, service, claims, etc and also can deal with all types of insurance - personal p&c, commercial p&c, life, health, etc. If you work in a customer service position, commerical lines p&c will pay more than personal lines p&c, and you will have a higher salary in the metropolitan areas such as NY, Chicago, CA. I was a manager at a large independent NJ agency, and in order to hire experienced, quality customer service folks we had to be prepared to pay about $40,000/yr. Of course, having a desigation always sweetens the pot, as long as you also have experience and good references. I now live in the midwest and the salaries out here are much less...more in the neighborhood of $30,000/yr in the cities, less in rural areas. Here in the midwest, employers are more likely to categorize pay scales in hourly wages. Recently I was offered an underwriting position at a local MGA, (in a rural area) and the starting pay was $11/hr. I have 15 yrs experience in the insurance industry including management and training and I have completed 2 CPCU courses. In NJ I was making approx $62,000/yr.
2006-08-23 03:54:49 · answer #6 · answered by DickJoy 2 · 0⤊ 0⤋
The salary for an insurance agent isn't jack, unless you are really good at what you're doing and can make your boss a lot of money. Otherwise you're looking at about 10-11 an hour.
2006-08-23 18:38:42 · answer #7 · answered by atimms 1 · 0⤊ 0⤋
Independent brokers make pretty low the first year if you are starting from total scratch without startup $ or a source of referrals. Around $20,000-$40,000. However if you are truly independent and don't work for someone...second and after years of doing are very different.
Grain of salt with this is that 90% of agent fail or make hardly anything quit in the first year. Factoring this in to the true average makes the income overall a lot less.
2014-08-29 18:39:51 · answer #8 · answered by Myers 1 · 0⤊ 0⤋
The answer to your question is very broad. From what I know ( I work for an insurance company), right around $100,000 annually. You have to take into consideration all of the bills you have to stay open though. That subtracts about half of your earnings. I guess it depends on how knowledgable and hard working you are. Not to mention how impossible it is to do well in such a career if you live in a small town.
2006-08-23 09:07:26 · answer #9 · answered by Anonymous · 0⤊ 0⤋
There is no limit, if you have no limit. Insurance is always sold and not bought. So, the income that you can earn depends on your persuasive skills. Agents are treated as pests in general circle.
2006-08-26 16:55:29 · answer #10 · answered by esther_effect 2 · 0⤊ 0⤋