Insurance Agent Salary Bls
Bureau of labor statistics occupational employment statistics the median annual wage for insurance sales agents was 50 940 in may 2019.
Insurance agent salary bls. Visit payscale to research insurance sales agent salaries by city experience skill employer and more. The average salary for an insurance sales agent is 38 463. Bureau of labor statistics occupational employment statistics the median annual wage for insurance underwriters was 70 020 in may 2019. Compare that to the median salary in georgia of 35 562 which ranked worst for insurance agents and you can see how your location is important for your career.
The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. See full salary details. The total cash compensation which includes base and annual incentives can vary anywhere from 53 374 to 63 969 with the average total cash compensation of 53 724. Insurance agent salaries at american automobile association aaa can range from 24 947 75 476.
The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The typical american automobile association aaa insurance agent salary is 58 801. Starting agents at agencies could make a salary in line with the 25th percentile at 33 050 or the 10th at 25 450. The base salary for insurance agent ranges from 46 646 to 57 614 with the average base salary of 51 074.
This estimate is based upon 83 american automobile association aaa insurance agent salary report s provided by employees or estimated based upon statistical methods. As we mentioned earlier we took the average annual salary data for insurance agents from the 2018 bureau of labor statistics specifically their occupational employment statistics to make the comparison of salaries apples to apples across states we also took into account the cost of living in each state. Insurance carriers ranked second with 76 380 agents. The best paid 25 percent made 77 930 that year while the lowest paid 25 percent made 36 040.
According to the bls the largest employer of insurance agents was insurance agencies which employed 231 940 agents. The median salary for insurance agents in maine is 66 431.
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