How Much Does An Insurance Agent Make An Hour?

How much does an insurance agent make an hour? As of May 27, 2021, the average hourly income for an Insurance Agent in the United States is $25, but the range is often between $23 and $28 for independent insurance or a captive agent. According to Salary.com, many elements determine the hourly rate, including education, certifications, supplementary talents, and the number of years you have worked in your field.  

Insurance agents from independent insurance brokerage sell insurance to both new and existing customers. You may need an associate’s degree and at least two years of experience in the field or a similar discipline. Being an Insurance Agent entails being conversant with industry-standard principles, practices, and processes. To plan and achieve goals, they rely on their limited expertise and judgment and how to become an independent insurance agent. In addition, an Insurance Agent is responsible for a variety of activities for leads for insurance. Working under general supervision and reporting to a supervisor or manager is the norm. You can also assume that you’ll be able to use your imagination and have some leeway for insurance sales. 

Insurance Agent Average Salary 

It’s crucial to consider the average income and salary range when calculating the national average compensation for a position. Other salary aspects to consider when accepting a job offer include overtime pay, bonuses, and benefits packages. Although income rates by profession and location will always fluctuate throughout this article, the national average salary for an insurance agent in the United States is $79,965 per year, with a salary range of $17,000 to $188,000 per year for independent insurance agency. 

Insurance agents’ earnings are frequently made up of a primary wage plus commissions and bonuses. Independent insurance agents are typically paid only on commission, whereas captive insurance agents usually pay a base salary with minor commissions or bonuses for agent directory. 

These insurance companies have the industry’s top employee satisfaction ratings. What are the best insurance companies to work for? 

By State 

When comparing the average pay of each state, be sure to consider the average salary and the salary range. It also considers the cost-of-living comparison for each state to ensure you’re receiving an accurate picture that will help you decide which location is best for each state. Because insurance brokers are licensed professionals, it’s crucial to examine each state’s schooling and licensing requirements. The following is a list of the top ten states with the highest average insurance agent salaries: 

  • Minnesota 
  • Maine 
  • Alaska 
  • Kansas 
  • Vermont 
  • North Dakota is a state in North America. 
  • Nebraska 
  • Utah 
  • Iowa 
  • South Dakota 
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