Insurance Agent Salary Bls

National estimates for Insurance Sales Agents. The median wage is the wage at which half the employees in an occupation earned greater than that quantity and half earned much less.

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The total cash compensation which includes base and annual incentives can vary anywhere from 54337 to 65123 with the average total cash compensation of 54693.

Insurance agent salary bls. The lowest-paid 10 earned less than 26030. According to the US. 41-3021 Insurance Sales Agents.

The Bureau of Labor Statistics BLS projects that the number of insurance agent jobs will grow 10 faster than average over the next eight years. The highest-paid workers in this role earn more than 125190 per year while the lowest-paid insurance sales agents earn less than 27180 per year. In addition to high commissions some life insurance companies advance their agents six to 12 months of commission on a sold policy rather than making them take it.

This estimate is based upon 141 American Automobile Association AAA Insurance Agent salary reports provided by employees or estimated based upon statistical methods. Tweet this According to BLS the median annual income for agents in 2017 was 49710. The typical American Automobile Association AAA Insurance Agent salary is 50825 per year.

Wage estimates are primarily based on 147 salaries submitted anonymously to Certainly by insurance coverage agent workers customers and picked up from previous and current job posts on Certainly previously 36 months. Bureau of Labor Statistics Occupational Employment Statistics The median annual wage for journey brokers was 40660 in Might 2019. According to the BLS.

Some sales agents only work regular business hours while others may have a more flexible schedule. The base salary for Insurance Agent ranges from 47488 to 58654 with the average base salary of 51996. The highest 10 percent of agents earned more than 125190 while the lowest 10 percent of agents earned less than 27180.

Agencies brokerages and other insurance related activities was the fourth highest paying industry where insurance agents earned an average annual salary of 61660. The average salary for Reservation Agents at companies like THE BLS COMPANY in the United States is 82345 as of June 28 2021 but the range typically falls between 72263 and 92427. The median annual salary for an insurance agent was 48210 in 2013.

Turns out the median salary for the highest 10 of insurance agents in America is 73000. Insurance Agent Salary Bls. The BLS indicates that insurance agents including captive agents and brokers living in the San Francisco area made an average annual salary of 109960 higher than any other metropolitan.

BLS most insurance sales agents work full time and about one in five work more than 40 hours per week. Insurance coverage Gross sales Brokers. Insurance Agent Salary Bls Gov.

Insurance agents with a Bachelors degree earn more than those without at 50333 annually. Hours may vary depending on the specific job or the company or broker you work for. The lowest 10 percent of agents earned around 29000 while the highest 10 percent earned more than 127480 a year.

The BLS reports that the median salary for an insurance sales agent is 50940 per year as of May 2019. These within the twenty fifth percentile earned 32810 per yr. May refer clients to independent brokers work as an independent broker or be employed by an insurance company.

Salary ranges can vary widely depending on many important factors including education certifications additional skills the number of years you have spent in your profession. The insurance carriers industry was the next highest paying industry where agents earned an average salary of 61210 per year the BLS reports. Again the data provided by the BLS doesnt separate pet insurance agents specifically but it covers the general insurance sales agent.

With a Masters degree insurance agents earn a median annual income of 49885 compared to 43028 for insurance agents with an High School Diploma degree. That same year the best-paid 10 of insurance agents earned more than 117830. Bureau of Labor Statistics BLS the 2020 median annual salary of an insurance sales agent was 52180.

Some of the companies that are hiring for insurance agents include Aflac and Farmers Insurance Group. With more online real-time. What is the average salary of an insurance agent.

Insurance Agent salaries at American Automobile Association AAA can range from 21368 - 113706 per year. According to the US. Anchorage and Juneau are other high paying cities for insurance agents.

Insurance coverage gross sales brokers contact potential clients and promote a number of sorts of insurance coverage. Insurance Sales Agent Salary and Outlook According to the Bureau of Labor Statistics BLS insurance sales agents earn a median annual salary of 49710. Insurance agents in Fairbanks make the most money.

Sell life property casualty health automotive or other types of insurance.

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