How Much Does the Average Insurance Agent Earn Annually?


Quick Answer

As of May 2012, the average annual salary for insurance agents was $48,150, according to the U.S. Bureau of Labor Statistics. The bottom 10 percent earned less than approximately $26,100 and the top 10 percent earned more than about $116,900.

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Full Answer

Earnings for independent agents can vary since they are paid by commission. Individuals who work for an insurance carrier or an agency can be paid either with a salary, a salary plus commission, or a salary combined with a bonus.

The most common form of payment for experienced insurance agents is commission. The amount and type of insurance are used as the basis for determining how much commission an agent earns, in addition to whether the insurance plan is a new one or a renewal.

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