The average annual income for a State Farm insurance agent in 2014 is $69,599. The range of income for agents is from $24,000 to $150,000, and pay is figured on a commission basis.
Because the rate of pay for an insurance agent is based on how much he sells, there is a wide range of pay. When a policy is first sold, there is an initial amount of commission made. However, if the policy is being paid monthly, the commission is divided, and the agent receives payment each time a premium is paid. This allows the agent to receive more pay for a month than the commission for policies sold that month.