How Much Do Insurance Agents Make Per Policy?

Insurance agent salaries are often a mix of salary, commission, and bonuses, but how much insurance agents earn varies depending on whether they work for an independent or captive agency. Insurance brokers can earn an average of $48, 210 per year, with some earning as much as $116,940 per year.

According to the United States, According to the Bureau of Labor Statistics, an insurance agent earns an average of $50,600 per year. The salary ranges from $27,500 to $125,610, with the lowest 10% getting less than $27,500 and the wealthiest 10% earning more than $125,610.

The manner in which an insurance agent receives their annual pay varies based on the company they work for and the sort of insurance they sell. They can be paid on a salary-only basis, a salary-and-commission basis, or a salary-plus-bonus basis. The commission component contributes to the wide range of earnings experienced by insurance agents. The majority of independent insurance agents rely only on commission.

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