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Insurance Sales Agent Salary Information

The salary statistics of insurance sales agents are shown in Table 1. In the next few tables we compare the average salaries of insurance sales agents within different industry sectors and in the 50 states of the United States. The insurance sales agents annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1. Insurance Sales Agent Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$27,180
25th Percentile Wage
$35,400
50th Percentile Wage
$49,710
75th Percentile Wage
$76,220
90th Percentile Wage
$125,190

Table 1 shows the average annual salary for insurance sales agents. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) insurance sales agents is $125,190. The median annual salary (50th percentile) is $49,710. The average annual salary for the bottom 10 percent is $27,180. Notice that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 360% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of insurance sales agents from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$49,710
-0.56% 3.14%
2016
$49,990
3.58% -
2015
$48,200
0.71% -
2014
$47,860
-0.73% -
2013
$48,210
0.12% -
2012
$48,150
- -

Table 2. Insurance Sales Agent Salary by Industry Sector

The average salaries of insurance sales agents in 11 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for insurance sales agents occupations is the management of companies and enterprises sector with an annual salary $61,250. The lowest paying sector is the real estate and rental and leasing sector (annual salary $31,200).

Industry Sector Median Annual Salary
Management of Companies and Enterprises
$61,250
Federal, State, and Local Government
$55,730
Professional, Scientific, and Technical Services
$51,570
Finance and Insurance
$49,820
Transportation and Warehousing
$47,670
Health Care and Social Assistance
$45,380
Wholesale Trade
$44,570
Other Services (except Federal, State, and Local Government)
$42,250
Retail Trade
$39,730
Administrative and Support and Waste Management and Remediation Services
$38,280
Real Estate and Rental and Leasing
$31,200

Table 3. Median Annual Wage of Insurance Sales Agents by States

From the above tables we note that not only insurance sales agents salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of insurance sales agents in all 50 states of the United States. We note that the median annual salaries range from $27,310 to $68,940. The highest paying state for insurance sales agents is Massachusetts with a median annual salary of $68,940. The lowest paying state is Guam with a median annual salary of $27,310. For more salary information of insurance sales agents profession in a specific state, use the links in the table.

State Name Median Annual Salary
Massachusetts
$68,940
New York
$63,680
Minnesota
$62,040
Wisconsin
$59,960
Connecticut
$59,650
New Jersey
$59,590
Pennsylvania
$59,170
Rhode Island
$58,140
California
$57,840
Hawaii
$54,870
New Hampshire
$54,090
Alabama
$54,010
District of Columbia
$53,510
Florida
$52,610
Vermont
$51,480
North Dakota
$51,060
Kansas
$50,440
Michigan
$50,260
Delaware
$50,130
Colorado
$48,890
Iowa
$48,790
Maryland
$48,770
Nebraska
$48,600
Alaska
$48,070
North Carolina
$48,040
Virginia
$47,840
Washington
$47,690
South Dakota
$47,650
Indiana
$47,550
Oregon
$47,390
Ohio
$46,540
Illinois
$45,820
Oklahoma
$45,800
Montana
$45,290
Kentucky
$44,470
Missouri
$44,410
Maine
$43,700
Nevada
$43,680
Tennessee
$43,570
Idaho
$43,560
Georgia
$43,140
Mississippi
$42,630
Wyoming
$42,530
Arizona
$42,400
Texas
$42,390
South Carolina
$40,520
Arkansas
$40,350
Louisiana
$38,450
Virgin Islands
$38,330
Utah
$37,900
New Mexico
$36,770
West Virginia
$35,720
Puerto Rico
$30,050
Guam
$27,310



Related:

💰 Highest paying states for insurance sales agents

💰 Highest paying cities for insurance sales agents

💰 Highest paying industries for insurance sales agents.