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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 2016 and published in April 2017 [1].

Table 1. Insurance Sales Agent Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$27,430
25th Percentile Wage
$35,500
50th Percentile Wage
$49,990
75th Percentile Wage
$77,140
90th Percentile Wage
$128,070

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 $128,070. The median annual salary (50th percentile) is $49,990. The average annual salary for the bottom 10 percent is $27,430. We note that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 366% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of insurance sales agents from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201649,9903.58%3.68%
201548,2000.71%-
201447,860-0.73%-
201348,2100.12%-
201248,150--

Table 2. Insurance Sales Agent Salary by Industry Sector

The average salaries of insurance sales agents in 10 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 wholesale trade sector with an annual salary $89,150. The lowest paying sector is the real estate and rental and leasing sector (annual salary $31,200).

Industry Sector Median Annual Salary
Wholesale Trade
$89,150
Federal, State, and Local Government
$71,620
Management of Companies and Enterprises
$61,630
Health Care and Social Assistance
$54,000
Professional, Scientific, and Technical Services
$53,730
Other Services (except Federal, State, and Local Government)
$50,880
Finance and Insurance
$49,980
Administrative and Support and Waste Management and Remediation Services
$43,700
Retail Trade
$42,060
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 $27,570 to $68,090. The highest paying state for insurance sales agents is New York with a median annual salary of $68,090. The lowest paying state is Guam with a median annual salary of $27,570. For more salary information of insurance sales agents profession in a specific state, use the links in the table.

State Name Median Annual Salary
New York
$68,090
Massachusetts
$63,810
New Jersey
$62,000
Minnesota
$60,720
Connecticut
$60,010
California
$58,750
Rhode Island
$57,920
Pennsylvania
$57,830
Hawaii
$56,710
New Hampshire
$55,520
Florida
$54,620
Wisconsin
$54,360
Kansas
$53,020
Missouri
$52,110
South Dakota
$52,000
Maryland
$51,850
North Dakota
$50,260
Alabama
$50,230
Delaware
$49,240
North Carolina
$49,030
Alaska
$48,930
Ohio
$48,900
Vermont
$48,640
Michigan
$48,570
Colorado
$48,160
Virginia
$47,990
Washington
$47,580
Nevada
$46,850
Indiana
$46,250
Georgia
$46,190
Oregon
$45,850
Iowa
$45,490
Utah
$45,040
Idaho
$44,400
Maine
$44,390
Kentucky
$43,920
Wyoming
$43,550
Texas
$43,180
Tennessee
$42,830
Montana
$42,530
Nebraska
$42,510
Illinois
$41,340
New Mexico
$41,110
Oklahoma
$41,060
Louisiana
$40,840
District of Columbia
$40,810
Mississippi
$40,690
South Carolina
$38,450
Arkansas
$38,360
Virgin Islands
$38,330
Arizona
$37,830
West Virginia
$33,270
Puerto Rico
$29,440
Guam
$27,570


Related:

Highest paying states for insurance sales agents

Highest paying cities for insurance sales agents

Highest paying industries for insurance sales agents.