The salary of an insurance broker can vary depending on several factors, such as their level of experience, location, employer, and the types of insurance products they specialize in.
According to the Bureau of Labor Statistics (BLS), the median annual wage for insurance brokers in the United States was $52,180 as of May 2020. The lowest 10 percent earned less than $32,820, while the highest 10 percent earned more than $127,860.
However, it’s worth noting that these figures may not reflect the full range of salaries for insurance brokers, as they only represent a national average. Additionally, some brokers may receive commissions or bonuses based on their sales performance, which can significantly impact their earnings.
Overall, insurance brokers have the potential to earn a good income, especially as they gain more experience and build their client base.