Salary information comes from 72 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. How to Answer: What Are Your Strengths and Weaknesses? Find out how much an insurance agent makes in 2020. The average annual salary and wages of an insurance agent or broker is around $50,000. This means that having an ever-expanding network of customers could potentially grow your earnings exponentially. According to statistics for May 2012 published by the U.S. Bureau of Labor Statistics, the average compensation for independent insurance agents, including first-year and renewal commissions, is about $63,390 annually. The average Insurance Agent salary in Georgia is $49,786 as of November 25, 2020, but the range typically falls between $45,470 and $56,161.Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Commercial insurance agents also sell property damage and liability policies, employee and executive coverage and product liability. The position's pay can vary drastically, with the … The median yearly wage for all insurance agents in May 2017 was $49,710; wages were less for the lower half of agents and higher for the top half, reported the Bureau of Labor Statistics.Insurance agents in the lower 10 percent made less than $27,180 annually; those in the top 10 percent made more than $125,190 a year. $56k. A Health Insurance Agent in your area makes on average $56,971 per year, or $1,318 (2%) more than the national average annual salary of $55,653. After the third year, many agents stop earning a commission on the policy renewal altogether. A Life Insurance Agent in your area makes on average $75,579 per year, or $4,151 (5%) less than the national average annual salary of $79,730. Licensed Health Insurance Agent - Hourly Contractor, Is this helpful? The national average salary for a Licensed Health Insurance Agent is $16 in United States. The commission factor is part of the reason why an insurance agent’s earnings can vary so dramatically. About 35 percent of all agents, many in their first few years, earn below $50,000, and another 22 percent earn more than $100,000. ... People in your community looking for an agent or … Learn about salaries, benefits, salary satisfaction and where you could earn the most. How much does a Licensed Health Insurance Agent make? The typical Humana Insurance Agent salary is $35,472. The average insurance carrier gives captive agents a 5-10% commission of any policy sold, while the average independent agent makes around 15% commission. 5  Keep in mind that this specifies a sales agent, and includes data from all insurance, not only life insurance. The average salary for a Insurance Agent is $53,445 per year in Colorado. The average insurance agent salary is not what all individuals in this occupation make. Action Alerts PLUS is a registered trademark of TheStreet, Inc. How much do Life Insurance Agents Make? $24k. Agents & Brokers: Sell Marketplace health insurance for 2019. But how much can they earn? Financial Advisor. $60k. The national average salary for a Licensed Health Insurance Agent is $16 in United States. Glassdoor will not work properly unless browser cookie support is enabled. Your insurance agent could also be making money every year you renew the policy. Our Free Medicare Lead Program will reimburse agents at 100% for up to $500 a month for their lead costs. Learn how to enable cookies. How much an insurance agent can make depends on a number of different factors, but making the right choices for your specific situation could lead to making over six figures. Without fail, in surveys across basically every demographic, the number one … According to that data from the Bureau of Labor Statistics: The median annual wage for insurance agents was $48,150. Agents may also need to get different licenses to sell different types of insurance. Independent agents work for themselves. According to the U.S. Bureau of Labor Statistics, an insurance agent makes an average of $50,600 per year as of 2018. To become an insurance agent, education matters less than formal training. Life and health insurance policies work under a slightly different pay structure. Have you thought about these questions? Find out how much insurance agents make in 2020 and what steps you can take to increase your earnings. Continuing education is also important, as laws and regulations that influence how insurance policies are structured and sold are constantly changing. And for those who think, “How much commission do insurance agents make on health insurance?” the year 2020 comes with even bigger challenges. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Captive agents are tied exclusively to one insurance company’s products. The average Insurance Agent salary in Texas is $50,531 as of November 25, 2020, but the range typically falls between $46,150 and $57,001. As we collect more salary reports, we will be able to display related salaries for this job title. Salary estimates are based on 39 salaries submitted anonymously to Glassdoor by Licensed Health Insurance Agent employees. They can earn based on a salary-only model, a salary and commission model, or a salary-plus-bonus model. Each type of insurance provides its own unique opportunities for attracting new customers and upselling current customers to increase earnings. Many agents beginning their careers will shadow other agents to better understand the position and its requirements. 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