Average Salary of an Health Insurance Agent in the US

The average salary of a health insurance agent in the US can vary depending on factors such as location, experience, and type of insurance products sold.

According to the Bureau of Labor Statistics, the median annual salary for insurance sales agents, including health insurance agents, was $51,690 in May 2020.

Health insurance agents who work for large insurance companies tend to earn higher salaries than those working for smaller agencies.

In fact, the top 10% of health insurance agents in the US earn over $100,000 per year, with some agents earning upwards of $200,000.

The average salary of a health insurance agent in the United States is $49,934. This number can vary depending on factors such as location, education, and experience.

Health insurance agents in different states can earn different salaries. For example, in Hawaii, the average annual salary is $55,089, while in South Carolina, it's $40,866.

According to the 90th percentile, health insurance agents can earn up to $72,000 per year. On the other hand, those in the 10th percentile may earn as little as $34,000.

Here's a breakdown of average salaries for health insurance agents in different states:

Keep in mind that these numbers are based on data from 2023 and may have changed since then.

The average salary of a licensed health insurance agent in the United States ranges from approximately $40,000 to $75,000 annually.

Experience is a significant factor in determining an agent's salary, with newly licensed agents often starting at $30,000 to $40,000 annually, while agents with over five years of experience can earn between $50,000 and $70,000 or more.

Location also plays a crucial role in salary variations, with agents in metropolitan areas like New York City or San Francisco earning 25-35% more than the national average salary for health insurance agents.

In contrast, agents in lower-cost areas such as rural regions or smaller towns might earn salaries that are 15-20% below the national average.

Agents in high-cost areas like Washington, New York, Idaho, and California earn higher salaries than the national average, while agents in lower-cost areas like South Carolina and Texas earn lower salaries.

Here is a list of the average annual salaries for health insurance agents in select states:StateAnnual SalaryHawaii$55,089Washington$63,894Arizona$54,378Wyoming$54,091Montana$51,931Iowa$48,639Utah$47,615Idaho$56,537Missouri$47,608Kansas$46,707Virginia$50,737Georgia$43,577Texas$52,917South Carolina$40,866

Health insurance agents can earn a decent income, and it's essential to know what to expect. The median income for insurance sales agents in the US is $49,840 per year.

The Bureau of Labor Statistics (BLS) reports that insurance sales agents in the US earn 37% more than the national median income for workers in all other industries. This suggests that insurance sales agents are generally well-compensated.

According to the BLS, the top-paying states for insurance sales agents in 2021 were the District of Columbia, New York, Massachusetts, Georgia, and New Jersey. These states offered mean wages ranging from $81,640 to $100,050 per year.

If you're considering a career as a health insurance agent, it's worth noting that some companies pay their agents more than others. For example, DialAmerica and New York Life Insurance offer average salaries of $55,610 and $54,339, respectively.

Here's a list of the top 5 companies that pay health insurance agents the most, based on the data provided:

These figures are based on the most recent salary estimates available.

The geographical location of a health insurance agent can significantly impact their salary, with high-cost living areas offering higher salary ranges to compensate for the increased cost of living. In fact, this factor can affect salaries by as much as 20-30%.

If you're looking to become a health insurance agent in a specific region, it's essential to consider the average salary in that area. For instance, in Phoenix, AZ, the average salary for a health insurance agent is around $48,079 per year.

Let's take a look at the top 5 highest paying states for health insurance agents. According to the data, these states are:

If you're interested in knowing how salaries vary within a state, here's a breakdown of average salary ranges in popular cities near Phoenix, AZ:

As an insurance producer, you're likely curious about the salary potential of a health insurance agent. According to recent data, the average annual pay for a Health insurance agent in the United States was $57,930 a year as of early 2023.

The top four paying states for Health insurance agents are Washington, New York, Idaho, and California, where agents earn higher salaries than the national average.

In some states, health insurance agents can earn significantly more than the national average. For example, in Washington, the average annual salary for a Health insurance agent is $63,894.

Here's a breakdown of the average salaries for Health insurance agents in various states:

Keep in mind that salaries can vary depending on location, experience, and other factors.

Getting your 215 license can be a good starter license for a career change, especially if you're looking to transition into the insurance industry. The average annual pay for a Life & Health insurance agent in the United States is $80,070 a year.

You can earn more than the national average in certain states, such as South Carolina, where the average annual salary is $109,000.

If you're considering a career change at almost 50, it's not too late to get started. Many people have successfully changed careers in their 40s and 50s and gone on to have fulfilling and lucrative careers.

In fact, the top-paying states for Life & Health insurance agents include South Carolina, Utah, and Georgia, with average annual salaries ranging from $85,000 to $109,000.

To give you a better idea of the earning potential in different states, here's a table of average annual salaries for Life & Health insurance agents in select states:

Remember, these figures are averages, and your actual salary may vary depending on your experience, location, and other factors. However, with the right training and dedication, you can build a successful career as a Life & Health insurance agent.