
If you're considering a career as an insurance agent in Florida, you're likely wondering about the salary potential. According to industry data, the average annual salary for an insurance agent in Florida is around $63,000.
To give you a better idea of what to expect, here are some average salary ranges for insurance agents in different parts of the state. In urban areas like Miami and Fort Lauderdale, insurance agents can earn upwards of $80,000 per year. In smaller towns and cities, salaries may be lower, ranging from $50,000 to $65,000 annually.
As you can see, salaries vary depending on location, experience, and other factors. But overall, being an insurance agent in Florida can be a rewarding and lucrative career path.
Broaden your view: Business Loans for Insurance Agents
Insurance Agent Salary in Florida
Insurance agents in Florida can earn a wide range of salaries, depending on factors such as experience, success, and the specific type of insurance they sell.
The average salary for an insurance agent in Orlando, FL is around $72,188 per year, with some agents earning as much as $92,091 or even $200,000 for top performers.
Newer agents in Florida may start at around $32,000 annually, while those with more experience and a strong client base can earn significantly more.
Insurance agents in Florida can earn between $47,273 and $108,364, making this a promising career for those willing to invest in their growth.
The highest-paying cities in Florida for insurance agents include Mc David, FL, although specific salary data is not available for this city.
Here's a rough breakdown of insurance agent salaries in Florida, based on data from various sources:
Keep in mind that these figures are estimates and can vary depending on individual qualifications, experience, and specific job requirements.
Salary Factors
As an insurance agent in Florida, your salary can vary greatly depending on several factors. Experience is a major contributor to your earnings, with top earners making significantly more than their counterparts.
Your type of agent also plays a significant role in determining your salary. Captive agents, who work for a particular insurance company, can earn both a salary and commission, whereas independent agents live on commissions from sales alone.
In terms of average salary, the 25th percentile for State Farm insurance agents is $27,500 annually, while the top earners can bring home $42,000 yearly. This means that with more experience, you can increase your earnings significantly.
Your license can also impact your salary, with insurance agents holding an Insurance Producer License earning an additional 37% of their salary. Additionally, top sales managers with respected certifications like the CFP can earn 36% more than their counterparts without this certification.
Here's a breakdown of the average salary ranges for insurance agents in Florida:
- 25th percentile: $51,657 per year
- Average: $56,561 per year
- 75th percentile: $63,803 per year
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications.
Top Paying Cities
If you're an insurance agent looking to boost your salary, you'll want to consider working in certain high-paying cities in Florida.
Mc David, FL is one of the cities with the highest paying insurance agent positions.
Insurance Agent salaries vary greatly from city to city, with San Francisco, CA having the highest salary at $70,701, which is 25.0% above the national average.
Miami, FL has the lowest salary at $54,581, which is 3.5% lower than the national average.
If you're looking for high-paying cities near Orlando, FL, you'll want to consider Lake Mary, FL, which has an average salary of $74,497.
Explore further: National Insurance Insurance Agent Salary
Salary by Location
If you're considering a career as an insurance agent in Florida, it's essential to know that salaries can vary significantly depending on your location. For instance, in Orlando, the average salary for an insurance agent is around $72,188 per year.
In Florida, salaries for insurance agents can range from $70,662 to $96,614, with the average annual salary being $80,763. However, salaries can also vary based on factors such as geographic location, departmental budget, and individual qualifications.
Here are some of the highest paying cities for insurance agents near Orlando, FL:
Keep in mind that these figures are just estimates and can vary based on individual circumstances.
Pay Difference by Location
If you're considering a career as an insurance agent, you'll want to know that salaries can vary significantly depending on where you live. For example, insurance agents in San Francisco, CA can earn up to 25% more than the national average.
Insurance agents in Miami, FL, on the other hand, can expect to earn 3.5% less than the national average. This is a significant difference, and it's essential to consider the cost of living in your area when making a decision.
Here are some of the highest paying cities for insurance agents in Florida, according to recent data:
These cities offer a range of opportunities for insurance agents, from working with well-established companies like State Farm to building relationships with local clients. The salaries listed above are averages, but they give you an idea of what to expect in each location.
It's also worth noting that salaries can vary depending on the state you live in. For example, insurance agents in Maine can earn up to $94,207 per year, while those in West Virginia can earn around $70,748 per year.
Florida Salary
Florida is a popular destination for insurance agents, with varying salaries across the state. Insurance agents in Florida can earn an average of $72,188 per year, but this figure can range from $32,000 for newer agents to $92,091 or even higher for top performers.
The salary distribution in Florida reveals that many agents earn between $47,273 and $108,364, making this a promising career for those willing to invest in their growth. In Orlando, FL, the average salary for an insurance agent is $72,188 per year.
Insurance agents in Florida can also earn significantly more in cities like San Francisco, CA, where the insurance agent salary is 25.0% above the national average, reaching $70,701 per year. In contrast, Miami, FL, has a lower insurance agent salary, 3.5% lower than the national average.
Here's a breakdown of average salaries for insurance agents in major cities in Florida:
Note: These figures are estimates based on various sources, including ZipRecruiter and other online job postings.
Salary in Orlando
In Orlando, FL, the salary for an insurance agent varies widely, reflecting experience and success in the role. On average, insurance agents earn about $72,188 per year.
New agents may start at around $32,000 annually, while those with more experience and a strong client base can earn significantly more, up to $92,091 or even higher, reaching up to $200,000 for top performers.
The distribution of salaries also reveals that many agents earn between $47,273 and $108,364, making this a promising career for those willing to invest in their growth.
Insurance agents in Orlando can expect to earn around $72,188 per year, with top performers reaching up to $200,000.
Here are some average salaries for insurance agents in nearby cities:
Overall, pursuing a career as an insurance agent in Orlando offers valuable financial rewards and opportunities for advancement.
Salary Information
The salary for insurance agents in Florida can vary depending on experience and success in the role. If you're a captive agent, you can earn a salary and commission, with some companies paying between 5 to 10 percent on the policy you sell.
Insurance companies prefer to pay new agents salaries to get them established in the industry, which can be around $13.22 per hour, like entry-level agents in State Farm. With more experience, you can earn more, with top earners making up to $42,000 yearly at State Farm.
The average salary for insurance agents in the U.S. is $52,380, but it can range from $47,838 to $59,087 annually. In Florida, the average salary is around $72,188 per year, with top performers earning up to $200,000.
Independent insurance agents can earn around $47.11 per hour and $97,996 yearly, while insurance brokers with less than four years of experience earn about $50,857 annually. Those with eight years of experience can make up to $115,559 per annum.
Here's a breakdown of the average salaries for insurance agents in Florida:
Keep in mind that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications.
Sources
- https://www.adbanker.com/blog/how-much-life-insurance-agents-make/
- https://careeremployer.com/insurance/insurance-agent-salary/
- https://www.salary.com/research/salary/benchmark/insurance-agent-salary/fl
- https://www.salary.com/research/company/florida-one-insurance-agency/licensed-insurance-agent-salary
- https://www.readysethire.com/job-search/position-salary-in-city/insurance-agent-salary-in-orlando-fl
Featured Images: pexels.com