Licensed Insurance Sales Agent Salary in the US

The salary for a licensed insurance sales agent in the US can vary depending on the type of insurance being sold, the location, and the agent's level of experience. On average, a licensed insurance sales agent can earn around $50,000 per year.

According to the Bureau of Labor Statistics, the median annual salary for insurance sales agents in the US is $50,610. This number can range from around $30,000 for entry-level positions to over $100,000 for top-performing agents.

In terms of specific job titles, a life insurance sales agent can earn an average salary of $60,000 per year, while a health insurance sales agent can earn an average of $55,000 per year. Property and casualty insurance sales agents tend to earn slightly higher salaries, averaging around $65,000 per year.

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As an insurance sales agent, you can expect to earn a decent income, but the salary varies widely depending on factors like location, experience, and type of insurance sold. The Bureau of Labor Statistics (BLS) reports that insurance agents earn a mean annual salary of $79,650 or an hourly rate of $37.

The BLS also provides percentile wage estimates for insurance agents, which can give you a better idea of what to expect. For example, the 10th percentile salary is $31,530 per year, while the 75th percentile salary is $81,970 per year.

Here's a rough idea of what insurance sales agents can earn at different percentiles:

Some insurance sales agents can earn even higher salaries, especially if they work for a large company or have a strong client network. For example, an Insurance Agent/Insurance Professional can earn up to $169,223 per year.

Salary by Location can vary significantly depending on where you live and work.

In some states, Insurance Agents can earn upwards of $70,000 per year, with Rhode Island leading the pack at $68,953. Nebraska and Arizona follow closely behind, with average salaries of $63,375 and $64,895, respectively.

The District of Columbia takes the top spot for highest-paying cities, with an average salary of $74,193. San Francisco, CA, is a close second, with an average salary of $70,835.

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In contrast, some states have lower average salaries, such as Iowa, where the average salary is $43,649, and Alaska, where the average salary is $43,158.

Here's a list of the top 5 highest-paying states for Insurance Agents, based on average salary:

Keep in mind that these figures are just averages, and actual salaries can vary depending on factors like experience, company, and specific location within a city or state.

Insurance salaries can vary greatly depending on factors like location, industry presence, and experience level. Insurance agents in California earn an average yearly salary of $62,505, while those in Massachusetts earn $61,655.

Experience level significantly impacts an insurance agent's salary. Entry-level agents with less than 1 year of experience earn around $53,471, while senior-level professionals with 5-8 years of experience earn about $60,321.

Insurance agents can earn up to $130,350 per year, according to the Bureau of Labor Statistics. In fact, the 90th percentile wage estimate for insurance agents is $130,350, indicating that many agents can earn six-figure salaries.

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The cost of living and local economies also play a role in determining insurance agent salaries. For example, San Francisco, CA, has an average yearly salary of $70,835, while Boston, MA, has an average annual salary of $63,525.

Here's a breakdown of average salaries for different types of insurance agents:

Some companies, like Aflac, Combined Insurance, and New York Life Insurance, are hiring licensed insurance agents with high salaries. Insurance broker, licensed insurance producer, and insurance producer are among the highest-paying types of licensed insurance agents.