Insurance Broker Salary in Berkeley, California

How much does an Insurance Broker make hourly in Berkeley, CA? The average hourly wage for an Insurance Broker in Berkeley, CA is $47 as of April 27, 2020, but the range typically falls between $40 and $57. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

About Berkeley, California    Berkeley (/ˈbɜːrkli/ BURK-lee) is a city on the east shore of San Francisco Bay in northern Alameda County, California. It is named after the 18th-cen....More

Berkeley, California  area prices were up 4.5% from a year ago    View the Cost of Living in Berkeley, California

Job Description

Develops and markets customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Assesses and negotiates quotes from different carriers based on exposure, risk, and financing. Develops recommendations to advises customers on the best options that will meet their needs and to place and retain the business. Requires knowledge of complex insurance products and a variety of lines such as commercial property & casualty, employee benefits, and others. Requires a bachelor's degree. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management). Typically reports to a supervisor or manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2 -4 years of related experience. (Copyright 2020 Salary.com)

Take just three simple steps below to generate your own personalized salary report.

Step of 3

Understand the total hourly compensation opportunity for a Insurance Broker, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
40
57
47

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
42
61
49
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Insurance Broker in Berkeley, CA. The average hourly rate for Insurance Broker ranges from $40 to $57 with the average hourly pay of $47. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $42 to $61 with the average total hourly cash compensation of $49.
Step of 3

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For a real-time salary target, tell us more about your role in the four categories below.

40
57

 

Step of 3

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Career Path for this job

  1. Down a level:

    Insurance Broker Trainee

    0 - 2 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Broker

    2 - 4 years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Senior Broker

    4 - 7 years experience
    Bachelor's Degree

Salary for

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Job Openings for Insurance Broker in Berkeley, CA