Insurance Broker Salary in Danbury, Connecticut

How much does an Insurance Broker make in Danbury, CT? The average Insurance Broker salary in Danbury, CT is $98,219 as of December 27, 2022, but the range typically falls between $84,906 and $120,025. Salary ranges 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 Danbury, Connecticut    Danbury is a city in Fairfield County, Connecticut, United States, located approximately 50 miles (80 km) northeast of New York City making it part of....More

Danbury, Connecticut  area prices were up 1.7% from a year ago    View the Cost of Living in Danbury, Connecticut

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 2023 Salary.com)

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Step of 3

Understand the total compensation opportunity for a Insurance Broker, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
84906
120025
98219

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
87988
128375
103181
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Broker in Danbury, CT. The base salary for Insurance Broker ranges from $84,906 to $120,025 with the average base salary of $98,219. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $87,988 to $128,375 with the average total cash compensation of $103,181.
Step of 3

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

84906
120025

 

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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

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Job Openings for Insurance Broker in Danbury, CT