Insurance Senior Broker Salary in Washington, District of Columbia

How much does an Insurance Senior Broker make in Washington, DC? The average Insurance Senior Broker salary in Washington, DC is $164,471 as of May 27, 2021, but the range typically falls between $134,719 and $208,473. 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 Washington, District of Columbia    Washington, D.C. is located in the mid-Atlantic region of the U.S. East Coast. Due to the District of Columbia retrocession, the city has a total area....More

Washington, District of Columbia  area prices were up 1.3% from a year ago    View the Cost of Living in Washington, District of Columbia

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 advise 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. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4 -7 years of related experience. (Copyright 2021 Salary.com)

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Step of 3

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

Average Base Salary

Core compensation

 
 
 
134719
208473
164471

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
146690
232173
180580
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Senior Broker in Washington, DC. The base salary for Insurance Senior Broker ranges from $134,719 to $208,473 with the average base salary of $164,471. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $146,690 to $232,173 with the average total cash compensation of $180,580.
Step of 3

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

134719
208473

 

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Career Path for this job

  1. Down a level:

    Insurance Broker

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Senior Broker

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Managing Broker

    7 + years experience
    Bachelor's Degree

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Job Openings for Insurance Senior Broker in Washington, DC