Insurance Senior Broker Salary in the United States

How much does an Insurance Senior Broker make in the United States? The average Insurance Senior Broker salary in the United States is $157,729 as of May 25, 2023, but the range typically falls between $129,212 and $199,928. 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.  View the Cost of Living in Major Cities

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 2023 Salary.com)

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

Average Base Salary

Core compensation

 
 
 
129212
199928
157729

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
140686
222648
173171
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 the United States. The base salary for Insurance Senior Broker ranges from $129,212 to $199,928 with the average base salary of $157,729. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $140,686 to $222,648 with the average total cash compensation of $173,171.
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129212
199928

 

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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