How much does an Insurance Risk Advisor make in Illinois? As of September 01, 2026, the average salary for an Insurance Risk Advisor in Illinois is $60,129 per year, which breaks down to an hourly rate of $29.

However, an Insurance Risk Advisor's salary can vary significantly. Here's a look at the typical salary range:

  • Top Earners (90th percentile): $66,646
  • Majority Range (25th-75th percentile): $54,843 to $63,540
  • Entry-Level (10th percentile): $50,031

Key Factors That Influence Insurance Risk Advisor Salaries

An Insurance Risk Advisor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Insurance Risk Advisor Salaries?

Experience is a primary driver of an Insurance Risk Advisor's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $58,952
  • Early Career (1-2 years): $59,513
  • Mid-Level (2-4 years): $60,224
  • Senior-Level (5-8 years): $60,366
  • Expert (over 8 years): $60,461
Job RoleYears of ExperienceAverage Salary
Entry Level Insurance Risk Advisor less than 1 year $58,952
Early Career Level Insurance Risk Advisor 1-2 years $59,513
Mid-Level Level Insurance Risk Advisor 2-4 years $60,224
Senior-Level Level Insurance Risk Advisor 5-8 years $60,366
Expert Level Insurance Risk Advisor over 8 years $60,461

Top Paying Cities for Insurance Risk Advisor

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Effingham: $55,427
  • Saint Peter: $55,351
  • Salem: $55,561

Insurance Risk Advisor Salary by Industry: Top Paying Sectors

For Insurance Risk Advisor roles, the industry you choose can affect earning potential by as much as 42% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Financial Services sectors offer the strongest compensation, at 20% above the average. In contrast, Insurance Risk Advisor positions in Transportation or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Insurance Risk Advisor as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Risk Advisor

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Healthcare $72,155 $35.0 20%
Financial Services $69,148 $33.0 15%
Internet $69,148 $33.0 15%
Aerospace & Defense $66,743 $32.0 11%
Energy & Utilities $66,142 $32.0 10%

Insurance Risk Advisor Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Risk Advisor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on September 01, 2026
$54,843
Average $60,129/year
$63,540
$4,570
Average $5,011/month
$5,295
$1,055
Average $1,156/week
$1,222
$26
Average $29/hour
$31
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $63,540 $5,295 $1,222 $31
Average $60,129 $5,011 $1,156 $29
25th Percentile $54,843 $4,570 $1,055 $26

Find Your Next Insurance Risk Advisor Job

Ready to take the next step in your career? Browse thousands of current Insurance Risk Advisor job openings on our job board. Use the search bar below to find your perfect match.

  • Senior Benefit Services | Lincoln, IL

    Senior Benefit Services | Lincoln, IL

    Job Description. Job Description. Are you looking for a rewarding career with long-term growth potential. Join the Senior Benefit Services team and make a ... more

    10 Days Ago

  • AllianceBernstein LP | Chicago, IL

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    Senior Client Facing Advisor. We are looking for a senior client facing advisor with a successful track record in insurance general account sales to join A... more

    10 Days Ago

  • New York Life | Downers Grove, IL

    New York Life | Downers Grove, IL

    Job Description. Job Description. We’re looking for experienced financial professionals to join our team dependable team. Whether you’re looking for a chan... more

    8 Days Ago

  • Preferred Risk Insurance | Chicago, IL

    Preferred Risk Insurance | Chicago, IL

    Job Description. Job Description. We are seeking the ideal candidate for our iSeries Developer opening for our growing insurance company. This position wil... more

    8 Days Ago

  • Preferred Risk Insurance | Chicago, IL

    Preferred Risk Insurance | Chicago, IL

    Job Description. Job Description. We are seeking an experienced Regulatory Compliance Professional to join our Compliance Team. The Senior Regulatory Compl... more

    8 Days Ago

  • Confidential | Chicago, IL

    Confidential | Chicago, IL

    Vice President, Risk & Insurance. About the Company. Nationally recognized commercial construction organization with diverse portfolio of active projects a... more

    8 Days Ago

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