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Insurance Risk Advisor Salary in Minnesota

How much does an Insurance Risk Advisor make in Minnesota? As of September 01, 2026, the average salary for an Insurance Risk Advisor in Minnesota is $60,365 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): $66,907
  • Majority Range (25th-75th percentile): $55,059 to $63,790
  • Entry-Level (10th percentile): $50,227
Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Check out Insurance Risk Advisor Job Openings in Minnesota

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): $59,183
  • Early Career (1-2 years): $59,747
  • Mid-Level (2-4 years): $60,460
  • Senior-Level (5-8 years): $60,603
  • Expert (over 8 years): $60,698
Job RoleYears of ExperienceAverage Salary
Entry Level Insurance Risk Advisor less than 1 year $59,183
Early Career Level Insurance Risk Advisor 1-2 years $59,747
Mid-Level Level Insurance Risk Advisor 2-4 years $60,460
Senior-Level Level Insurance Risk Advisor 5-8 years $60,603
Expert Level Insurance Risk Advisor over 8 years $60,698

How Do Insurance Risk Advisor Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Risk Advisors. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $65,314.
  • California: $65,067.
  • Massachusetts: $64,199.

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:

  • Conger: $57,795
  • Courtland: $57,729
  • Darfur: $57,432

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 $72,438 $35.0 20%
Financial Services $69,420 $33.0 15%
Internet $69,420 $33.0 15%
Aerospace & Defense $67,005 $32.0 11%
Energy & Utilities $66,402 $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
$55,059
Average $60,365/year
$63,790
$4,588
Average $5,030/month
$5,316
$1,059
Average $1,161/week
$1,227
$26
Average $29/hour
$31
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $63,790 $5,316 $1,227 $31
Average $60,365 $5,030 $1,161 $29
25th Percentile $55,059 $4,588 $1,059 $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.

  • American Senior Benefits | Duluth, MN

    MN

    American Senior Benefits | Duluth, MN

    Grit Drive Empathy Energy. Grit, drive, empathy, energy are these your super powers. Because this describes the culture at American Senior Benefits. Americ... more

    11 Days Ago

  • Triad Financial Services Inc | ADDISON, TX

    Insurance Sales Advisor

    Triad Financial Services Inc | ADDISON, TX

    Overview. Triad Financial Services is seeking a high-performing Insurance Sales Advisor to grow our insurance business by serving our existing base of manu... more

    22 Days Ago

  • Legacy Risk Solutions LLC | VALDOSTA, GA

    Commercial Lines Insurance Marketing Specialist

    Legacy Risk Solutions LLC | VALDOSTA, GA

    Description. About Legacy Risk Solutions. Legacy Risk Solutions is a leading independent insurance agency platform headquartered in Gainesville, Georgia. T... more

    22 Days Ago

  • Horace Mann | ROCK SPRINGS, WY

    Insurance Agent

    Horace Mann | ROCK SPRINGS, WY

    Horace Mann is seeking an Insurance Agent to serve K–12 educators and school employees. In this role, you will provide personalized auto, home, life, suppl... more

    7 Days Ago

  • Horace Mann | BOZEMAN, MT

    Insurance Agent

    Horace Mann | BOZEMAN, MT

    Horace Mann is seeking an Insurance Agent to serve K–12 educators and school employees. In this role, you will provide personalized auto, home, life, suppl... more

    7 Days Ago

  • Horace Mann | GREAT FALLS, MT

    Insurance Agent

    Horace Mann | GREAT FALLS, MT

    Horace Mann is seeking an Insurance Agent to serve K–12 educators and school employees. In this role, you will provide personalized auto, home, life, suppl... more

    7 Days Ago

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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