Insurance Broker Salary in Massachusetts

How much does an Insurance Broker make in Massachusetts? The average Insurance Broker salary in Massachusetts is $88,355 as of July 27, 2020, but the range typically falls between $76,370 and $107,955. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. View the Cost of Living in Massachusetts

About Massachusetts    Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an are....More

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 2020 Salary.com)

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Location Avg. Salary Date Updated
Location Abington, MA Avg. Salary $89,246 Date Updated July 27, 2020
Location Accord, MA Avg. Salary $89,246 Date Updated July 27, 2020
Location Acton, MA Avg. Salary $89,768 Date Updated July 27, 2020
Location Acushnet, MA Avg. Salary $86,856 Date Updated July 27, 2020
Location Adams, MA Avg. Salary $83,865 Date Updated July 27, 2020
Location Agawam, MA Avg. Salary $86,115 Date Updated July 27, 2020
Location Allston, MA Avg. Salary $93,012 Date Updated July 27, 2020
Location Amesbury, MA Avg. Salary $85,670 Date Updated July 27, 2020
Location Amherst, MA Avg. Salary $85,868 Date Updated July 27, 2020
Location Andover, MA Avg. Salary $87,351 Date Updated July 27, 2020

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

Salary for

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