Insurance Broker Salary in New Jersey

How much does an Insurance Broker make in New Jersey? The average Insurance Broker salary in New Jersey is $91,171 as of October 30, 2019, but the range typically falls between $78,801 and $111,406. 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 New Jersey

About New Jersey    New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newa....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 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. 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 2019 Salary.com)

Select a city to view specific salary and bonus information for Insurance Broker

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Location Avg. Salary Date Updated
Location Absecon, NJ Avg. Salary $87,103 Date Updated October 30, 2019
Location Adelphia, NJ Avg. Salary $92,584 Date Updated October 30, 2019
Location Allamuchy, NJ Avg. Salary $91,891 Date Updated October 30, 2019
Location Allendale, NJ Avg. Salary $93,404 Date Updated October 30, 2019
Location Allenhurst, NJ Avg. Salary $92,805 Date Updated October 30, 2019
Location Allentown, NJ Avg. Salary $91,461 Date Updated October 30, 2019
Location Allenwood, NJ Avg. Salary $92,684 Date Updated October 30, 2019
Location Alloway, NJ Avg. Salary $86,303 Date Updated October 30, 2019
Location Alpine, NJ Avg. Salary $93,323 Date Updated October 30, 2019
Location Andover, NJ Avg. Salary $92,506 Date Updated October 30, 2019

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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