Insurance Managing Broker Salary in New York

How much does an Insurance Managing Broker make in New York? The average Insurance Managing Broker salary in New York is $224,515 as of May 27, 2021, but the range typically falls between $180,688 and $280,652. 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 York

About New York    New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States. New York cov....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. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience. (Copyright 2021 Salary.com)

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

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Location Avg. Salary Date Updated
Location Accord, NY Avg. Salary $231,604 Date Updated May 27, 2021
Location Acra, NY Avg. Salary $218,770 Date Updated May 27, 2021
Location Adams, NY Avg. Salary $211,408 Date Updated May 27, 2021
Location Adams Basin, NY Avg. Salary $212,301 Date Updated May 27, 2021
Location Adams Center, NY Avg. Salary $211,408 Date Updated May 27, 2021
Location Addison, NY Avg. Salary $206,696 Date Updated May 27, 2021
Location Adirondack, NY Avg. Salary $213,752 Date Updated May 27, 2021
Location Afton, NY Avg. Salary $207,127 Date Updated May 27, 2021
Location Akron, NY Avg. Salary $206,109 Date Updated May 27, 2021
Location Albany, NY Avg. Salary $218,124 Date Updated May 27, 2021

Career Path for this job

  1. Down a level:

    Insurance Senior Broker

    4 - 7 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Managing Broker

    7 + years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Broker Executive


    Bachelor's Degree

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