Agents, Insurance


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Agents, Insurance

Agents, Insurance - Wages & Trends

Independent insurance agents usually are paid solely by commission. This means they earn a percentage on every insurance policy they sell. The more they sell, the more they earn. Agents who work for one company may be paid by salary only, salary and commission, or salary and bonus. Many insurance agents receive bonuses after reaching sales goals.

Agents who work full time for one company usually receive benefits. Common benefits include paid training, health insurance, and retirement plans. They may also be paid for travel expenses and attendance at conferences. Independent agents may receive fewer benefits. However, they may earn more commissions by selling for several companies. These earnings help to cover independent insurance agents' expenses.

Insurance sales agents (SOC 41-3021)
Location
Pay Period
25%
Median
75%
Illinois Hourly (1) (1) (1)
Yearly (1) (1) (1)
    Champaign Area Hourly $20.76 $24.59 $39.14
Yearly $43,184 $51,140 $81,417
    Charleston-Effingham-Centralia Area Hourly $19.77 $22.47 $30.48
Yearly $41,125 $46,726 $63,405
    Cook County Hourly $23.11 $31.00 $49.29
Yearly $48,077 $64,489 $102,531
    Dekalb-Elgin-Aurora Area Hourly $22.10 $24.40 $40.38
Yearly $45,966 $50,754 $84,008
    Edwardsville Area Hourly $18.70 $24.56 $36.76
Yearly $38,910 $51,071 $76,472
    Jacksonville-Carlinville-Litchfield Area Hourly $18.44 $28.78 $45.08
Yearly $38,356 $59,849 $93,773
    Kankakee-Morris-Pontiac Area Hourly $17.62 $23.72 $38.43
Yearly $36,634 $49,327 $79,925
    Lake County Hourly $22.84 $30.17 $44.87
Yearly $47,504 $62,765 $93,336
    Mt. Vernon-Marion-Carbondale Area Hourly $17.98 $20.03 $28.64
Yearly $37,394 $41,646 $59,582
    Northwest Illinois Area Hourly $19.25 $23.22 $37.29
Yearly $40,050 $48,302 $77,565
    Peoria-Bloomington Area Hourly $18.26 $23.11 $38.58
Yearly $37,980 $48,075 $80,254
    Quincy-Macomb-Galesburg Area Hourly $14.49 $28.78 $45.10
Yearly $30,144 $59,849 $93,805
    Rock Island-Moline Area Hourly $24.15 $28.60 $30.77
Yearly $50,230 $59,484 $64,010
    Rockford Area Hourly $19.14 $22.73 $37.03
Yearly $39,814 $47,260 $77,023
    Springfield Area Hourly $17.76 $24.07 $30.77
Yearly $36,951 $50,075 $64,009
    St. Louis-Belleville Area Hourly $18.66 $24.39 $31.15
Yearly $38,808 $50,732 $64,780
    Vermilion County Hourly (1) (1) (1)
Yearly (1) (1) (1)
United States Hourly $19.25 $27.82 $39.41
Yearly $40,030 $57,860 $81,970
(1) Wage estimate isn't available.

Source: Illinois Career Information System (CIS) brought to you by Illinois Department of Employment Security.