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 $22.69 $31.18 $47.72
Yearly $47,206 $64,866 $99,266
    Champaign Area Hourly $21.33 $25.74 $37.11
Yearly $44,366 $53,536 $77,174
    Charleston-Effingham-Centralia Area Hourly $22.50 $28.57 $37.23
Yearly $46,799 $59,412 $77,424
    Cook County Hourly $24.07 $36.91 $51.28
Yearly $50,058 $76,775 $106,664
    Decatur Area Hourly $20.04 $27.86 $31.03
Yearly $41,694 $57,942 $64,542
    Dekalb-Elgin-Aurora Area Hourly $21.80 $27.73 $36.73
Yearly $45,331 $57,682 $76,408
    Du Page County Hourly $22.93 $31.84 $48.47
Yearly $47,682 $66,231 $100,816
    Edwardsville Area Hourly $23.67 $28.71 $35.36
Yearly $49,233 $59,713 $73,539
    Jacksonville-Carlinville-Litchfield Area Hourly $17.95 $23.97 $35.33
Yearly $37,341 $49,854 $73,480
    Kankakee-Morris-Pontiac Area Hourly $21.68 $27.86 $37.28
Yearly $45,076 $57,942 $77,525
    Lake County Hourly $22.38 $26.28 $38.09
Yearly $46,546 $54,660 $79,227
    Mt Vernon-Marion-Carbondale Area Hourly $19.21 $22.28 $28.90
Yearly $39,968 $46,342 $60,118
    Northwest Illinois Area Hourly $18.33 $23.91 $49.44
Yearly $38,127 $49,721 $102,838
    Peoria-Bloomington Area Hourly $23.65 $31.29 $47.65
Yearly $49,202 $65,096 $99,112
    Quincy-Macomb-Galesburg Area Hourly $17.95 $23.65 $32.04
Yearly $37,341 $49,202 $66,634
    Rock Island-Moline Area Hourly $24.08 $27.99 $41.02
Yearly $50,076 $58,221 $85,322
    Rockford Area Hourly $18.66 $27.58 $34.61
Yearly $38,800 $57,369 $71,991
    Shawnee National Forest Area Hourly $19.18 $21.70 $26.60
Yearly $39,899 $45,121 $55,333
    Springfield Area Hourly $17.95 $24.47 $34.46
Yearly $37,341 $50,891 $71,676
    St Louis-Belleville Area Hourly $22.19 $27.26 $35.36
Yearly $46,152 $56,683 $73,540
    Vermilion County Hourly $24.28 $37.28 $45.81
Yearly $50,498 $77,533 $95,291
United States Hourly $22.53 $29.94 $46.61
Yearly $46,870 $62,280 $96,950

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