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 $22.72 $24.78 $37.33
Yearly $47,257 $51,532 $77,633
    Champaign Area Hourly $22.79 $29.04 $42.27
Yearly $47,407 $60,404 $87,911
    Charleston-Effingham-Centralia Area Hourly $20.40 $24.07 $30.29
Yearly $42,448 $50,049 $63,002
    Cook County Hourly $23.46 $28.20 $38.40
Yearly $48,796 $58,645 $79,881
    Dekalb-Elgin-Aurora Area Hourly $23.67 $24.78 $30.74
Yearly $49,237 $51,532 $63,937
    Du Page County Hourly $23.62 $24.78 $37.37
Yearly $49,132 $51,532 $77,717
    Edwardsville Area Hourly $18.73 $26.73 $35.31
Yearly $38,963 $55,579 $73,442
    Jacksonville-Carlinville-Litchfield Area Hourly $18.21 $24.93 $39.97
Yearly $37,882 $51,862 $83,126
    Kankakee-Morris-Pontiac Area Hourly $22.49 $24.78 $35.32
Yearly $46,794 $51,532 $73,467
    Lake County Hourly $24.06 $28.20 $38.00
Yearly $50,045 $58,645 $79,037
    Northwest Illinois Area Hourly $17.97 $22.67 $29.26
Yearly $37,366 $47,142 $60,874
    Peoria-Bloomington Area Hourly $18.95 $22.22 $34.12
Yearly $39,415 $46,213 $70,974
    Quincy-Macomb-Galesburg Area Hourly $17.55 $28.91 $46.39
Yearly $36,510 $60,135 $96,495
    Rock Island-Moline Area Hourly $22.37 $30.25 $46.65
Yearly $46,534 $62,905 $97,039
    Rockford Area Hourly $19.32 $23.07 $32.25
Yearly $40,185 $48,000 $67,081
    Shawnee National Forest Area Hourly $17.86 $22.24 $26.61
Yearly $37,135 $46,264 $55,362
    Springfield Area Hourly $17.85 $24.28 $31.58
Yearly $37,120 $50,498 $65,667
    Vermilion County Hourly $19.01 $22.40 $28.14
Yearly $39,540 $46,591 $58,512
United States Hourly $20.89 $28.40 $40.11
Yearly $43,440 $59,080 $83,420

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