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.
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 |