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 $23.52 $29.17 $48.03
Yearly $48,927 $60,676 $99,889
    Champaign Area Hourly $22.65 $24.41 $38.81
Yearly $47,116 $50,774 $80,729
    Charleston-Effingham-Centralia Area Hourly $22.41 $23.81 $37.17
Yearly $46,612 $49,529 $77,315
    Cook County Hourly $23.91 $31.72 $49.47
Yearly $49,720 $65,978 $102,886
    Decatur Area Hourly $22.92 $24.58 $35.99
Yearly $47,690 $51,136 $74,862
    Dekalb-Elgin-Aurora Area Hourly $23.91 $28.67 $47.63
Yearly $49,720 $59,630 $99,059
    Du Page County Hourly $23.92 $31.34 $48.84
Yearly $49,756 $65,184 $101,573
    Edwardsville Area Hourly $23.70 $27.80 $36.86
Yearly $49,309 $57,821 $76,681
    Jacksonville-Carlinville-Litchfield Area Hourly $19.35 $24.58 $35.96
Yearly $40,249 $51,135 $74,804
    Kankakee-Morris-Pontiac Area Hourly $23.53 $27.10 $36.86
Yearly $48,936 $56,371 $76,676
    Lake County Hourly $23.55 $28.49 $46.24
Yearly $48,986 $59,259 $96,169
    Northwest Illinois Area Hourly $17.70 $23.42 $30.68
Yearly $36,820 $48,703 $63,806
    Peoria-Bloomington Area Hourly $20.23 $24.15 $36.22
Yearly $42,060 $50,239 $75,333
    Rock Island-Moline Area Hourly $17.35 $30.65 $57.83
Yearly $36,089 $63,769 $120,296
    Rockford Area Hourly $22.53 $24.45 $34.00
Yearly $46,859 $50,843 $70,716
    Shawnee National Forest Area Hourly $17.83 $22.61 $26.98
Yearly $37,096 $47,029 $56,118
    Springfield Area Hourly $16.94 $25.67 $37.95
Yearly $35,234 $53,391 $78,920
    Vermilion County Hourly $23.18 $27.80 $39.49
Yearly $48,208 $57,830 $82,138
United States Hourly $21.88 $29.02 $43.82
Yearly $45,520 $60,370 $91,150

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