These Are The 10 Highest Insurance Agent Salaries By State (2024)

Research Summary. After extensive research by the Zippia data science team, we identified these details of insurance agent salary by state for the United States:

  • Hawaii has the highest insurance agent salary of $74,219

  • Vermont has the lowest insurance agent salary of $39,804

  • The national average salary for insurance agents is $51,936

  • The national hourly pay for insurance agents is $24.97

You can read more on the specific methodology.

Background

Without fail, in surveys across basically every demographic, the number one most important aspect of a job for most people is the salary — how much do insurance agents get paid where I live?

And while there are many things to go into how much you, specifically, can expect to make, there’s really good data for average salaries for insurance agent by state across America broken down by seniority level. So while your city may be slightly different than the state average, these averages give you a rough sense of what to expect for your salary.

The state with the best salary for insurance agents after this adjustment? That would be Hawaii.

Here’s a quick snapshot of the top ten states for insurance agent salaries:

  1. Hawaii (Jobs)

  2. New York (Jobs)

  3. Arizona (Jobs)

  4. Washington (Jobs)

  5. Massachusetts (Jobs)

  6. Colorado (Jobs)

  7. New Jersey (Jobs)

  8. Texas (Jobs)

  9. Oregon (Jobs)

  10. Florida (Jobs)

Let’s take a look at how we got here and a full ranking of all the states.

Highest-Paid Insurance Agents By State

RankStateAverage Insurance Agent Salary10th Percentile90th Percentile
1Hawaii$74,219$50,000$108,000
2New York$69,722$39,000$124,000
3Arizona$64,714$38,000$110,000
4Washington$64,337$37,000$110,000
5Massachusetts$63,287$35,000$112,000
6Colorado$62,615$37,000$104,000
7New Jersey$62,157$34,000$110,000
8Texas$61,819$36,000$104,000
9Oregon$60,106$34,000$104,000
10Florida$58,941$34,000$99,000
11Connecticut$57,617$32,000$102,000
12Mississippi$57,600$34,000$97,000
13Alabama$57,361$33,000$97,000
14North Carolina$56,243$32,000$96,000
15California$55,531$31,000$96,000
16Iowa$54,587$32,000$90,000
17Maryland$54,357$31,000$95,000
18New Hampshire$54,141$30,000$96,000
19Wisconsin$53,332$32,000$88,000
20Indiana$53,237$31,000$89,000
21Rhode Island$53,048$29,000$94,000
22Nevada$52,959$30,000$92,000
23Illinois$52,533$31,000$87,000
24Ohio$52,212$30,000$88,000
25South Dakota$52,057$31,000$85,000
26Nebraska$51,737$31,000$85,000
27Virginia$51,298$29,000$89,000
28Pennsylvania$50,690$28,000$89,000
29Louisiana$50,679$29,000$86,000
30Georgia$50,603$29,000$85,000
31Kentucky$50,433$29,000$85,000
32Minnesota$50,284$30,000$82,000
33New Mexico$50,214$29,000$85,000
34Oklahoma$49,518$29,000$82,000
35Missouri$49,478$29,000$82,000
36Arkansas$46,175$27,000$77,000
37North Dakota$45,646$28,000$73,000
38South Carolina$45,634$26,000$77,000
39Alaska$45,202$30,000$66,000
40Michigan$45,027$26,000$76,000
41Kansas$43,871$26,000$73,000
42Delaware$43,626$24,000$76,000
43Utah$43,306$25,000$73,000
44Wyoming$43,253$26,000$71,000
45Idaho$43,250$25,000$73,000
46West Virginia$41,910$24,000$71,000
47Montana$41,900$25,000$69,000
48Tennessee$40,957$24,000$69,000
49Maine$40,933$23,000$72,000
50Vermont$39,804$22,000$70,000

Methodology: Insurance Agent Salary By State

To better understand insurance agent pay by state, Zippia has aggregated data across a multitude of channels including the BLS, FLC, and OPM. We then supplement that data with actual listed salaries from job posts. Finally, the data science team calculates a weighted average of these inputs to create an average pay for insurance agents by state.

We took the average annual salary data for insurance agents from these estimates and ranked every state on this criteria with the state with the highest salary ranking as highest average salary for insurance agents.

Insurance Agent Salary By State FAQs

  1. What is the highest-paid state for insurance agents?

    The highest-paid state for insurance agents is Hawaii with an average salary of $74,219 per year.

  2. What city pays insurance agents the most?

    New York, NY pays insurance agents the most with an average salary of $70,230 per year.

  3. What is the worst state for insurance agents?

    The worst state for insurance agents is Vermont with an average salary of $39,804 per year.

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Insurance Agent Resources

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These Are The 10 Highest Insurance Agent Salaries By State (1)

Author

Chris KolmarThese Are The 10 Highest Insurance Agent Salaries By State (2)

Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job.His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news.More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.

These Are The 10 Highest Insurance Agent Salaries By State (2024)

FAQs

These Are The 10 Highest Insurance Agent Salaries By State? ›

Best-Paying States for Insurance Sales Agents

The states and districts that pay Insurance Sales Agents the highest mean salary are New York ($104,850), New Jersey ($100,590), Massachusetts ($94,830), California ($92,670), and Minnesota ($90,490). How Much Do Insurance Sales Agents Make in Your City?

Which state pays insurance agents the most? ›

Best-Paying States for Insurance Sales Agents

The states and districts that pay Insurance Sales Agents the highest mean salary are New York ($104,850), New Jersey ($100,590), Massachusetts ($94,830), California ($92,670), and Minnesota ($90,490). How Much Do Insurance Sales Agents Make in Your City?

Who is the highest paid insurance agent? ›

Meet the world's highest earning insurance agent
  • Meet the world's highest earning insurance agent.
  • Gideon du Plessis failed in the 10th standard and never went to college. ...
  • A record he has maintained over the last 12-14 years, selling 700 policies yearly. ...
  • What is Plessis' secret of success?

What type of insurance pays the highest commissions? ›

Whole life insurance commission rates

Insurance agents receive the highest commission rates for whole life insurance plans, often more than 100% of the total premiums for the policy's first year. The exact percentage depends on the age of the policyholder.

How much do top State Farm insurance agents make? ›

State Farm Agent Salary in Los Angeles, CA
Annual SalaryHourly Wage
Top Earners$107,212$52
75th Percentile$83,000$40
Average$65,904$32
25th Percentile$47,900$23

Which insurance company gives highest commission to an agent? ›

1,236 crore to agents in FY 2021. Max Life and LIC are the highest commission paying life insurers in India as their commission outgo is in excess of 5.5% of their total premium income, shows LIC's draft IPO prospectus. Max Life pays the highest commission to agents.

Where is the best place to be an insurance agent? ›

The best U.S. cities to be an insurance agent
  • Corpus Christi, Texas. Total insurance agent jobs: 5. ...
  • Henderson, Nevada. Total insurance agent jobs: 11. ...
  • Chandler, Arizona. Total insurance agent jobs: 7. ...
  • El Paso, Texas. Total insurance agent jobs: 5. ...
  • San Antonio, Texas. ...
  • Scottsdale, Arizona. ...
  • Arlington, Texas. ...
  • Mesa, Arizona.
Jan 23, 2024

Can a insurance agent be a millionaire? ›

If you have a great work ethic and are willing to place yourself out there to establish relationships with clients, you will get more opportunities to earn a higher income. Selling insurance may even make you a millionaire.

Which insurance company has the best salary? ›

Highest Paying Insurance Companies in 2024
  • GEICO. One of the top-paying insurance companies to work for, GEICO offers competitive salaries and benefits. ...
  • AIG Life & Retirement. ...
  • Prudential Financial. ...
  • MetLife. ...
  • State Farm Insurance.

Why are insurance agents so rich? ›

One of the primary reasons insurance agents can accumulate wealth is their commission-based income structure. Unlike salaried employees, agents earn a percentage of the premiums they sell to clients. As they build a client base and generate more sales, their income potential increases.

What company pays the best commission? ›

Here are the 12 Highest Commission Sales Jobs
  • Snowflake – Enterprise Account Executive. ...
  • Workday – Account Executive, Key Accounts. ...
  • Sumo Logic – Enterprise Account Executive. ...
  • Salesforce – Account Executive, L9. ...
  • DocuSign – Enterprise Account Director, P5. ...
  • Paycom – Executive Sales Representative.

Why did I quit being an insurance agent? ›

#1 Low Motivation

To be a thriving insurance agent, you have to want to succeed. Failure to work hard is one of the top reasons people in this industry want to call it quits. While it's true that this job isn't easy, it's also true that it can be very rewarding when you allow it to be.

What is the best insurance to sell? ›

Life insurance is the most profitable—and the hardest—type of insurance to sell. With the highest premiums and the longest-running contract, it brings in cash over a long period of time. In the first year, agents make the largest annual sum on a policy, bringing in anywhere from 40–120% of the policy premium.

What insurance company pays their agents the most? ›

Top companies for Insurance Agents in United States
  • Family First Life. 3.5 $114,181per year. 417 reviews54 salaries reported.
  • New York Life. 3.7 $80,828per year. 3,913 reviews257 salaries reported.
  • Farmers Insurance Group. 3.5 $67,888per year. ...
  • Aflac. 3.5 $64,459per year. ...
  • GEICO. 3.2 $62,402per year. ...
  • Show more companies.

What states do insurance agents make the most money? ›

Highest-Paid Insurance Agents By State
RankStateAverage Insurance Agent Salary
1Hawaii$74,219
2New York$69,722
3Arizona$64,714
4Washington$64,337
46 more rows
Mar 20, 2024

How long do most insurance agents last? ›

Once you earn your license as an insurance agent, you immediately want to get out there and begin making money. Yet, statistics show though that many new agents don't make it very far. For instance, over 90% of new life insurance agents quit within year one. Many more depart within five years.

What is the best state to sell insurance in? ›

10 Best States to Be an Insurance Agent
  1. Georgia. According to data from the U.S. Bureau of Labor Statistics, the average wage of an insurance agent is $83,760, but the numbers are even sweeter in The Peach State. ...
  2. Wisconsin. ...
  3. Minnesota. ...
  4. Indiana. ...
  5. Delaware. ...
  6. Alabama. ...
  7. Nebraska. ...
  8. Ohio.
Jan 11, 2023

Where do insurance companies make the most money? ›

Insurance companies make money primarily from premium income, but they also invest the accumulated premiums in financial instruments to generate investment income. They also earn revenue from sources such as fees for policy services and commissions from partnering with agents and brokers.

What state pays the most for customer service? ›

What Is the Average Customer Representative Salary by State
StateAnnual SalaryWeekly Pay
New York$40,299$774
Illinois$39,961$768
Virginia$39,815$765
Vermont$39,389$757
46 more rows

How much does a licensed insurance agent make in Texas? ›

$53,600 is the 25th percentile. Salaries below this are outliers. $113,700 is the 75th percentile.

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