The average salary of an insurance agent in the United States is $50,000 per year, according to the Bureau of Labor Statistics (BLS). This figure includes commissions, bonuses, and other forms of compensation. Insurance agents can earn more or less depending on their experience, the company they work for, and the type of insurance they sell. For instance, agents who sell life insurance typically earn more than those who sell property and casualty insurance.
In addition to a salary, insurance agents often receive benefits from their employers. These can include health insurance, retirement plans, and other perks such as company cars or travel allowances. Agents may also be eligible for bonuses based on the number of policies they sell.
The job outlook for insurance agents is positive. The BLS projects that employment of insurance agents will grow by 10 percent from 2019 to 2029, which is faster than the average for all occupations. This growth is due to an increasing demand for insurance products as the population ages and more people purchase homes and cars.