Insurance Broker Salary Canada

See table for salaries.

Average Insurance Agent’s and Broker’s Salary in Canada

The table below details the hourly wages for Insurance Agents and Brokers.

The Canadian national occupation classification code (NOC) for this role is 6231.

Job titles and exact duties vary in this occupation and examples of some job titles are: insurance agent, insurance broker and insurance sales representative.

According to the latest figures, the highest hourly average (median) wages are earned in Edmonton, Alberta at $29.13 per hour and the lowest average (median) wages are earned in Prince Edward Island at $18.00 per hour.

A typical full-time annual salary for this occupation is in the region of $40,000 – $55,000.

Employment prospects for insurance agents and brokers are expected to be good in Canada. Government data indicates that the labour market for this profession will be balanced for the near future.

Average Hourly (Median) Wages for Insurance Agents and Brokers in Canada

LocationLow Wage
$ per hr
Average Wage
$ per hr
High Wage
$ per hr
Year
Calgary – Alberta* 20.0227.2568.722015
Edmonton – Alberta* 20.9229.1362.372015
Vancouver / Lower Mainland Southwest – British Columbia 14.5019.23 29.122014
Winnipeg – Manitoba 14.42 22.12 35.71 2014
Fredericton / Oromocto – New Brunswick(1) 12.8021.0030.222014
Halifax – Nova Scotia 12.5319.2332.212014
Ottawa – Ontario 14.4223.33 41.212014
Windsor / Sarnia – Ontario 14.4223.33 41.212014
Toronto – Ontario 12.25 25.48 43.962014
Kitchener / Waterloo / Barrie – Ontario 13.9422.91 32.822014
Prince Edward Island 11.6618.00 28.982013
Montreal – Quebec 17.3323.63 31.792014
Saskatoon / Biggar – Saskatchewan15.0023.2642.00 2014

Methodology*

Examples of duties include the following:
›› Assessing the insurance requirements of clients and providing quotes
›› Arranging insurance cover
›› Calculating insurance premiums
Comparison with employment group

The 2016 full-time average hourly wage rate for retail sales supervisors and specialized sales occupations, which includes insurance agents and brokers, is $21.03. The 2016 corresponding median weekly wage rate is $828, giving an approximate full-time annual salary for this employment group of $43,000.

These occupations may also be of interest:

Insurance Adjusters and Claims Examiners
Insurance Underwriters
Real Estate Agents and Salespersons