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 Calgary, Alberta at $36.90 per hour and the lowest average (median) wages are earned in Halifax – Nova Scotia at $20.19 per hour.
A typical full-time annual salary for this occupation is in the region of $45,000 – $65,000.
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
| Location | Low Wage $ per hr |
Average Wage $ per hr |
High Wage $ per hr |
Year |
|---|---|---|---|---|
| Calgary – Alberta* | 22.00 | 36.90 | 67.19 | 2019 |
| Edmonton – Alberta* | 19.38 | 33.17 | 77.95 | 2019 |
| Vancouver / Lower Mainland – British Columbia | 14.35 | 23.50 | 36.26 | 2018 |
| Winnipeg – Manitoba | 14.00 | 22.00 | 31.73 | 2018 |
| Fredericton / Oromocto – New Brunswick | 14.50 | 22.00 | 28.57 | 2018 |
| Halifax – Nova Scotia | 12.75 | 20.19 | 28.85 | 2018 |
| Ottawa – Ontario | 14.00 | 24.52 | 34.62 | 2018 |
| Windsor / Sarnia – Ontario(1) | 14.00 | 24.52 | 34.62 | 2018 |
| Toronto – Ontario | 14.00 | 25.96 | 34.36 | 2018 |
| Kitchener / Waterloo / Barrie – Ontario | 14.00 | 26.92 | 33.65 | 2018 |
| Prince Edward Island | 13.20 | 21.15 | 28.85 | 2018 |
| Montreal – Quebec | 14.00 | 23.75 | 30.91 | 2018 |
| Saskatoon / Biggar – Saskatchewan | 16.50 | 21.76 | 48.25 | 2018 |
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The 2020 full-time average hourly wage rate for retail sales supervisors and specialized sales occupations, which includes insurance agents and brokers, is $25.72. The 2020 corresponding median weekly wage rate is $960, giving an approximate full-time annual salary for this employment group of $50,000.
There are over 70,000 insurance agents and brokers working in Canada.
Insurance Adjusters and Claims Examiners
Insurance Underwriters
Real Estate Agents and Salespersons
If you are even dreaming of becoming an insurance agent, run, not walk, RUN the other way. I was an insurance agent for 30 years. With a CAIB. Made less than $42k in 2020 in the expensive Fraser Valley BC area. You are always promised better pay or hours if only you accomplished a little more. Another professional designation, a few more courses. When I received my CAIB, I received new business cards with my designation shown.Not a raise, not even a greeting card congratulating me. You are considered a professional and are excluded from the labour act regulations, but will be expected to work nights, weekends and statutory holidays. You will be threatened and sworn at by customers and treated like an expendable and disposable commodity by your employer. Run away from this career.