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 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

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 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.

Number in employment

There are over 70,000 insurance agents and brokers working in Canada.

These occupations may also be of interest:

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

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