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 $32.97 per hour and the lowest average (median) wages are earned in Winnipeg, Manitoba at $19.00 per hour.

A typical full-time annual salary for this occupation is in the region of $40,000 – $60,000.

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* 21.65 22.96 88.99 2017
Edmonton – Alberta* 22.96 32.97 54.95 2017
Vancouver / Lower Mainland Southwest – British Columbia 15.00 22.50 36.54 2016
Winnipeg – Manitoba 13.14 19.00 33.65 2016
Fredericton / Oromocto – New Brunswick(1) 13.94 20.19 30.22 2016
Halifax – Nova Scotia 12.75 21.63 38.46 2016
Ottawa – Ontario 13.00 23.00 38.46 2016
Windsor / Sarnia – Ontario 13.00 23.00 38.46 2016
Toronto – Ontario 12.50 23.08 38.46 2016
Kitchener / Waterloo / Barrie – Ontario 14.00 23.33 44.87 2016
Prince Edward Island
Montreal – Quebec 15.50 25.00 38.50 2016
Saskatoon / Biggar – Saskatchewan 15.38 24.04 34.62 2016

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 2018 full-time average hourly wage rate for retail sales supervisors and specialized sales occupations, which includes insurance agents and brokers, is $23.05. The 2018 corresponding median weekly wage rate is $817, giving an approximate full-time annual salary for this employment group of $42,000.

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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