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