Haris Ashley
Auto insurance agents in California earn an average annual salary of $37,648, with the range typically falling between $29,201 and $50,483. However, some sources state that the average salary for insurance agents in California is $61,436, with a range of $56,109 to $69,302, or even as high as $104,104, with a range of $89,765 to $127,168. The wide variation in salary estimates may be due to factors such as location, education, certifications, additional skills, and years of experience.
| Characteristics | Values |
|---|---|
| Average Annual Salary | $37,648 - $104,104 |
| Salary Range | $17,818 - $127,168 |
| Average Monthly Salary | $3,137 |
| Average Weekly Salary | $724 |
| Average Hourly Rate | $18.10 |
| 25th Percentile | $29,201 |
| 75th Percentile | $50,483 |
| 90th Percentile | $66,816 |
What You'll Learn
Average salary
The average salary for an auto insurance agent in California varies depending on the source and the date of the report. According to ZipRecruiter, as of July 7, 2022, the average annual pay for an auto insurance agent in California was $37,648, which equates to approximately $18.10 an hour, $724 per week, or $3,137 per month. However, a report from Salary.com states that as of June 27, 2024, the average salary for an auto insurance agent in California was $104,104, with a typical range of $89,765 to $127,168. This range can vary depending on factors such as city, education, certifications, additional skills, and years of experience.
According to the Bureau of Labor Statistics (BLS), the median wage for insurance sales agents was $49,840 in May 2021, with the lowest 10% of earners making less than $29,970 and the highest 10% earning more than $126,510 per year. It is worth noting that these figures are not specific to auto insurance agents or California.
Indeed reports a much higher average base salary for insurance agents in California of $96,436 per year, based on 3.3k salaries reported as of July 14, 2024.
The wide range in reported salaries may be due to differences in the specific job responsibilities, commissions, and benefits associated with each position. Additionally, the type of agent, such as captive or independent, can also impact earnings, with independent agents typically earning higher commissions.
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Salary range
The salary range for auto insurance agents in California varies depending on several factors, including experience, location, and skills. As of June 2024, the average salary for an auto insurance agent in California is $104,104, with a typical range of $89,765 to $127,168. However, some sources provide a lower average salary of $37,648, with a range of $17,818 to $83,150.
The salary for auto insurance agents can also vary depending on whether they are captive agents or independent agents. Captive agents work directly for insurance companies and typically earn a lower commission of 5% to 10% on the first year's premium. On the other hand, independent agents represent multiple insurance companies and usually receive a higher commission of 15% on new policies.
According to the Bureau of Labor Statistics (BLS), the median wage for insurance sales agents was $49,840 in May 2021, with the lowest 10% earning less than $29,970 and the highest 10% earning more than $126,510.
In California, the salary for insurance agents can also vary by city. For example, in cities like San Francisco, Fremont, and San Jose, the average salary for insurance agents is higher than the state average.
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Salary by city
The salary of an auto insurance agent in California varies depending on the city and other factors such as education, certifications, additional skills, and years of experience. Here is a breakdown of the average salaries for auto insurance agents in some cities in California:
San Francisco
San Francisco is one of the highest-paying cities for auto insurance agents in California. The average salary for this profession in San Francisco is about $51,169 per year, which is significantly higher than the state average.
Fremont
Fremont is another city in California where auto insurance agents are well-compensated. While the exact salary figures for this city are not available, it is known to be the second-highest paying city in the state for this profession.
San Jose
San Jose offers auto insurance agents competitive salaries, with an average of $47,727 per year. This is about 28.1% higher than the average salary for this profession in California.
Los Angeles
Los Angeles, being the most populous city in California, offers a wide range of opportunities for auto insurance agents. The average salary for this profession in Los Angeles is $43,422 per year.
Sacramento
As the state capital, Sacramento provides a good job market for auto insurance agents. The average salary in this city is $39,980 per year, which is slightly lower than the state average.
Coachella
In Coachella, the average salary for auto insurance agents is $100,895 per year, which is significantly higher than the state average. This could be due to a high demand for insurance agents or other economic factors in the city.
Adelanto
Auto insurance agents in Adelanto can expect to earn an average salary of $104,482 per year. This city seems to offer competitive salaries for this profession, making it an attractive location for those in the industry.
Agoura Hills
Agoura Hills is another city in California where auto insurance agents are well-compensated. The average salary in this city is $102,971 per year, which is higher than the state average.
Alameda
Alameda stands out as a city with particularly high salaries for auto insurance agents. The average salary in this city is $115,147 per year, which is significantly higher than the state average and most other cities in California.
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Salary by experience
The salary of an auto insurance agent in California varies depending on their level of experience. While some sources state that the average salary for an auto insurance agent in California is between $43,000 and $60,000 per year, others provide a broader range of $37,648 to $104,104. The wide range in salaries may be due to several factors, including experience level, commission rates, and partner insurers.
According to ZipRecruiter, as of July 7, 2022, the average annual pay for an auto insurance agent in California was $37,648. The website also reported that the 25th percentile of salaries was $29,201, while the 75th percentile was $50,483. This suggests that more experienced auto insurance agents in California can earn salaries above $50,000.
Indeed reports a higher average salary for insurance agents in California, stating that the average base salary is $96,436 per year, based on 3.3k salaries reported as of July 14, 2024. This suggests that insurance agents with more experience and a longer track record of sales can command higher salaries.
Salary.com supports this notion, reporting that the average auto insurance agent salary in California is $104,104 as of June 27, 2024, with the range typically falling between $89,765 and $127,168. The website also notes that salary ranges can vary widely depending on factors such as education, certifications, additional skills, and the number of years of experience in the profession.
Additionally, Insurance Business America highlights that car insurance agents' earnings can be significantly higher or lower depending on variables such as commission rates, experience level, and partner insurers. They mention that captive agents, who work for a single insurance company, typically earn lower commissions than independent agents, who can offer policies from multiple insurers.
Overall, it is clear that the salary of an auto insurance agent in California can vary significantly based on their level of experience and other factors. Experienced auto insurance agents with a strong sales record and established partnerships can expect to earn salaries at the higher end of the range, while those with less experience may start at the lower end and work their way up.
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Salary by insurance type
The salary of an insurance agent in California varies depending on the type of insurance they sell. For instance, auto insurance agents in California can expect to earn an average of $37,648 per year, according to ZipRecruiter. However, this figure can range from as low as $17,818 to as high as $83,150 annually. On the other hand, the average salary for insurance agents selling health insurance in California is $61,436, with the range falling between $56,109 and $69,302.
The salary for insurance agents also varies depending on whether they are captive or independent agents. Captive agents work directly for insurance companies and typically earn a lower commission, ranging from 5% to 10% of the first year's premium. In contrast, independent agents represent multiple insurance companies and usually receive a higher commission of around 15% for new policies.
In addition to auto and health insurance, there are several other types of insurance agents in California, including life insurance and property damage insurance. The salary for these agents can vary widely, depending on factors such as experience, location, and the size of the company they work for. For example, life/health insurance agents in California can expect to earn between $40,000 and $50,000 per year, while disability insurance agents can make anywhere from $3,822 to $5,948 per month.
Overall, the average salary for all insurance agents in California is $96,436 per year, according to Indeed.com. This figure is higher than the national average and includes a range of insurance types. It is important to note that the salary for insurance agents can vary significantly, and individuals should research the specific type of insurance and location they are interested in for more accurate information.
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Frequently asked questions
The salary of auto insurance agents in California varies depending on factors such as location, experience, and skills. As of June 2024, the average salary for an auto insurance agent in California is $104,104, with salaries ranging from $89,765 to $127,168.
Several factors influence the salary of auto insurance agents in California. These include the city where they are located, their education, certifications, additional skills, and years of experience in the profession.
Yes, captive agents who work for insurance companies typically earn a lower commission of 5% to 10% on the first year's premium. In contrast, independent agents usually receive a higher commission of 15% on new policies and a rate of 2% to 5% on existing plans.
Auto insurance agents in California typically earn through commissions on the insurance policies they sell. They can also receive a monthly wage from their partner insurers and bonuses if the insurer's sales exceed yearly targets.
The salary range for auto insurance agents in California can vary significantly. As of July 2022, salaries range from $17,818 to $83,150, with a median salary of $37,648 per year.
