Average Starting Salaries For Entry Level Insurance Jobs

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Think insurance is boring? Check out these long-term salary ranges and think again.

You can expect to earn up to $75,000 at the mid-point of your career and even up to $100,000 or more as a senior insurance professional, depending on your career path.

You have to start somewhere, though, and it’s important to know what the going rates are in your industry.

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While there are many different opportunities to flourish in insurance, we’ve outlined a few entry level salaries here to give you an idea of what you’re getting yourself into.

Please keep in mind that salaries vary from region to region, and may increase if you have additional education or a certification or designation. Also, these average starting salaries don’t include commission, bonuses or benefits.

 

Insurance Broker

Edmonton: $32,934
Montreal: $32,045
Toronto: $33,332
Vancouver: $30,658

Intermediate: $40,000 to $60,000
Senior: $60,000 to $100,000 or more

Underwriter

Edmonton: $42,330
Montreal: $39,983
Toronto: $41,906
Vancouver: $41,824

Intermediate: $50,000 to $70,000
Senior: $70,000 to $200,000

Insurance Claims Assistant

Edmonton: $33,137
Montreal: $30,640
Toronto: $31,301
Vancouver: $31,365

Intermediate: $40,000 to $50,000
Senior: $50,000 to $75,000

Insurance Sales Agent

Edmonton: $34,822
Montreal: $31,078
Toronto: $32,039
Vancouver: $15.43/hr

Intermediate: $45,000 to $70,000
Senior: $75,000 to $100,000

Insurance Claims Adjuster

Edmonton: $41,896
Montreal: $37,635
Toronto: $39,034
Vancouver: $39,065

Intermediate: $45,000 to $75,000
Senior: $80,000 to $100,000 or more

Actuary 1/Entry Level Actuary

Edmonton: $52,115
Montreal: $50,326
Toronto: $59,064
Vancouver: $51,582

Intermediate: $60,000 to $100,000
Senior: $100,000 to $200,000

 
Recommended reading: How To Negotiate Salary: 8 Tips To Help You Earn More
 

Visit TalentEgg’s Insurance Career Guide, presented by Career Connections, a division of the Insurance Institute, to find student and entry level jobs in the insurance industry, plus career resources to help you hatch your career!

 Photo credit: 01 (278) by Victor1558 on Flickr
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About the author

Francesca Castor is a freelance writer from U of T with an Honours degree in English and Book & Media Studies. While her passion lies in writing, during her “time off” she can be found getting lost in books, laughing along with The Office and Community, and making pop culture references every chance she gets. If you ask her what her favourite things are it would be: word games (although she is terrible at them), fashion, attempting to DJ on her DJ app, and anything to do with Community. You can find her on Twitter: @hellochesca.