Insurance Salary in Canada

Canada   Canada  • Change Location

Average gross salary for Insurance GROSS SALARY
CA$ 74,496
Average gorss salary (USD) for Insurance GROSS SALARY (USD)
US$ 68,666
Average net salary for Insurance NET SALARY
CA$ 53,886
The most typical salary for Insurance MOST TYPICAL GROSS
CA$ 53,219
  Updated: 03 Dec 2019   Diff. gross vs. net: 27%
  Salary entries: 81

Insurance Earnings in Canada

Average salary for Insurance in Canada is CA$ 74,496 (Gross). All data are based on our survey (81 individual salary entries). Average take home earning is CA$ 53,886 (Net). The most typical salary is CA$ 53,219 (Gross).

Earning percentages

Percentage of people earn this salary or more
6 % CA$ 195,000
15 % CA$ 124,419
21 % CA$ 91,000
75 % CA$ 53,219
90 % CA$ 43,583
98 % CA$ 35,383
100 % CA$ 24,425

Earning by careers

Career Avg. gross salary (USD) Salary entries
Insurance Broker CA$ 86,982 US$ 81,663 17
Insurance Underwriter CA$ 57,729 US$ 55,094 13
Insurance CA$ 109,250 US$ 91,007 10
Insurance Adjuster CA$ 49,427 US$ 49,144 09
General Insurance CA$ 64,000 US$ 59,322 08
Life Insurance CA$ 101,666 US$ 91,739 06
Insurance Agent CA$ 86,774 US$ 76,044 04
Insurance Sales CA$ 60,500 US$ 61,312 04
Risk Management Insurance CA$ 69,135 US$ 61,462 02
Health Insurance CA$ 71,000 US$ 71,244 01

Earning by cities

City Avg. gross salary (USD) Salary entries
Toronto CA$ 66,880 US$ 60,393 31
Vancouver, Canada CA$ 81,181 US$ 80,440 11
Calgary CA$ 75,177 US$ 71,355 10
Montreal CA$ 65,387 US$ 60,752 09
Edmonton CA$ 123,200 US$ 118,625 05
Ottawa CA$ 81,666 US$ 66,698 03
Hamilton, Canada CA$ 157,500 US$ 115,424 02
Winnipeg CA$ 62,425 US$ 57,746 02

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Salary entries from individual employees for Insurance in Canada

Below is the list of 10 individual salary profiles - all added on this website.

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INSURANCE BROKER


 Posted: 03 Dec 2019

Bachelors Degree, 20+ years: "Brokering Insurance."
Individual GROSS salary:
CA$ 125,000
US$ 100,099

PERSONAL LINES INSURANCE BROKER


 Posted: 27 May 2019

Some College, 8-12 years: "Sales, servicing, customer relationship, account management, renewals, cancellations."
Individual GROSS salary:
CA$ 58,000
US$ 46,446

ADJUSTER


 Posted: 26 Feb 2019

Bachelors Degree, 20+ years: "Settle claims customer service."
Individual GROSS salary:
CA$ 50,000
US$ 40,040

FIN. PLANNER


 Posted: 14 Jan 2019

Bachelors Degree, 8-12 years: "Plan financial situations advantages and so on."
Individual GROSS salary:
CA$ 125,099
US$ 100,179

FLOOR MANAGER


 Posted: 17 Jan 2018

High School, 2-4 years: "Manage the staff, review reports."
Individual GROSS salary:
CA$ 60,000
US$ 48,048

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DIRECTOR


 Posted: 10 Oct 2017

Bachelors Degree, 20+ years: "Manage staff, develop and oversee budget, hiring, firing,staff development, strategic planning."
Individual GROSS salary:
CA$ 125,000
US$ 95,537

ASSOCIATE BROKER


 Posted: 14 Aug 2017

Bachelors Degree, 8-12 years: "Provide clients with the best terms and conditions at the best price."
Individual GROSS salary:
CA$ 56,000
US$ 42,801

LIFE INSURANCE


 Posted: 13 May 2017

Bachelors Degree, 4-8 years: "Actuarial job - valuation, modelling, consulting."
Individual GROSS salary:
CA$ 150,000
US$ 114,645

INSURANCE


 Posted: 23 Apr 2017

Masters Degree, 12-16 years: "Catastrophe modeling research and development."
Individual GROSS salary:
CA$ 150,000
US$ 114,645

LIFE INSURANCE


 Posted: 23 Apr 2017

Doctorate Degree, 16-20 years: "According to Life Happens, www.lifehappens.org, agents generally sell two different types of life insurance called permanent insurance and temporary insurance. Permanent insurance provides life long coverage for individuals, while temporary insurance only covers beneficiaries for a predetermined amount of time."
Individual GROSS salary:
CA$ 120,000
US$ 91,716

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  SALARY BY LEVEL   INSURANCE   CANADA

Canada •  Change Location

Salary levels Avg. gross salary (USD) Avg. gross salary   Salary entries
More US$ 222,500 CA$ 255,000
03
205K US$ 202,683 CA$ 200,000
01
195K US$ 197,616 CA$ 195,000
01
155K US$ 114,645 CA$ 150,000
02
125K US$ 100,444 CA$ 124,419
05
105K US$ 95,825 CA$ 100,000
02
95K US$ 91,774 CA$ 91,000
02
115K US$ 82,804 CA$ 115,000
01
85K US$ 72,397 CA$ 80,000
03
75K US$ 68,442 CA$ 71,750
08
65K US$ 58,964 CA$ 61,612
12
55K US$ 49,966 CA$ 53,219
21
45K US$ 43,340 CA$ 43,583
12
35K US$ 35,617 CA$ 35,383
06
25K US$ 24,633 CA$ 24,425
02

  SALARY BY GENDER   INSURANCE   CANADA

Canada •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Men US$ 84,636 CA$ 96,597 27
Women US$ 57,017 CA$ 64,274 24
N/A US$ 63,611 CA$ 62,782 30

  SALARY BY EDUCATION   INSURANCE   CANADA

Canada •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Doctorate Degree US$ 72,950 CA$ 90,000 02
Masters Degree US$ 71,167 CA$ 87,100 05
Bachelors Degree US$ 75,809 CA$ 83,735 38
Some College US$ 62,819 CA$ 64,650 27
High School US$ 53,703 CA$ 54,577 09

Insurance workers holding Bachelors Degree degrees enjoy the highest average gross salaries in Canada. With an earned Bachelors Degree, they grosses CA$ 83,735. While Insurance workers with High School education earn the least, with an average gross income of CA$ 54,577. This is 41.16% lower of what Bachelors Degree degree holders earn.


  SALARY BY EXPERIENCE   INSURANCE   CANADA

Canada •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
20+ Years US$ 122,016 CA$ 136,290 11
16-20 Years US$ 73,883 CA$ 80,500 04
12-16 Years US$ 76,909 CA$ 82,550 10
8-12 Years US$ 63,621 CA$ 71,067 15
4-8 Years US$ 58,893 CA$ 62,742 15
2-4 Years US$ 52,557 CA$ 56,576 13
1-2 Years US$ 59,612 CA$ 61,000 05
0-1 Year US$ 42,015 CA$ 42,481 08

Insurance workers in Canada with more years of work experience outperform their counterparts with less experience. Workers with 20+ Years of experience earn a gross average of CA$ 136,290 compared to CA$ 42,481 for their counterparts with 0-1 Year of experience. The difference between workers with 20+ Years of experience and 0-1 Year is 190.41%.


  SALARY BY AGE   INSURANCE   CANADA

Canada •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
63-68 US$ 91,716 CA$ 120,000 01
57-62 US$ 151,502 CA$ 185,666 03
51-56 US$ 95,537 CA$ 125,000 01
45-50 US$ 59,494 CA$ 70,840 05
39-44 US$ 111,766 CA$ 121,428 07
33-38 US$ 51,083 CA$ 56,018 08
27-32 US$ 58,426 CA$ 65,269 20
22-26 US$ 59,136 CA$ 65,166 06
N/A US$ 63,611 CA$ 62,782 30
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  SALARY BY CAREER   INSURANCE   CANADA

Canada •  Change Location

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Insurance US$ 91,007 CA$ 109,250 10
2. Life Insurance US$ 91,739 CA$ 101,666 06
3. Insurance Broker US$ 81,663 CA$ 86,982 17
4. Insurance Agent US$ 76,044 CA$ 86,774 04
5. Health Insurance US$ 71,244 CA$ 71,000 01
6. Risk Management Insurance US$ 61,462 CA$ 69,135 02
7. Commercial Insurance US$ 65,224 CA$ 65,000 01
8. General Insurance US$ 59,322 CA$ 64,000 08
9. Insurance Sales US$ 61,312 CA$ 60,500 04
10. Insurance Underwriter US$ 55,094 CA$ 57,729 13
11. Insurance Adjuster US$ 49,144 CA$ 49,427 09
12. Other Insurance Career US$ 45,210 CA$ 47,050 06

Show all careers »

In Canada economy, Life Insurance is on the top list of highest earners, earning an average gross salary of CA$ 101,666. Insurance and Insurance Broker follow, earning CA$ 109,250 and CA$ 86,982, respectively. Other Insurance Career earn a gross annual average of CA$ 47,050, while Insurance Adjuster earn CA$ 49,427. The gap between the lowest and the highest paid careers is 102.92%.


  SALARY BY JOB TYPE   INSURANCE   CANADA

Canada •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Permanent US$ 66,774 CA$ 71,238 76
Contract US$ 72,950 CA$ 90,000 02
Self Employed US$ 145,494 CA$ 195,049 02
Part Time US$ 50,185 CA$ 50,000 01
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  SALARY BY CITY   INSURANCE   CANADA

Canada •  Change Location

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Hamilton, Canada Insurance in Hamilton, Canada US$ 115,424 CA$ 157,500 02
2. Edmonton Insurance in Edmonton US$ 118,625 CA$ 123,200 05
3. Ottawa Insurance in Ottawa US$ 66,698 CA$ 81,666 03
4. Vancouver, Canada Insurance in Vancouver, Canada US$ 80,440 CA$ 81,181 11
5. Calgary Insurance in Calgary US$ 71,355 CA$ 75,177 10
6. Toronto Insurance in Toronto US$ 60,393 CA$ 66,880 31
7. Montreal Insurance in Montreal US$ 60,752 CA$ 65,387 09
8. Winnipeg Insurance in Winnipeg US$ 57,746 CA$ 62,425 02

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  SALARY BY COUNTRY    INSURANCE

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Australia Australia Insurance in Australia US$ 91,588 AU$ 104,523 34
2. United Kingdom United Kingdom Insurance in United Kingdom US$ 86,374 GBP 58,096 53
3. United States United States Insurance US$ 75,800 US$ 75,800 412
4. Canada Canada US$ 68,666 CA$ 74,496 81
5. China China Insurance in China US$ 34,892 CNY 225,363 11
6. India India Insurance in India US$ 19,936 INR 1,243,465 85

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