What is The Average Salary of a State Farm Agent?

What is The Average Salary of a State Farm Agent

A state farm agent is an individual who provides guidance on various products that are offered by a state farm. A state farm agent ensures that the community people live every day risk-free and recover from unexpected incidents and pursue their dream. A state farm agent is a demandable job with an excellent salary range. A typical state farm agent can make from $14,834 – $37,896 in his first year. With proper job experience, a state farm agent can earn $50,493 – $665,885 per year.

What is a State Farm Agent?

A state farm agent is an independent contractor that hires its own employees. As a state farm agent, you will be responsible for developing leads, scheduling appointments, identifying customer needs, and many more. Moreover, a state farm agent also has to establish customer relationships and follow up with the customers when needed.

How much does a State Farm Agent Make?

How much does a State Farm Agent Make

At present, the average annual salary of a State farm agent is $37,517 a year. The high annual salary could be $67,500 and the low annual salary could be $18,000. However, the majority of State farm agent salaries range from $27,500 (25th percentile) to $41,000 (75th percentile). If you closely look at the average annual salary of a State Farm agent then you will see that there is a huge gap between the high and low range of the salary. It means there are so many opportunities available in this sector for advancement and an increased salary range. 

List of Top 10 Highest Paying Cities for State farm Agent

 Our experts have compiled a list of top 10 cities where the typical salary for a State Farm Agent job is higher than the annual average salary of the country. Take a look at the below table – 

CityAnnual SalaryMonthly PayWeekly PayHourly Wage
Sunnyvale, CA$47,402$3,950$912$22.79
Santa Rosa, CA$45,821$3,818$881$22.03
Cambridge, MA$44,432$3,703$854$21.36
Vacaville, CA$43,579$3,632$838$20.95
New York City, NY$43,093$3,591$829$20.72
Fairfield, CA$43,051$3,588$828$20.70
San Mateo, CA$42,802$3,567$823$20.58
Lynn, MA$42,430$3,536$816$20.40
Anchorage, AK$42,363$3,530$815$20.37
Baltimore, MD$41,714$3,476$802$20.05

List of State Farm Insurance Company Jobs by Salary   

Job TitleRangeAverage
Insurance Agent$23k – $57k$33,390
Insurance Sales Agent$22k – $49k$32,307
Software Developer$61k – $99k$78,518
Insurance Claims Specialist$49k – $88k$66,041
Insurance Sales Representative$24k – $50k$33,180
Office Manager$27k – $54k$37,840
Insurance Producer$25k – $48k$34,112
Claims Adjuster$20.05$41k – $76k$78,518
Customer Service Representative (CSR)$27k – $54k$55,347
Account Representative$61k – $99k$32,923
Underwriter$26k – $51k$35,702
Account Manager$43k – $93k$60,314
Insurance Claims Adjuster$24k – $57k$35,265
Claims Manager, Insurance$41k – $77k$55,691
Claim Representative$26k – $64k$38,477
Underwriting Assistant$49k – $91k$66,041
Claims Adjuster / Examiner / Investigator$58k – $104k$33,180
Senior Claims Adjuster$48k – $96k$37,840
Business Analyst (Unspecified Type)$63k – $151k$34,112
Claims Manager$69k – $112k$108,027
Data Scientist$22k – $61k$90,697
Customer Service Sales Associate$26k – $64k$36,063
Branch Manager, Insurance Office$25k – $48k$56,164
Marketing Associate$41k – $76k$34,950
Operations Manager$27k – $54k$66,041
Attorney / Lawyer$61k – $99k$82,360
Data Analyst$26k – $51k$63,726
Infrastructure Analyst$43k – $93k$60,314
Insurance Underwriter$24k – $57k$32,923
Technology Manager$103k – $157k$131,343
Paralegal$50k – $88k$66,748
Account Manager Sales$28k – $72k$45,306
Fraud Investigator$45k – $95k$65,454
Scrum Master$60k – $111k$83,497
Customer Service Team Leader31k – $71k$44,406
Customer Service Specialist$25k – $46k$34,121
Compliance Analyst$41k – $77k$55,691
Claims Supervisor, Insurance$26k – $64k$38,477
Insurance Claims Representative$49k – $91k$66,041
Learning and Development Specialist$58k – $104k$33,180
Insurance Claims Processor$48k – $96k$37,840
Talent Acquisition Specialist$63k – $151k$34,112
Process Analyst$69k – $112k$108,027
Senior Underwriter$22k – $61k$90,697
Underwriter, Personal Lines$26k – $64k$36,063
Insurance Agent Assistant$32k – $60k$44,584
User Experience Researcher$63k – $114k$86,077
Training & Development Specialist$50k – $89k$67,583
Java Developer$63k – $114k$86,077
Underwriting Supervisor$60k – $116k$83,135
Insurance Claim or Policy Processing Clerk$28k – $52k$38,390
Inside Sales Representative$26k – $57k$38,253

FAQs about What is The Average Salary of a State Farm Agent

What type of insurance agent makes the most money?

Well, there are various types of insurance agents available like auto insurance health, health insurance, real-estate insurance agent, and many more. But among all the available insurance agents, life insurance agents make the most money.

How much do most State Farm agents make?

According to a recent study, a state farm agent with 2 – 3 years of experience in this field can earn $70,400 annually.

Can you make a lot of money selling insurance?

Yes, it is very possible to earn lots of money by selling insurance. If you can sell 25-30 Medicare policies then you will be able to earn $10,000 in annual commission.

How do I become an independent insurance agent?

In order to become an independent agent, you have to get an appropriate license to sell insurance products. Moreover, you have to fulfill other requirements depending on the state where you live to become an independent insurance agent.

What is the difference between an independent agent and a broker?

There are some key differences between an independent agent and a broker. The main difference is an independent agent represents one or more insurance companies while the broker only represents the insurance buyer.

Last Updated on April 24, 2022 by

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