Insurance Agent Salaries & Top Paying Companies in Minneapolis, MN

Position

City

Salary

How much does a Insurance Agent make in Minneapolis, MN?

The average salary for a Insurance Agent is $105,943 per year in Minneapolis, MN.

Graph depicting the yearly salary distribution for Insurance Agent jobs in Minneapolis, MN, showing an average salary of $105,943 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Insurance Agent jobs in Minneapolis, MN, showing an average salary of $8,829 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Insurance Agent jobs in Minneapolis, MN, showing an average salary of $2,037 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Insurance Agent jobs in Minneapolis, MN, showing an average salary of $51 with varying distribution percentages across salary ranges.

An insurance agent in Minneapolis, MN, can earn a good income. The average yearly salary for this role is around $105,943. This means that many insurance agents in the area are doing well financially. Some insurance agents make more, and some make less, but this average gives a good idea of what to expect.

The salary for insurance agents in Minneapolis can vary. Some key points to consider are:

10% of insurance agents earn less than $56,738.
Half of insurance agents earn between $73,477 and $106,954.
90% of insurance agents earn more than $73,477.

In Minneapolis, the highest-paid insurance agents earn over $207,385 a year. The range in salaries shows that there are opportunities for agents to earn different amounts, depending on experience and skills.

What are the highest paying cities for a Insurance Agent near Minneapolis, MN?

If you aim to be an insurance agent near Minneapolis, MN, consider looking in Maple Grove for the highest pay. This city offers an average salary of $239,775. Nearby, Bloomington provides a competitive average salary of $116,990, making it another strong option for job seekers. Exploring cities like Brooklyn Park, Richfield, and Moorhead also leads to good opportunities, with average salaries that range from $108,662 to $76,018. These locations provide a variety of potential for those in the insurance field.

Graph displaying highest paying cities salaries for Insurance Agent jobs near Minneapolis, MN, highlighting Maple Grove, MN with the highest at $239,775 and Apple Valley, MN with the lowest at $66,818.

Maple Grove, MN
Average Salary: $239,775
Working as an insurance agent in Maple Grove means helping people find the right coverage for their needs. You can expect to work with several major companies, including Travelers and UnitedHealth Group. The area values community involvement, making it a great place to build lasting relationships with clients.
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Bloomington, MN
Average Salary: $116,990
In Bloomington, insurance agents enjoy a dynamic work environment. This city is home to big names like Ameriprise Financial and Thrivent. Professionals here appreciate a mix of urban and suburban settings, allowing for varied work experiences.
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Brooklyn Park, MN
Average Salary: $108,662
Brooklyn Park offers a welcoming environment for insurance agents. Working here means collaborating with companies like Principal Financial Group. The community's growth provides many opportunities to connect with new clients and expand your network.
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Richfield, MN
Average Salary: $95,508
Richfield presents a chance to thrive as an insurance agent. With established firms like U.S. Bank and Blue Cross Blue Shield, you can build a solid client base. The city's diverse population allows for varied insurance needs, enhancing your professional experience.
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Moorhead, MN
Average Salary: $76,018
In Moorhead, insurance agents find a supportive community. You can work with prominent companies like Sanford Health. The area's smaller size allows for closer client relationships, which is ideal for those who enjoy personalized service.
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Edina, MN
Average Salary: $74,564
Edina offers a prime location for insurance professionals. With companies like Northwestern Mutual, you can expect a competitive yet collaborative atmosphere. The area's affluence means many clients are seeking comprehensive coverage, ideal for experienced agents.
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Shakopee, MN
Average Salary: $70,271
Shakopee provides a balanced setting for insurance agents. Working here means you can engage with local businesses and larger companies. The city’s growth creates ongoing opportunities to meet new clients and offer tailored insurance solutions.
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Saint Paul, MN
Average Salary: $69,572
Saint Paul is a vibrant city for insurance agents. Here, you can connect with major companies like HealthPartners. The city's mix of urban and suburban areas allows for diverse client interactions, enriching your professional experience.
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Minnetonka, MN
Average Salary: $69,427
Minnetonka offers a serene yet professional environment for insurance agents. Working with companies like Ameriprise Financial, you can enjoy a friendly yet competitive work atmosphere. The area’s affluent population seeks high-quality insurance services.
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Apple Valley, MN
Average Salary: $66,818
Apple Valley provides a close-knit community for insurance agents. You can work with local firms and enjoy a welcoming environment. The area’s growth offers plenty of opportunities to build strong client relationships and expand your business.
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What are the best paying companies for a Insurance Agent in Minneapolis, MN?

Insurance agents in Minneapolis, MN, have great opportunities with several top-paying companies. Farmers Insurance Group and ASPEN CONTRACTING lead the way with average salaries reaching over $100,000. Also, Advocate Health Advisors and Colonial Life & Accident Insurance Co. offer competitive pay packages. These companies value their employees and provide attractive benefits to attract top talent. By choosing one of these employers, job seekers can expect strong salaries and rewarding career growth.

Graph displaying best paying company salaries for Insurance Agent jobs in Minneapolis, MN, highlighting Farmers Insurance Group with the highest at $162,322 and Allina Health with the lowest at $42,900.

Farmers Insurance Group
Average Salary: $162,322
Farmers Insurance Group offers numerous opportunities for Insurance Agents in Minneapolis. The company provides various insurance products. They have a strong presence across Minneapolis, making it an ideal place for agents to thrive.
ASPEN CONTRACTING
Average Salary: $110,000
ASPEN CONTRACTING is known for its excellent benefits and growth opportunities for Insurance Agents. They serve clients throughout Minneapolis, offering a dynamic work environment.
Advocate Health Advisors
Average Salary: $100,000
Advocate Health Advisors offers competitive salaries for Insurance Agents in Minneapolis. They focus on health insurance solutions and have a robust network across the city.
Colonial Life & Accident Insurance Co.
Average Salary: $98,724
Colonial Life & Accident Insurance Co. provides attractive compensation for Insurance Agents. They offer a wide range of insurance products and have a significant presence in Minneapolis.
Farmers Insurance - Team North Star
Average Salary: $90,000
Farmers Insurance - Team North Star seeks Insurance Agents who can deliver exceptional service. They operate across Minneapolis, providing a supportive work environment.
Brown & Brown Insurance
Average Salary: $89,233
Brown & Brown Insurance is a top employer for Insurance Agents. They offer a variety of insurance products and have offices throughout Minneapolis.
Comparion Insurance Agency
Average Salary: $76,333
Comparion Insurance Agency provides fair wages for Insurance Agents. They focus on customized insurance solutions and are active in Minneapolis.
Bankers Life
Average Salary: $55,625
Bankers Life offers competitive salaries for Insurance Agents in Minneapolis. They specialize in life and health insurance, providing a stable work environment.
Walser Automotive Group
Average Salary: $50,000
Walser Automotive Group seeks Insurance Agents to join their team. They have multiple locations across Minneapolis, offering a chance to grow in the industry.
Allina Health
Average Salary: $42,900
Allina Health offers entry-level positions for Insurance Agents in Minneapolis. They focus on health insurance and have a strong community presence.

What are the best paying Insurance Agent related jobs in Minneapolis, MN?

Actuaries in Minneapolis earn a top salary of $156,212, offering a strong financial reward. Loss Control Consultants and Underwriters follow closely, with average earnings of $111,874 and $101,940, respectively. These positions provide excellent opportunities for those looking to advance their careers in the insurance sector.

Graph displaying best paying related job salaries for Insurance Agent jobs near Minneapolis, MN, highlighting Actuary with the highest at $156,212 and Customer Service Representative with the lowest at $42,946.

Actuary
Average Salary: $156,212
Actuaries evaluate risk and uncertainty in various fields. They work closely with companies to manage financial risks. In the Twin Cities, they often collaborate with insurance firms like Unum and Minnesota Life Insurance Company.
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Loss Control Consultant
Average Salary: $111,874
Loss control consultants help businesses reduce risks. They advise on safety measures and insurance policies. Working with local firms, consultants may assist companies like 3M and Target to minimize potential losses.
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Underwriter
Average Salary: $101,940
Underwriters assess the risk of insuring individuals or businesses. They decide on policy terms and rates. In Minneapolis, underwriters may work with companies such as Thrivent or Northwestern Mutual, evaluating applications and approving coverage.
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Financial Advisor
Average Salary: $96,640
Financial advisors help clients manage their finances. They provide advice on investments, retirement, and insurance. Companies like Edward Jones and Ameriprise Financial in Minneapolis often need advisors to guide their clients effectively.
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Business Analyst
Average Salary: $91,510
Business analysts study an organization's processes to improve efficiency. They often work with insurance companies to optimize operations. In the Twin Cities, firms like UnitedHealth Group may employ analysts to enhance their business strategies.
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Sales Manager
Average Salary: $84,597
Sales managers oversee sales teams and develop strategies to meet targets. They work with insurance agents to boost sales. Companies like Allstate or State Farm in Minneapolis may look for sales managers to lead their teams effectively.
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Insurance Analyst
Average Salary: $69,474
Insurance analysts research and evaluate insurance policies. They analyze data to help companies make informed decisions. In the Twin Cities, analysts may work for firms like ESIS or Progressive, supporting the insurance sector.
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Health Insurance Specialist
Average Salary: $50,000
Health insurance specialists help clients choose and manage their health coverage. They work with various insurance companies to find the best plans. In Minneapolis, specialists may assist customers with providers like Blue Cross Blue Shield of Minnesota.
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Customer Service Agent
Average Salary: $49,793
Customer service agents assist clients with inquiries and issues. They ensure customer satisfaction and handle policy-related questions. Local firms like Farmers Insurance and Geico may employ agents to support their customers.
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Customer Service Representative
Average Salary: $42,946
Customer service representatives handle customer calls and inquiries. They provide information about policies and claims. In Minneapolis, representatives may work for companies like Liberty Mutual or Allstate, ensuring smooth customer interactions.
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Insurance Agent Salary in Minneapolis, MN

How much does a Insurance Agent make in Minneapolis, MN?

What are the highest paying cities for a Insurance Agent near Minneapolis, MN?

What are the best paying companies for a Insurance Agent in Minneapolis, MN?

Currently 4,851 Insurance Agent job openings, nationwide.

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