Insurance broker salary and the national average
If you are wondering where an insurance broker salary sits against the national full-time average, the short answer is that the Average Line index does not publish a precise figure for this specific occupation. However, you can use the national full-time average as a reference point to gauge where a typical insurance broker might land.
The national full-time adult ordinary-time average is $108,352 per year ($2,083.70 per week), based on ABS Average Weekly Earnings for May 2026. This figure is the line on this site. It represents the average weekly earnings of full-time employees before tax, multiplied by 52.
How insurance broker pay might compare
Insurance brokers often earn a base salary plus commission or bonuses. While we cannot give an exact number, the full-time median salary of $90,532 (ABS Employee Earnings, August 2025) provides a useful benchmark. The all-employees median is $74,100. Many insurance brokers with experience and a solid book of business may earn above the full-time median, potentially approaching or exceeding the national average.
For context, the national minimum wage from 1 July 2026 is $52,255 per year ($26.44 per hour, $1,004.90 per week on a 38-hour week). Award minimums rose by 4.75% that year. Insurance brokers are often covered by the Professional Employees Award or similar, which sets minimum rates above the national minimum.
A resident take-home sketch using the average
To help you understand what the national average means in your pocket, here is a rough take-home calculation for a resident earning $108,352 in 2026–27. This is a sketch only; your actual tax depends on deductions, offsets, and your individual situation.
| Component | Amount |
|---|---|
| Annual salary | $108,352 |
| Tax-free threshold | $0 on first $18,200 |
| 15% on $18,201–$45,000 | $4,020 |
| 30% on $45,001–$135,000 | $19,005.60 (on $63,352) |
| Total income tax | $23,025.60 |
| Medicare levy (2%) | $2,167.04 |
| Total tax and levy | $25,192.64 |
| Take-home pay | $83,159.36 per year ($1,599.22 per week) |
If an insurance broker earns the national average, their weekly take-home would be about $1,599. If they earn the full-time median of $90,532, the take-home would be lower. You can place your own salary on the line to see where it sits.
State and territory averages
Insurance broker salaries can also vary by location. The full-time averages by state (ABS Average Weekly Earnings, May 2026) are:
- New South Wales: $109,658
- Victoria: $106,137
- Queensland: $106,064
- South Australia: $102,450
- Western Australia: $115,825
- Tasmania: $96,008
- Northern Territory: $103,173
- Australian Capital Territory: $119,090
An insurance broker in Western Australia or the ACT might earn more than one in Tasmania, reflecting broader market conditions. For more detail, see the states and territories page.
Medians and other benchmarks
The ABS Employee Earnings survey (August 2025) gives medians that are useful for comparison. The full-time median is $90,532, and the all-employees median is $74,100. Men’s full-time ordinary-time average is $113,412; women’s is $100,594. These figures show the range across the workforce.
If you are an insurance broker, your earnings may fall anywhere on this spectrum. The job medians page lists medians for many occupations, though insurance broker is not currently included. You can also explore industry medians to see how the finance and insurance sector compares.
How the figures are set
The national average comes from the ABS Average Weekly Earnings survey, published twice a year (May and November). The medians are from the ABS Employee Earnings and Hours survey, published annually in August. The minimum wage is set by Fair Work and updated each July. For more on methodology, see how the figures are set.
In summary, while we cannot give an exact insurance broker salary, the national full-time average of $108,352 is a solid reference. Use it alongside the medians and state averages to estimate where your pay might sit.