An insurance brokers insurance broker earns money by selling insurance to corporations or individuals. They make their money by collecting insurance fees from the buyer and passing them on to the insurance companies that they represent. Most brokers earn between 2 to 8 percent of each premium paid on a policy sold to an individual or corporate…[Read more]

An insurance broker earns money off of fees from various companies or individuals who wish to buy insurance. Usually, most fees are around 2 percent of premium payments, while some brokers earn up to ten percent of the payments. A good broker knows the individual’s situation, wants and needs in order to get them the most affordable insurance…[Read more]

An insurance agent makes money from commissions on policies sold to people or companies. Most commissions vary between about two and eight percent of policy premiums, according to state laws. An agent knows the individual’s personal situation, wants and needs to get them the most affordable insurance possible, to fit their budget. For example,…[Read more]