Home > Salary > Saudi Arabia > Insurance Broker
An insurance broker is a professional who acts as an intermediary between individuals or businesses seeking insurance coverage and insurance companies. They assess the insurance needs of their clients, analyze various insurance policies and options available in the market, and provide advice on the most suitable coverage for their clients' specific requirements. Insurance brokers help clients understand the terms and conditions of policies, assist in completing paperwork, and negotiate with insurance companies to secure the best possible coverage at competitive rates. They also provide ongoing support to clients, helping them with claims processing and policy renewals.
Estimated Yearly Salary: 155,714 SAR
Estimated Monthly Salary: 12,976 SAR
Estimated Weekly Salary: 2,995 SAR per week
Estimated Hourly Salary: 75 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 12,530 SAR
Estimated Weekly Salary: 2,892 SAR per week
Estimated Hourly Salary: 72 SAR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 39,039 USD
Estimated Monthly Salary: 3,253 USD
Estimated Weekly Salary: 751 USD per week
Estimated Hourly Salary: 19 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 155,714 SAR
Estimated Monthly Salary: 12,976 SAR
Estimated Weekly Salary: 2,995 SAR per week
Estimated Hourly Salary: 75 SAR per hour
By working as Insurance Broker a person can save up to 2,150 USD per month or 25,796 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Insurance Broker
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Parole agent (123,120 SAR per year, pre-tax.)
Certified clinical medical assistant (68,457 SAR per year, pre-tax.)
Corporate legal director (294,716 SAR per year, pre-tax.)
Training officer (93,249 SAR per year, pre-tax.)
Funding coordinator (69,768 SAR per year, pre-tax.)
Insurance Broker salary in Saudi Arabia
Average Yearly Salary of Insurance Broker in Saudi Arabia is approximately 155,714 SAR (39,039 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Insurance Broker do?
An insurance broker is a professional who acts as an intermediary between individuals or businesses seeking insurance coverage and insurance companies. They assess the insurance needs of their clients, analyze various insurance policies and options available in the market, and provide advice on the most suitable coverage for their clients' specific requirements. Insurance brokers help clients understand the terms and conditions of policies, assist in completing paperwork, and negotiate with insurance companies to secure the best possible coverage at competitive rates. They also provide ongoing support to clients, helping them with claims processing and policy renewals.
Skills: Insurance, Brokerage, Risk management, Client service, Insurance policies, Intermediary.
Job industry: Insurance
Job industry: Insurance
How much does Insurance Broker make?
Salary details
How much does Insurance Broker make?Estimated Yearly Salary: 155,714 SAR
Estimated Monthly Salary: 12,976 SAR
Estimated Weekly Salary: 2,995 SAR per week
Estimated Hourly Salary: 75 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 150,364 SAREstimated Monthly Salary: 12,530 SAR
Estimated Weekly Salary: 2,892 SAR per week
Estimated Hourly Salary: 72 SAR per hour
Last revision of data: 2024-01-09Insurance Broker estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 39,039 USD
Estimated Monthly Salary: 3,253 USD
Estimated Weekly Salary: 751 USD per week
Estimated Hourly Salary: 19 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Broker job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Insurance Broker in Saudi Arabia earns on average:
1.51 times the average salary (or 151% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Broker job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Insurance Broker in Saudi Arabia earns on average:
1.51 times the average salary (or 151% of average salary).
Is Insurance Broker a well paid job?
Yes, our data shows that Insurance Broker is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Insurance Broker?
High salary for Insurance Broker would be somewhere between 171,285 SAR and 225,785 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Broker in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 155,714 SAR
Estimated Monthly Salary: 12,976 SAR
Estimated Weekly Salary: 2,995 SAR per week
Estimated Hourly Salary: 75 SAR per hour
By working as Insurance Broker a person can save up to 2,150 USD per month or 25,796 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, Yemen. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Insurance Broker
Jordan is 13,439 USD
Iraq is 8,472 USD
Kuwait is 18,892 USD
Qatar is 99,739 USD
Bahrain is 25,205 USD
United Arab Emirates is 69,057 USD
Oman is 12,811 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Parole agent (123,120 SAR per year, pre-tax.)
Certified clinical medical assistant (68,457 SAR per year, pre-tax.)
Corporate legal director (294,716 SAR per year, pre-tax.)
Training officer (93,249 SAR per year, pre-tax.)
Funding coordinator (69,768 SAR per year, pre-tax.)
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