How much do insurance brokers make per policy?

Brokers typically earn a commission of 2% to 8% of the annual premium on the policies they place, though rates vary by product and by state rules. Property and casualty products often pay 5% to 15% of the first-year premium, with smaller renewal commissions of 2% to 5% in later years. Health products commonly pay 5% to 10% on new business. Where state rules allow, brokers may also charge clients fees for consultative or advisory services.