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1st Security Insurance Salary

1st Security Insurance Salary

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As of September 2026, the average annual salary for employees at 1st Security Insurance in the United States is $83,034. This translates to an approximate hourly wage of $40. Salaries at 1st Security Insurance typically range from $73,061 to $93,893 annually, reflecting the diverse roles and experience levels within the company.

How Much Does 1st Security Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at 1st Security Insurance. Based on our data, the highest paying job is the President, with an annual salary of $642,755. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is 1st Security Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does 1st Security Insurance's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
SouthCap Brokerage Group LLC $89,890
+8.3%
Influenced by prevailing union wage agreements specific to SouthCap Brokerage Group LLC's sector.
RT Insurance $86,283
+3.9%
Supported by RT Insurance's high-margin contracts allowing higher overhead.
Benefits 7 Inc $87,000
+4.8%
Adjusted for higher cost-of-living indices in Benefits 7 Inc's primary metro hubs.
Steffey Insurance $88,835
+7.0%
Reflects structural premiums typical of Steffey Insurance's large-cap national operations.
Insurance Industry $123,858
+49.2%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How 1st Security Insurance's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at 1st Security Insurance. Click a company name to learn more.

Employee Reviews: Working at 1st Security Insurance

Considering a career at 1st Security Insurance? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The benefits, including health coverage and performance bonuses, are impressive. There’s a good mix of challenging projects and routine work, keeping the role dynamic. The company offers strong benefits, including mental health resources. Enjoy the daily challenges.
Commented in February 18, 2025
40
3
The team feels like a family. The leadership team is engaged, and there are regular check-ins to ensure job satisfaction. The company culture here is one of the best I’ve experienced. The workload is predictable, which can be good for those who prefer routine. While the workload is consistent, it remains manageable. I’ve built strong professional relationships here and feel motivated to contribute...
Commented in November 10, 2024
12
0
Standard insurance industry experience. This company is a great place to build a career in insurance. The company is well-run, with a focus on efficiency. The company follows standard industry practices, and processes are well-structured.
Commented in January 05, 2024
42
3

1st Security Insurance Overview

Website
www.1stsecurityinsurance.com
Founded In
1982
Employees
<25 employees
Industry
Insurance
Headquarter Address
6 E Main St Bloomfield Indiana IN 47424
Revenue
$5 Million - $10 Million
Phone Number
+1 8123843575
Social Media
About 1st Security Insurance
We service the Bloomington, Bloomfield, Linton & Worthington areas and throughout the state of Indiana. At 1st Security Insurance, each one of our clients are given a dedicated team of experts that work together to proficiently address all your concerns. We offer all types of Personal Insurance coverages to our clients in Indiana including Auto, Homeowners, Motorcycle, Boat, Car, Renters and Umbre

What Benefits Does 1st Security Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. 1st Security Insurance offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at 1st Security Insurance.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from 1st Security Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of 1st Security Insurance salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of 1st Security Insurance

1. What is the typical salary range (low to high) for most roles at 1st Security Insurance?

The typical annual salary range for most roles at 1st Security Insurance is approximately from $73,061 to $93,893. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does 1st Security Insurance pay compared to SouthCap Brokerage Group LLC?

The average annual salary at 1st Security Insurance is $83,034, or an hourly wage of $40, in comparison to SouthCap Brokerage Group LLC which pays $89,890 per year or $43 per hour.

3. How does experience level affect salary at 1st Security Insurance?

Experience level is a significant factor in determining salary at 1st Security Insurance, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from 1st Security Insurance in Indianapolis is fair given the local cost of living?

To determine if a salary offer from 1st Security Insurance in Indianapolis is fair, first compare the gross salary to our data for similar roles at 1st Security Insurance and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Indianapolis" to understand its purchasing power.

5. Why might an individual's actual salary at 1st Security Insurance differ from the ranges shown here?

An individual's actual salary at 1st Security Insurance can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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