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Bates Insurance Group Salary

Bates Insurance Group Salary

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As of September 2026, the average annual salary for employees at Bates Insurance Group in the United States is $96,757. This translates to an approximate hourly wage of $47. Salaries at Bates Insurance Group typically range from $85,138 to $109,404 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Bates Insurance Group Pay for Different Roles?

Explore detailed salary information for specific jobs at Bates Insurance Group. Based on our data, the highest paying job is the President At, with an annual salary of $748,983. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Bates Insurance Group’s Pay Competitive? Salary Benchmarking Analysis

How does Bates Insurance Group'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
Hooper & Hines $88,698
-8.3%
Reflects market rates for standard general contracting, differing from specialized roles.
Bliss Sequoia Insurance $88,434
-8.6%
Bliss Sequoia Insurance operates with a leaner overhead structure, impacting base wage offers.
Billy Upton Agency $88,719
-8.3%
Billy Upton Agency likely leverages performance bonuses over the high base salary shown here.
Russell & Kaufmann Insurance Agents & Brokers $96,240
-0.5%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Insurance Industry $123,858
+28.0%
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 Bates Insurance Group's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Bates Insurance Group

Considering a career at Bates Insurance Group? 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.
This company provides a dynamic and engaging work environment. For those who prefer structure and consistency, this is a reasonable workplace. Leadership is transparent, and career paths are well-defined. Training is provided for new systems, though more skill-development workshops would be beneficial.
Commented in May 21, 2025
18
2
The company operates efficiently with clear role expectations. The workplace is stable with well-defined processes. Management communicates company updates regularly, though decision-making can sometimes take longer than expected. Team dynamics are good, though more cross-department collaboration would be nice. Overall, it’s a stable and fulfilling place to build a long-term career in the insuranc...
Commented in October 27, 2024
15
2
The insurance field is challenging, but the team makes it rewarding. Management is transparent about company goals, making it easy to align personal growth. The office culture is collaborative, and management is approachable.
Commented in January 28, 2024
37
1

Bates Insurance Group Overview

Website
www.batesinsurancegroup.com
Founded In
2013
Employees
<25 employees
Industry
Insurance
Headquarter Address
6385 Old Shady Oak Rd Eden Prairie Minnesota MN 55344
Revenue
<$5 Million
Phone Number
+1 9529445044
Social Media
About Bates Insurance Group
Bates Insurance Group was founded in September of 1988 by Edward Bates, who set out to assist smaller businesses with the challenges inherent in offering employee benefit programs. Previous TPA (Third Party Administrator) and corporate insurance buyer experience allowed Ed to identify a need within the small employer segment, who often do not have the resources to manage their own benefit solution

What Benefits Does Bates Insurance Group Offer Beyond Salary?

A competitive compensation package is more than just a salary. Bates Insurance Group 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 Eden Prairie?

Understanding the cost of living near Eden Prairie is key to truly evaluating a salary offer or your current compensation at Bates Insurance Group.
Eden Prairie's Cost of Living Index is approximately 115.3 (15.3% more expensive than US average; 18.7% more than MN average). Affluent Mpls suburb, excellent schools, high housing costs. SW Transit, Metro Transit. When planning your budget based on a salary from Bates Insurance Group, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,400+ A significant portion of Bates Insurance Group salary. Location choices impact this heavily.
Utilities (Basic) $120 - $210 Electricity, Heating, Cooling, Water etc.
Public Transportation Metro Transit/SW Transit (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $740+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,010 - $4,800+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Bates Insurance Group

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

The typical annual salary range for most roles at Bates Insurance Group is approximately from $85,138 to $109,404. 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 Bates Insurance Group pay compared to Hooper & Hines?

The average annual salary at Bates Insurance Group is $96,757, or an hourly wage of $47, in comparison to Hooper & Hines which pays $88,698 per year or $43 per hour.

3. Do salaries differ significantly between departments at Bates Insurance Group?

Yes, salaries often differ between departments at Bates Insurance Group due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Bates Insurance Group?

Experience level is a significant factor in determining salary at Bates Insurance Group, 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.

5. How can I determine if a salary offer from Bates Insurance Group in Eden Prairie is fair given the local cost of living?

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

6. Are the salaries listed for Bates Insurance Group on Salary.com pre-tax or after-tax?

All salary figures displayed for Bates Insurance Group, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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