Bay State Insurance Salary

Bay State Insurance Salary

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As of August 2026, the average annual salary for employees at Bay State Insurance in the United States is $124,224. This translates to an approximate hourly wage of $60. Salaries at Bay State Insurance typically range from $109,128 to $140,766 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Bay State Insurance

Ready for your next career move? Explore current job openings at Bay State Insurance. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Bay State Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Bay State 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
Electric Insurance Co $125,342
+0.9%
Suggests Electric Insurance Co utilizes a highly similar base-plus-benefits compensation model.
15kaiser Found Health Plan Inc Retiree Health & Welfare Plan $128,359
+3.3%
Reflects a supply-demand imbalance for the specific talent 15kaiser Found Health Plan Inc Retiree Health & Welfare Plan targets.
Federal Support Services Inc VEBA Trust Welfare Benefits Plan $126,608
+1.9%
Confirms Federal Support Services Inc VEBA Trust Welfare Benefits Plan is a direct competitor vying for the exact same talent pool.
Freedom National Insurance Services Inc $127,293
+2.5%
Indicates identical technical requirements and experience levels between the two firms.
Insurance Industry $123,858
-0.3%
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 Bay State Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Bay State Insurance

Considering a career at Bay State 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 and retirement plans, are outstanding. The company also invests in technology, making processes efficient. Colleagues are easy to work with, and management is fair. The office vibe is energetic, and the workload is reasonable. The office atmosphere is friendly, and remote work options are a plus.
Commented in May 08, 2025
25
2
The insurance products are well-structured, making it easier to serve clients. The company follows traditional insurance practices, which ensures stability. Managers are open to feedback and promote a positive work culture. Reliable employer overall. I’ve thoroughly enjoyed my time here. The office environment is modern and welcoming. The company offers strong benefits, including mental health res...
Commented in November 22, 2024
47
3
It’s a good fit for those who prefer a structured environment without high volatility. Colleagues are competent, and communication is clear. The compensation package is strong, including bonuses and retirement contributions.
Commented in June 01, 2024
26
1
Enjoy the company events. Benefits are above average, and career growth is possible. The compensation is fair, and bonuses are performance-based. Compensation is competitive, and bonuses are performance-based but fair. The insurance industry can be demanding, but the leadership ensures workloads are balanced.
Commented in February 02, 2024
15
3

Bay State Insurance Overview

Website
www.andovercos.com
Founded In
1977
Employees
500 - 1,000 employees
Industry
Insurance
Headquarter Address
180 Union Ave Framingham Massachusetts MA 01702
Revenue
$200 Million - $500 Million
Phone Number
+1 5085802503
Social Media
About Bay State Insurance
Bay State Insurance is a company that operates in the Insurance industry. It employs 501-1,000 people and has $100M-$250M of revenue. The company is headquartered in Framingham, Massachusetts.

What Benefits Does Bay State Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Bay State 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 Framingham?

Understanding the cost of living near Framingham is key to truly evaluating a salary offer or your current compensation at Bay State Insurance.
Framingham's Cost of Living Index is approximately 125.7 (25.7% more expensive than US average; 5.2% less than MA average). MetroWest hub, housing costs above US avg. MWRTA bus, Commuter Rail. When planning your budget based on a salary from Bay State Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,800 - $2,600+ A significant portion of Bay State Insurance salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (MWRTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $460 - $680 Can be higher with more dining out or specialty stores.
Personal & Leisure $430 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $410 - $760+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,330 - $5,080+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Bay State Insurance

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

The typical annual salary range for most roles at Bay State Insurance is approximately from $109,128 to $140,766. 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 Bay State Insurance pay compared to Electric Insurance Co?

The average annual salary at Bay State Insurance is $124,224, or an hourly wage of $60, in comparison to Electric Insurance Co which pays $125,342 per year or $60 per hour.

3. Do salaries differ significantly between departments at Bay State Insurance?

Yes, salaries often differ between departments at Bay State Insurance 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 Bay State Insurance?

Experience level is a significant factor in determining salary at Bay State 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.

5. How can I determine if a salary offer from Bay State Insurance in Framingham is fair given the local cost of living?

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

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

All salary figures displayed for Bay State Insurance, 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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