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Beacon Insurance Salary

Beacon Insurance Salary

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As of September 2026, the average annual salary for employees at Beacon Insurance in the United States is $83,804. This translates to an approximate hourly wage of $40. Salaries at Beacon Insurance typically range from $73,739 to $94,759 annually, reflecting the diverse roles and experience levels within the company.
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Is Beacon Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Beacon 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
Gutwein & Risner Insurance Agency $90,976
+8.6%
Reflects structural premiums typical of Gutwein & Risner Insurance Agency's large-cap national operations.
Sachs Insurance Services Inc $96,366
+15.0%
Driven by niche technical certifications required for Sachs Insurance Services Inc's specialized projects.
The Hockensmith Agency Inc $84,426
+0.7%
Indicates identical technical requirements and experience levels between the two firms.
Ivonne Welch Insurance Agency $98,139
+17.1%
Supported by Ivonne Welch Insurance Agency's high-margin contracts allowing higher overhead.
Insurance Industry $123,858
+47.8%
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 Beacon Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Beacon Insurance

Considering a career at Beacon 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.
Overall, a great place to grow in the insurance industry. I’ve had a great experience working here due to the supportive culture and leadership. Compensation is competitive, and bonuses are performance-based but fair. Competitive pay and good work environment. Colleagues are friendly and always willing to assist.
Commented in February 02, 2025
21
3
The company culture is welcoming, and employees are treated with respect. Team dynamics are strong, and there’s a real sense of camaraderie. The office is modern, and flexible arrangements are available. The insurance industry can be fast-paced, but the team handles challenges well. My role here has been consistent and straightforward. The leadership team is approachable and genuinely cares about ...
Commented in September 15, 2024
12
3
The work environment is stable, and processes are efficient. It’s a solid place to work if you value predictability in the insurance sector. The workload is balanced, with no excessive pressure. The insurance industry is dynamic, but the team adapts well. The job responsibilities are clearly defined, and expectations are reasonable.
Commented in July 15, 2024
31
3

Beacon Insurance Overview

Website
www.beaconins.com
Founded In
2013
Employees
<25 employees
Industry
Insurance
Headquarter Address
1284 Main St Mount Vernon Indiana IN 47620
Revenue
<$5 Million
Phone Number
+1 8128313530
Social Media
About Beacon Insurance
We are a multi-line & multi-carrier independent insurance agency. We provide personal and business insurance for a wide variety of clients throughout Southern Indiana and Illinois.

What Benefits Does Beacon Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Beacon 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)
Work at Beacon Insurance?
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What Is the Cost of Living Near Evansville?

Understanding the cost of living near Evansville is key to truly evaluating a salary offer or your current compensation at Beacon Insurance.
Evansville's Cost of Living Index is approximately 78.8 (21.2% less expensive than US average; 13.0% less than IN average). SW IN Ohio River city, affordable housing. METS bus. When planning your budget based on a salary from Beacon Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $700 - $1,100+ A significant portion of Beacon Insurance salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $35 (METS monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $540 Can be higher with more dining out or specialty stores.
Personal & Leisure $280 - $550+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $340 - $630+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,865 - $3,075+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Beacon Insurance

1. How much does a Beacon Insurance employee make?

Beacon Insurance pays its employees an average of $83,804 per year. The average salary at Beacon Insurance range from $73,739 to $94,759 per year. 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. Which similar company tend to pay more or less than Beacon Insurance?

The salary at Beacon Insurance is lesser than the similar company. The average annual salary at Beacon Insurance is $83,804, or an hourly wage of $40, in comparison to Gutwein & Risner Insurance Agency which pays $90,976 per year or $44 per hour.

3. How much does a Chief Financial Officer typically earn at Beacon Insurance?

A Chief Financial Officer at Beacon Insurance typically earns an average annual base salary of around $338,212, with a general range of $259,522 to $424,382.

4. Do employees with advanced degrees (Master's, PhD) earn more at Beacon Insurance?

In many roles at Beacon Insurance, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Evansville affect the perceived value of a Beacon Insurance salary?

Evansville's Cost of Living Index is approximately 78.8 (21.2% less expensive than US average; 13.0% less than IN average). This significantly impacts the purchasing power of a salary from Beacon Insurance based there. Our "Cost of Living Insights for Evansville" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Beacon Insurance typically offer employees?

Beacon Insurance generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Beacon Insurance" section on this page.

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