Coverage Specialists Inc Salary
How Much Does Coverage Specialists Inc Pay for Different Roles?
Thanks for your feedback!
Current Job Openings at Coverage Specialists Inc
Is Coverage Specialists Inc’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| 11 to 7 Insurance Inc | $89,943 |
-14.3%
|
Normalized for lower cost-of-living zones where 11 to 7 Insurance Inc primarily operates. |
| Stamford Insurance Agency | $82,137 |
-21.8%
|
Stamford Insurance Agency likely leverages performance bonuses over the high base salary shown here. |
| Rausch Insurance Agency LLC | $85,702 |
-18.4%
|
Reflects market rates for standard general contracting, differing from specialized roles. |
| DRIVEN Insurance Services | $98,666 |
-6.0%
|
Typical compensation structure for smaller regional agencies like DRIVEN Insurance Services. |
| Insurance Industry | $123,858 |
+18.0%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Coverage Specialists Inc's Salaries Compare to Similar Companies?
11 to 7 Insurance Inc
$89,943 / year
Salary Range: $79,136 - $101,697
Stamford Insurance Agency
$82,137 / year
Salary Range: $72,273 - $92,881
Stamford, TX
Rausch Insurance Agency LLC
$85,702 / year
Salary Range: $75,398 - $96,893
Fond Du Lac, WI
DRIVEN Insurance Services
$98,666 / year
Salary Range: $86,806 - $111,562
Elk Grove, CA
Cable Insurance Inc
$86,378 / year
Salary Range: $76,002 - $97,661
Apollo, PA
Patterson Conners Insurance
$88,382 / year
Salary Range: $77,762 - $99,929
Fortuna, CA
Amana Insurance Agency
$85,302 / year
Salary Range: $75,049 - $96,442
Amana, IA
Ezone Insurance
$100,364 / year
Salary Range: $88,309 - $113,489
Tarzana, CA
Sluiter Agency Inc
$98,086 / year
Salary Range: $86,302 - $110,904
Margaretville, NY
Employee Reviews: Working at Coverage Specialists Inc
Coverage Specialists Inc Overview
What Benefits Does Coverage Specialists Inc Offer Beyond Salary?
Get an estimated calculation of how much you should be earning and insight into your career options.
What Is the Cost of Living Near Jersey City?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $2,500 - $3,800+ | A significant portion of Coverage Specialists Inc salary. Location choices impact this heavily. |
| Utilities (Basic) | $130 - $220 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $121 (PATH 30-day unlimited) / NJ Transit varies | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $470 - $700 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $500 - $900+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $420 - $780+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $4,041 - $6,401+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Coverage Specialists Inc
1. What is the average salary for employees at Coverage Specialists Inc?
The average annual total compensation for employees at Coverage Specialists Inc is approximately $104,974. However, this is an aggregate figure, actual salaries can range significantly, typically from $92,359 to $118,683, depending on factors like job role, experience, and location.
2. How much does Coverage Specialists Inc pay compared to 11 to 7 Insurance Inc?
The average annual salary at Coverage Specialists Inc is $104,974, or an hourly wage of $50, in comparison to 11 to 7 Insurance Inc which pays $89,943 per year or $43 per hour.
3. How does having a professional certification impact salary for relevant roles at Coverage Specialists Inc?
Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Coverage Specialists Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
4. Does Coverage Specialists Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Jersey City?
While some companies offer formal COLA, many, including potentially Coverage Specialists Inc, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
5. What's the typical process for salary reviews and raises at Coverage Specialists Inc?
Most companies, likely including Coverage Specialists Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.
For Employer
The trusted data and intuitive software your organization needs to get pay right.
Explore CompAnalyst ®Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.
Surveys & Data SetsReal-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.
SalaryIQTMIf your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation Planning