Electric Insurance Co Salary

Electric Insurance Co Salary

Salaries

Job Openings

Similar Company

Reviews

Overview

FAQ

Recommended HR Topics
Global Market Data Hot Insights on Your Competitors' PayNew Compensation Planning Hot Develop a Job Description Pay Equlity Benefits Consulting
As of August 2026, the average annual salary for employees at Electric Insurance Co in the United States is $125,342. This translates to an approximate hourly wage of $60. Salaries at Electric Insurance Co typically range from $110,109 to $142,035 annually, reflecting the diverse roles and experience levels within the company.
How accurate does the salary look to you?

Current Job Openings at Electric Insurance Co

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

Is Electric Insurance Co’s Pay Competitive? Salary Benchmarking Analysis

How does Electric Insurance Co'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
Bay State Insurance $124,224
-0.9%
Confirms Bay State Insurance is a direct competitor vying for the exact same talent pool.
15kaiser Found Health Plan Inc Retiree Health & Welfare Plan $128,359
+2.4%
Indicates identical technical requirements and experience levels between the two firms.
Federal Support Services Inc VEBA Trust Welfare Benefits Plan $126,608
+1.0%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Freedom National Insurance Services Inc $127,293
+1.6%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Insurance Industry $123,858
-1.2%
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 Electric Insurance Co's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Electric Insurance Co

Considering a career at Electric Insurance Co? 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.
Corporate communications are clear, keeping everyone informed. I’m happy with my career progression and the supportive culture. Benefits align with industry standards, and the team is cooperative. Work-life balance is prioritized, and managers are understanding of personal needs.
Commented in February 28, 2025
22
2
The company values integrity and customer focus, which aligns with my work ethic. Colleagues are professional, though more team-building activities would enhance collaboration. The role is structured, and expectations are clear from the start. The team is competent, and communication is efficient. Team collaboration is a highlight, making daily tasks enjoyable.
Commented in November 11, 2024
27
2
The insurance sector is process-driven, and this company handles operations efficiently. Colleagues are collaborative, and leadership is approachable. Community engagement initiatives allow employees to give back, adding purpose beyond daily tasks.
Commented in September 05, 2024
30
2
A company, fair policies. Competitive pay and good benefits. It’s a reliable employer with standard corporate perks—good for those who prefer consistency. The team is competent, and collaboration happens smoothly when needed. The hybrid work model, health benefits, and professional development opportunities are outstanding. While workloads can fluctuate, flexibility in scheduling helps manage prio...
Commented in July 03, 2024
22
3
There are opportunities for skill development, though advancement can take time. I’ve had a very positive experience working here. It’s a place where hard work is recognized, and career growth is encouraged.
Commented in January 28, 2024
48
3

Electric Insurance Co Overview

Website
www.eic.electricinsurance.com
Founded In
1966
Employees
500 - 1,000 employees
Industry
Insurance
Headquarter Address
75 Sam Fonzo Dr Beverly Massachusetts MA 01915
Revenue
$200 Million - $500 Million
Phone Number
+1 9785245000
Social Media
About Electric Insurance Co
Founded in 1996 and based out of Beverly, Massachusetts, Electric Insurance is an insurance company that specializes in home, auto, and tenant insurance services.

What Benefits Does Electric Insurance Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Electric Insurance Co 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 Electric Insurance Co?
Share your experience
How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

Get estimated pay range See more details
illustration

What Is the Cost of Living Near Lynn?

Understanding the cost of living near Lynn is key to truly evaluating a salary offer or your current compensation at Electric Insurance Co.
Lynn's Cost of Living Index is approximately 123.6 (23.6% more expensive than US average; 6.8% less than MA average). North Shore city, more affordable than Boston but housing is rising. MBTA bus/Commuter Rail, Ferry. When planning your budget based on a salary from Electric Insurance Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,500+ A significant portion of Electric Insurance Co salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA pass varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $670 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,210 - $4,930+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Electric Insurance Co

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

The typical annual salary range for most roles at Electric Insurance Co is approximately from $110,109 to $142,035. 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 Electric Insurance Co pay compared to Bay State Insurance?

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

3. Do salaries differ significantly between departments at Electric Insurance Co?

Yes, salaries often differ between departments at Electric Insurance Co 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 Electric Insurance Co?

Experience level is a significant factor in determining salary at Electric Insurance Co, 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 Electric Insurance Co in Lynn is fair given the local cost of living?

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

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

All salary figures displayed for Electric Insurance Co, 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.

For Employer

What Should I Pay?

The trusted data and intuitive software your organization needs to get pay right.

Explore CompAnalyst ®
Looking for Accurate Salary Data?

Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.

Surveys & Data Sets
Unlock Intelligence on Your Competitors' Salaries Across 35 Countries

Real-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.

SalaryIQTM
The Only Compensation System That Helps You EXCEL.

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning