Excel Insurance Brokers Salary

Excel Insurance Brokers Salary

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As of August 2026, the average annual salary for employees at Excel Insurance Brokers in the United States is $95,175. This translates to an approximate hourly wage of $46. Salaries at Excel Insurance Brokers typically range from $83,746 to $107,611 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Excel Insurance Brokers Pay for Different Roles?

Explore detailed salary information for specific jobs at Excel Insurance Brokers. Based on our data, the highest paying job is the President, with an annual salary of $736,735. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Excel Insurance Brokers

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

Is Excel Insurance Brokers’s Pay Competitive? Salary Benchmarking Analysis

How does Excel Insurance Brokers'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
Grawe Insurance Agency $84,015
-11.7%
Normalized for lower cost-of-living zones where Grawe Insurance Agency primarily operates.
Farmers Union Insurance - Dennis Fjeld Agency $83,793
-12.0%
Farmers Union Insurance - Dennis Fjeld Agency focuses strategically on recruiting and training entry-level apprentices.
Tipton Agency $85,850
-9.8%
Tipton Agency likely leverages performance bonuses over the high base salary shown here.
Bible Insurance Agency Inc $80,217
-15.7%
Bible Insurance Agency Inc operates with a leaner overhead structure, impacting base wage offers.
Insurance Industry $123,858
+30.1%
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 Excel Insurance Brokers's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Excel Insurance Brokers

Considering a career at Excel Insurance Brokers? 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, it’s a stable and fulfilling place to build a career in the insurance sector. The compensation is competitive, and the benefits package is comprehensive. The benefits package is robust, including health and retirement plans. Colleagues are professional, though interactions are mostly task-focused. The insurance services we provide are high-quality, which reflects well on our team.
Commented in April 03, 2025
41
0
The company has a strong sense of community, and leadership ensures transparency in decision-making. The company culture is one of respect and collaboration, which makes coming to work enjoyable. The hybrid work model adds convenience, and the overall culture is welcoming. Employee recognition programs are motivating, and benefits are solid. The workload is manageable, though some tasks can be rep...
Commented in December 27, 2024
43
3
The workload is predictable, which can be good for those who prefer routine. It’s not the most exciting job, but it’s reliable and provides good job security, which is important in this industry. Compensation is fair, with performance bonuses and annual raises. The company offers great learning opportunities in the insurance sector.
Commented in December 15, 2024
32
3

Excel Insurance Brokers Overview

Website
www.excelinsurance.com
Founded In
Data pending, update soon.
Employees
<25 employees
Industry
Insurance
Headquarter Address
5150 W Belmont Ave Chicago Illinois IL 60641
Revenue
<$5 Million
Phone Number
+1 7737774700
Social Media
About Excel Insurance Brokers
The Best Rates on Car Insurance in Chicago. Free Quotes on Auto Insurance. Home Business Health & Life Insurance Agency Company Agents & Brokers

What Benefits Does Excel Insurance Brokers Offer Beyond Salary?

A competitive compensation package is more than just a salary. Excel Insurance Brokers 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Excel Insurance Brokers.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Excel Insurance Brokers, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Excel Insurance Brokers salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Excel Insurance Brokers

1. What is the estimated average total compensation at Excel Insurance Brokers?

Salary.com estimates that the average total compensation package at Excel Insurance Brokers, which can include base salary, potential bonuses, and benefits, is around $95,175 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Excel Insurance Brokers pay compared to Grawe Insurance Agency?

The average annual salary at Excel Insurance Brokers is $95,175, or an hourly wage of $46, in comparison to Grawe Insurance Agency which pays $84,015 per year or $40 per hour.

3. Do salaries differ significantly between departments at Excel Insurance Brokers?

Yes, salaries often differ between departments at Excel Insurance Brokers 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Excel Insurance Brokers?

Salary progression from an entry-level to a senior role at Excel Insurance Brokers can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Excel Insurance Brokers in Chicago is fair given the local cost of living?

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

6. Are promotions at Excel Insurance Brokers usually accompanied by a significant salary increase?

Yes, promotions at Excel Insurance Brokers are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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