Salary AI Book a Demo
Farmers Specialty Salary

Farmers Specialty 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 October 2026, the average annual salary for employees at Farmers Specialty in the United States is $88,772. This translates to an approximate hourly wage of $43. Salaries at Farmers Specialty typically range from $78,101 to $100,368 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Farmers Specialty Pay for Different Roles?

Explore detailed salary information for specific jobs at Farmers Specialty. Based on our data, the highest paying job is the Quality Consultant, with an annual salary of $84,047. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Farmers Specialty’s Pay Competitive? Salary Benchmarking Analysis

How does Farmers Specialty'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
Pike Insurance Services $96,904
+9.2%
Supported by Pike Insurance Services's high-margin contracts allowing higher overhead.
Europa Assurances Courtages $105,617
+19.0%
Data suggests Europa Assurances Courtages's workforce skews heavily towards veteran, high-tenure roles.
TLC Insurance Agency $89,004
+0.3%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Coldbrook Insurance $89,721
+1.1%
Suggests Coldbrook Insurance utilizes a highly similar base-plus-benefits compensation model.
Insurance Industry $123,858
+39.5%
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 Farmers Specialty's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Farmers Specialty

Considering a career at Farmers Specialty? 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.
Benefits are competitive, and work-life balance is good. Team members are friendly, and the work is fulfilling. The company emphasizes professional development, offering workshops and certifications to help employees grow. Managers are attentive and provide clear direction, making it easy to meet objectives. Work-life balance is prioritized, making it an excellent place to build a career.
Commented in April 18, 2025
19
1
Highly recommend for professionals seeking stability in insurance. Compensation is competitive, and recognition programs keep morale high. Career advancement is possible but requires patience. The insurance industry can be predictable, but the team handles it well. Enjoy the work-life balance here.
Commented in April 05, 2025
37
2
The hybrid policy allows for flexibility, and management trusts employees to manage their time effectively. Communication from leadership is clear and frequent. While there are busy periods, the workload is fair. The corporate social responsibility initiatives are commendable, adding purpose to daily work. A fulfilling place to work in the insurance sector. I appreciate the transparency and integr...
Commented in March 05, 2025
46
2

Farmers Specialty Overview

Website
www.farmersspecialtyauto.com
Founded In
1995
Employees
<25 employees
Industry
Insurance
Headquarter Address
PO Box 2008 Grand Rapids Michigan MI 49501
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About Farmers Specialty
Farmers Specialty is a company that operates in the Insurance industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Grand Rapids, Michigan.

What Benefits Does Farmers Specialty Offer Beyond Salary?

A competitive compensation package is more than just a salary. Farmers Specialty 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 Farmers Specialty?
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 Grand Rapids?

Understanding the cost of living near Grand Rapids is key to truly evaluating a salary offer or your current compensation at Farmers Specialty.
Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). Western MI city, growing, affordable housing. The Rapid bus. When planning your budget based on a salary from Farmers Specialty, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Farmers Specialty salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (The Rapid monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,580+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Farmers Specialty

1. What is the estimated average total compensation at Farmers Specialty?

Salary.com estimates that the average total compensation package at Farmers Specialty, which can include base salary, potential bonuses, and benefits, is around $88,772 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Farmers Specialty pay compared to Pike Insurance Services?

The average annual salary at Farmers Specialty is $88,772, or an hourly wage of $43, in comparison to Pike Insurance Services which pays $96,904 per year or $47 per hour.

3. Do salaries differ significantly between departments at Farmers Specialty?

Yes, salaries often differ between departments at Farmers Specialty 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 Farmers Specialty?

Salary progression from an entry-level to a senior role at Farmers Specialty 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 Farmers Specialty in Grand Rapids is fair given the local cost of living?

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

6. Are promotions at Farmers Specialty usually accompanied by a significant salary increase?

Yes, promotions at Farmers Specialty 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.

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