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FMT Insurance Salary

FMT Insurance Salary

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As of September 2026, the average annual salary for employees at FMT Insurance in the United States is $83,287. This translates to an approximate hourly wage of $40. Salaries at FMT Insurance typically range from $73,281 to $94,174 annually, reflecting the diverse roles and experience levels within the company.
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Is FMT Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does FMT 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
Ellinger Riggs Insurance $85,428
+2.6%
Suggests Ellinger Riggs Insurance utilizes a highly similar base-plus-benefits compensation model.
Sutter Insurance Co $102,252
+22.8%
Influenced by prevailing union wage agreements specific to Sutter Insurance Co's sector.
The Dane Group $85,312
+2.4%
Confirms The Dane Group is a direct competitor vying for the exact same talent pool.
Dwight Rudd Insurance $101,619
+22.0%
Adjusted for higher cost-of-living indices in Dwight Rudd Insurance's primary metro hubs.
Insurance Industry $123,858
+48.7%
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 FMT Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at FMT Insurance

Considering a career at FMT 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.
The annual employee appreciation events are a nice touch. A solid choice for professionals. Management maintains a professional yet approachable demeanor. The team is supportive, and management recognizes contributions.
Commented in March 12, 2025
33
2
The office culture is vibrant yet professional. I’ve grown significantly since joining this company. Working here has been a standard corporate experience. Benefits, including health insurance and retirement plans, are excellent. The benefits package is strong, including wellness programs.
Commented in November 06, 2024
36
0
Insurance products are competitive, making client interactions straightforward. It’s a stable job with decent perks, suitable for those who prefer a steady routine. This company values its employees and fosters a culture of respect. Decent pay, workload is manageable. There’s room for improvement in internal communication, but overall, it’s a decent place to work if you value stability and structu...
Commented in November 01, 2024
38
1

FMT Insurance Overview

Website
www.fmtinsurance.com
Founded In
1913
Employees
<25 employees
Industry
Insurance
Headquarter Address
PO Box 3428 Knoxville Tennessee TN 37927
Revenue
$5 Million - $10 Million
Phone Number
+1 8655235153
Social Media
About FMT Insurance
One hundred years after its founding in Knox County, Farmers Mutual of Tennessee has grown to provide insurance coverage throughout the state. We believe in neighbors helping neighbors and we make this idea a foundation of the products and services we offer. It would be hard to find a better symbol to represent our state than the farmer. With courage and determination, farmers tilled the soil, ten

What Benefits Does FMT Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. FMT 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 FMT Insurance?
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What Is the Cost of Living Near Knoxville?

Understanding the cost of living near Knoxville is key to truly evaluating a salary offer or your current compensation at FMT Insurance.
Knoxville's Cost of Living Index is approximately 86.7 (13.3% less expensive than US average; 3.9% less than TN average). Eastern TN city (Univ. of TN), affordable. KATbus. When planning your budget based on a salary from FMT Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of FMT Insurance salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (KAT monthly pass, free for UT) 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) $2,205 - $3,485+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of FMT Insurance

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

The typical annual salary range for most roles at FMT Insurance is approximately from $73,281 to $94,174. 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 FMT Insurance pay compared to Ellinger Riggs Insurance?

The average annual salary at FMT Insurance is $83,287, or an hourly wage of $40, in comparison to Ellinger Riggs Insurance which pays $85,428 per year or $41 per hour.

3. Do salaries differ significantly between departments at FMT Insurance?

Yes, salaries often differ between departments at FMT Insurance 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 FMT Insurance?

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

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

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

All salary figures displayed for FMT Insurance, 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.

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