Formea Insurance Group Inc Salary

How Much Does Formea Insurance Group Inc Pay?BETA

As of December 2024, the average annual salary for employees at Formea Insurance Group Inc in the United States is $84,394. This translates to an approximate hourly wage of $41. Salaries at Formea Insurance Group Inc typically range from $74,252 to $95,417 annually, reflecting the diverse roles and experience levels within the company. Individual salaries can vary significantly based on factors such as job role, experience, education level, certifications, and more. At Formea Insurance Group Inc, A Licensed Insurance Agent is among the highest earners, with an average salary of approximately $71,417 per year. Conversely, the lowest-paid position is Customer Service Representative, earning around $29,733 annually. Explore this page further for more salary and benefits information at Formea Insurance Group Inc.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Formea Insurance Group Inc Pay for Different Roles?BETA

At Formea Insurance Group Inc, salaries can vary significantly based on factors such as location, industry, job category, and department. Below, we provide a detailed overview of salary ranges for various roles within the company.

It's important to note that salaries for the same position may differ due to several factors, including experience, education level, training, skills, and competencies. For instance, Licensed Insurance Agent positions at Formea Insurance Group Inc offer the highest average annual salary of $71,417, while Customer Service Representative roles have an average annual salary of $29,733.

JOB TITLE SALARY RANGE AVERAGE SALARY COMPANY NAME
Licensed Insurance Agent $62,515 - $85,347 $71,417 Formea Insurance Group Inc
Office Assistant $30,080 - $35,945 $32,797 Formea Insurance Group Inc
Customer Service Representative $26,829 - $32,764 $29,733 Formea Insurance Group Inc
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate dose the salary look to you?

Formea Insurance Group Inc Overview

Website:
formeainsurance.com
Size:
<25 Employees
Industry:
Insurance
Revenue:
<$5M
About:
Tracy Formea founded Formea Insurance Group, Inc. in 2003. As an independent insurance agency located in Chatham, Illinois, Formea Insurance Group, Inc. offers numerous high rated insurance carriers to each client. Being independent means we are not obligated to any one company, just our client! Thi...

Most Common Benefits for Formea Insurance Group Inc

Aside from the base salary, Formea Insurance Group Inc offers its employees a list of benefits. Employee benefits are an important factor in considering a position posted by the company.
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
Work at Formea Insurance Group Inc ?
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.

illustration

Job Openings at Formea Insurance Group Inc

Planning your next career step? Take a look at the top jobs Formea Insurance Group Inc is hiring for right now.

Similar Company Salary

Companies in the same industry have the same employee size, company type, similar revenue are similar companies. The table below shows the salary range and average salary of Formea Insurance Group Inc ’s peer companies.
Southeastern PA Insurance LLC Limerick, PA $81,226 - $104,380 Company Salary Range $92,316 Average Company Salary
Burkard Insurance LLC Alpharetta, GA $78,660 - $101,087 Company Salary Range $89,405 Average Company Salary
Garbrick-Shadle Insurance Agency Pleasant Gap, PA $75,214 - $96,649 Company Salary Range $85,481 Average Company Salary
Watermark Employee Benefits LLC Grandville, MI $75,947 - $97,600 Company Salary Range $86,325 Average Company Salary
Professional Underwriters Agency Inc Oak Brook, IL $83,599 - $107,440 Company Salary Range $95,016 Average Company Salary
Finlen Warranty Processing Lexington, IL $75,599 - $97,149 Company Salary Range $85,924 Average Company Salary
Long Insurance Services LLC Detroit, MI $79,732 - $102,453 Company Salary Range $90,618 Average Company Salary
Plan Benefit Services Inc Columbia, SC $74,664 - $95,954 Company Salary Range $84,869 Average Company Salary
Robert E Bouchie Jr Insurance Cataumet, MA $84,103 - $108,075 Company Salary Range $95,586 Average Company Salary
See more companies

FAQs About Formea Insurance Group Inc Company

1. How much does Formea Insurance Group Inc in the United States pay?

Formea Insurance Group Inc pays its employees an average of $84,394 per year. The average salary at Formea Insurance Group Inc range from $74,252 to $95,417 per year. Licensed Insurance Agent jobs at Formea Insurance Group Inc earn the most with an average annual salary of $71,417, while Customer Service Representative jobs earn the least with an average annual salary of $29,733.

2. Do Formea Insurance Group Inc employees get a higher salary than other similar companies?

The salary at Formea Insurance Group Inc is lesser than Robert E Bouchie Jr Insurance. The highest salary package reported for an employee at Formea Insurance Group Inc is $95,417 per year, meanwhile the highest salary package reported for an employee at Robert E Bouchie Jr Insurance is $108,075 per year.

3. How much does Formea Insurance Group Inc pay compared to Robert E Bouchie Jr Insurance?

The average annual salary at Formea Insurance Group Inc is $84,394, or an hourly wage of $41, in comparison to Robert E Bouchie Jr Insurance which pays $95,586 per year or $46 per hour.

4. Which job skills can boost an Office Assistant salary at Formea Insurance Group Inc?

Customer Service, Data entry and Microsoft Office are key to an Office Assistant job at Formea Insurance Group Inc. Possessing these skills could lead to a higher salary. You can learn and develop high income skills now if you’re looking for a position at Formea Insurance Group Inc.

5. What is the lowest salary at Formea Insurance Group Inc?

The lowest paying job at Formea Insurance Group Inc is Customer Service Representative with an annual salary of $29,733 or an hourly rate of $41.