GovTech Salary

GovTech Salary

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As of June 2026, the average annual salary for employees at GovTech in the United States is $99,963. This translates to an approximate hourly wage of $48. Salaries at GovTech typically range from $87,952 to $113,025 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at GovTech

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Is GovTech’s Pay Competitive? Salary Benchmarking Analysis

How does GovTech'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
Newstead Group International Inc $92,211
-7.8%
Normalized for lower cost-of-living zones where Newstead Group International Inc primarily operates.
Compass Insurance & Financial Group $85,829
-14.1%
Compass Insurance & Financial Group focuses strategically on recruiting and training entry-level apprentices.
National Trust Insurance Services LLC $92,327
-7.6%
National Trust Insurance Services LLC may offer non-monetary perks in lieu of competitive base salaries.
Russell Insurance Group Inc $90,185
-9.8%
Typical compensation structure for smaller regional agencies like Russell Insurance Group Inc.
Insurance Industry $123,858
+23.9%
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 GovTech's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at GovTech

Considering a career at GovTech? 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 office has great amenities, including a wellness room and free snacks. My time at this insurance company has been consistent. The insurance industry can be demanding, but this company makes it enjoyable with a supportive environment. The work environment is professional, and colleagues are generally cooperative. Benefits like wellness programs and bonuses make it a standout employer.
Commented in March 25, 2025
46
0
Performance reviews are constructive, and there’s a clear path for advancement. The leadership team is transparent about company goals, which helps employees align their efforts. A fantastic workplace for insurance professionals.
Commented in November 28, 2024
43
1
Community involvement is another highlight, with volunteer days and charity drives. The company is stable, with clear workflows. Management is approachable and values feedback. Great place to work if you’re looking for stability and growth. The insurance training is top-notch, with access to industry certifications. Work-life balance is respected, and flexible scheduling options are available.
Commented in November 13, 2024
8
2

GovTech Overview

Website
www.govtechinsurance.com
Founded In
2011
Employees
<25 employees
Industry
Insurance
Headquarter Address
6720b Rockledge Dr Bethesda Maryland MD 20817
Revenue
<$5 Million
Phone Number
+1 2024688324
Social Media
About GovTech
GovTech is the only insurance company in the country that specializes in liability coverage for technology companies who primarily focus on federal and state government contracts. Policyholder owned and reliably managed by the industry's leading insurance professionals and underwriters, GovTech is uniquely prepared to provide its members with policy coverage specific to their needs, timely attenti

What Benefits Does GovTech Offer Beyond Salary?

A competitive compensation package is more than just a salary. GovTech 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 Bethesda?

Understanding the cost of living near Bethesda is key to truly evaluating a salary offer or your current compensation at GovTech.
Bethesda's Cost of Living Index is approximately 189.7 (89.7% more expensive than US average; 67.9% more than MD average). Affluent Montgomery County suburb (NIH, Walter Reed), extremely high housing costs, upscale amenities. Ride On bus, Metro Red Line. When planning your budget based on a salary from GovTech, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,600 - $4,000+ A significant portion of GovTech salary. Location choices impact this heavily.
Utilities (Basic) $160 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (Ride On pass, Metro extra) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $510 - $780 Can be higher with more dining out or specialty stores.
Personal & Leisure $600 - $1,100+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $460 - $880+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,375 - $6,935+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of GovTech

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

The typical annual salary range for most roles at GovTech is approximately from $87,952 to $113,025. 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 GovTech pay compared to Newstead Group International Inc?

The average annual salary at GovTech is $99,963, or an hourly wage of $48, in comparison to Newstead Group International Inc which pays $92,211 per year or $44 per hour.

3. Do salaries differ significantly between departments at GovTech?

Yes, salaries often differ between departments at GovTech 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 GovTech?

Experience level is a significant factor in determining salary at GovTech, 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 GovTech in Bethesda is fair given the local cost of living?

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

6. Why might an individual's actual salary at GovTech differ from the ranges shown here?

An individual's actual salary at GovTech can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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