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HMSB Insurance Salary

HMSB Insurance Salary

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As of September 2026, the average annual salary for employees at HMSB Insurance in the United States is $83,519. This translates to an approximate hourly wage of $40. Salaries at HMSB Insurance typically range from $73,492 to $94,442 annually, reflecting the diverse roles and experience levels within the company.

How Much Does HMSB Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at HMSB Insurance. Based on our data, the highest paying job is the President & Owner, with an annual salary of $377,149. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is HMSB Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does HMSB 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
Rainbow Insurance $86,441
+3.5%
Reflects structural premiums typical of Rainbow Insurance's large-cap national operations.
Suredge $85,091
+1.9%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Truck Insurance Agency $102,189
+22.4%
Adjusted for higher cost-of-living indices in Truck Insurance Agency's primary metro hubs.
PACE Underwriters LLC $89,563
+7.2%
Supported by PACE Underwriters LLC's high-margin contracts allowing higher overhead.
Insurance Industry $123,858
+48.3%
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 HMSB Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at HMSB Insurance

Considering a career at HMSB 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 leadership encourages skill development, and the team is collaborative. Leadership is approachable, and the company values employee feedback. I’m impressed by the company’s commitment to employee growth and satisfaction. Great mentorship programs for career growth.
Commented in April 21, 2025
8
0
My experience here has been stable and reliable. I joined this company a year ago and have no regrets. Overall, it’s a stable and supportive workplace with opportunities for career advancement.
Commented in March 15, 2025
18
1
Training is thorough, and processes are documented well. I’ve had the chance to work on meaningful projects that impact clients positively. Colleagues are respectful, though departments could communicate better. The office is modern and comfortable.
Commented in February 02, 2025
18
1

HMSB Insurance Overview

Website
www.hmsbins.com
Founded In
2004
Employees
<25 employees
Industry
Insurance
Headquarter Address
204 N College Ave Greencastle Indiana IN 46135
Revenue
<$5 Million
Phone Number
+1 7656532641
Social Media
About HMSB Insurance
HMSB is a business that focuses on serving Indiana's insurance needs. We represent a variety of financially strong carriers that offer a wide array of quality and competitive products. Even though we're located in Greencastle, we have the ability to serve all of Central Indiana's residents and businesses. Our agency has built itself around the needs of its clients for virtually all of their insura

What Benefits Does HMSB Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. HMSB 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)
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What Is the Cost of Living Near Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at HMSB Insurance.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from HMSB 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 HMSB Insurance salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of HMSB Insurance

1. How much does a HMSB Insurance employee make?

HMSB Insurance pays its employees an average of $83,519 per year. The average salary at HMSB Insurance range from $73,492 to $94,442 per year. 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. Which similar company tend to pay more or less than HMSB Insurance?

The salary at HMSB Insurance is lesser than the similar company. The average annual salary at HMSB Insurance is $83,519, or an hourly wage of $40, in comparison to Rainbow Insurance which pays $86,441 per year or $42 per hour.

3. How much does a President & Owner typically earn at HMSB Insurance?

A President & Owner at HMSB Insurance typically earns an average annual base salary of around $377,149, with a general range of $297,121 to $478,198.

4. Do employees with advanced degrees (Master's, PhD) earn more at HMSB Insurance?

In many roles at HMSB Insurance, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Indianapolis affect the perceived value of a HMSB Insurance salary?

Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). This significantly impacts the purchasing power of a salary from HMSB Insurance based there. Our "Cost of Living Insights for Indianapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does HMSB Insurance typically offer employees?

HMSB Insurance generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at HMSB Insurance" section on this page.

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