Hoffman Insurance Services Inc Salary

As of September 2026, the average annual salary for employees at Hoffman Insurance Services Inc in the United States is $101,482. This translates to an approximate hourly wage of $49. Salaries at Hoffman Insurance Services Inc typically range from $89,280 to $114,732 annually, reflecting the diverse roles and experience levels within the company.
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Is Hoffman Insurance Services Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Hoffman Insurance Services Inc'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
Goodhart National Gorman Agency Inc $105,459
+3.9%
Adjusted for higher cost-of-living indices in Goodhart National Gorman Agency Inc's primary metro hubs.
Precise Adjustments Inc $90,934
-10.4%
Typical compensation structure for smaller regional agencies like Precise Adjustments Inc.
Core Specialty Insurance Holdings Inc $107,779
+6.2%
Reflects structural premiums typical of Core Specialty Insurance Holdings Inc's large-cap national operations.
Great Lakes Benefit Group LLC $93,297
-8.1%
Great Lakes Benefit Group LLC may offer non-monetary perks in lieu of competitive base salaries.
Insurance Industry $123,858
+22.0%
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.

Employee Reviews: Working at Hoffman Insurance Services Inc

Considering a career at Hoffman Insurance Services Inc? 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.
It’s a good fit for those who value predictability in their career. While the benefits are standard, they meet industry expectations. The insurance industry can be fast-paced, but the management ensures employees have the tools to succeed. Leadership is visionary, and teamwork is a priority. The leadership team here is exceptional, fostering a positive work environment.
It’s a great place to grow professionally while enjoying a positive workplace culture. Training sessions are comprehensive, ensuring employees are well-equipped for their roles. Employees are treated well, and management is transparent about company goals. Happy to be part of this team. The benefits are standard for the industry, and the office environment is comfortable. It’s a company that truly...
Benefits, including health insurance and retirement plans, are excellent. The insurance industry expertise here is impressive, making daily work meaningful. A great place to grow your career. While there are busy periods, the workload is fair. Team-building activities are organized quarterly, fostering strong relationships.

Hoffman Insurance Services Inc Overview

Website
www.hoffmaninsurance.com
Founded In
1958
Employees
<25 employees
Industry
Insurance
Headquarter Address
16 Laurel Ave Wellesley Massachusetts MA 02481
Revenue
$5 Million - $10 Million
Phone Number
+1 7812350087
Social Media
About Hoffman Insurance Services Inc
Hoffman Insurance was established in 1958. For 3 generations, Hoffman Insurance has been proud to serve families and businesses in Wellesley and surrounding communities. We are built on the principles of providing superior customer service and quality insurance solutions for our customers. As an independent agent, we work with select insurance companies that have proven their performance over the

What Benefits Does Hoffman Insurance Services Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Hoffman Insurance Services Inc 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 Newton?

Understanding the cost of living near Newton is key to truly evaluating a salary offer or your current compensation at Hoffman Insurance Services Inc.
Newton's Cost of Living Index is approximately 201.5 (101.5% more expensive than US average; 52.0% more than MA average). Affluent Boston suburb, excellent schools, extremely high housing costs. MBTA Green Line/bus. When planning your budget based on a salary from Hoffman Insurance Services Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,900 - $4,500+ A significant portion of Hoffman Insurance Services Inc salary. Location choices impact this heavily.
Utilities (Basic) $190 - $300 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA LinkPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $530 - $820 Can be higher with more dining out or specialty stores.
Personal & Leisure $650 - $1,200+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $470 - $900+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,830 - $7,720+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Hoffman Insurance Services Inc

1. What is the estimated average total compensation at Hoffman Insurance Services Inc?

Salary.com estimates that the average total compensation package at Hoffman Insurance Services Inc, which can include base salary, potential bonuses, and benefits, is around $101,482 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Hoffman Insurance Services Inc pay compared to Goodhart National Gorman Agency Inc?

The average annual salary at Hoffman Insurance Services Inc is $101,482, or an hourly wage of $49, in comparison to Goodhart National Gorman Agency Inc which pays $105,459 per year or $51 per hour.

3. Do salaries differ significantly between departments at Hoffman Insurance Services Inc?

Yes, salaries often differ between departments at Hoffman Insurance Services Inc 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 Hoffman Insurance Services Inc?

Salary progression from an entry-level to a senior role at Hoffman Insurance Services Inc 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 Hoffman Insurance Services Inc in Newton is fair given the local cost of living?

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

6. Are promotions at Hoffman Insurance Services Inc usually accompanied by a significant salary increase?

Yes, promotions at Hoffman Insurance Services Inc 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.