Palms Insurance Salary

As of August 2026, the average hourly salary for employees at Palms Insurance in the United States is $44. This translates to an approximate annual wage of $90,586. Salaries at Palms Insurance typically range from $38 to $49 hourly, reflecting the diverse roles and experience levels within the company.
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Is Palms Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Palms 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
Workers' Compensation Administrators LLC $47
+8.3%
Driven by niche technical certifications required for Workers' Compensation Administrators LLC's specialized projects.
EasyAppsOnline LLC $42
-2.5%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Walker Insurance & Financial Services Inc $43
-2.1%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Brown & Brown of Washington Inc $50
+14.7%
Data suggests Brown & Brown of Washington Inc's workforce skews heavily towards veteran, high-tenure roles.
Insurance Industry $60
+36.7%
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.

Employee Reviews: Working at Palms Insurance

Considering a career at Palms 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 benefits, including health and retirement plans, are excellent. It’s a company that truly cares about its employees. Colleagues are always willing to help, creating a strong team dynamic. This company values employee input and fosters a positive work culture. The company follows structured processes, which can be both a strength and a limitation.
While workloads can fluctuate, management is supportive in ensuring no one is overwhelmed. The insurance products are strong, and client interactions are fulfilling. Training opportunities are plentiful, helping us stay ahead in the industry. I’ve developed valuable skills here and feel motivated to contribute long-term. It’s a good place for those who prefer a structured, predictable job. While t...
Steady job with fair compensation. The insurance industry expertise here is impressive, making daily work meaningful. The office culture is inclusive, and there’s a strong focus on employee well-being. Bonuses and incentives are fair, and there’s a strong emphasis on work-life balance.

Palms Insurance Overview

Website
www.palms-insurance.com
Founded In
2007
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
700 Universe Blvd Juno Beach Florida FL 33408
Revenue
$5 Million - $10 Million
Phone Number
+1 5613045532
Social Media
About Palms Insurance
Palms Insurance is a specialty insurer and reinsurer. Based on its history of underwriting complex risks, Palms is uniquely positioned to take on the most challenging risk protection scenarios facing businesses today. LEARN MORE

What Benefits Does Palms Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Palms 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 West Palm Beach?

Understanding the cost of living near West Palm Beach is key to truly evaluating a salary offer or your current compensation at Palms Insurance.
West Palm Beach's Cost of Living Index is approximately 113.8 (13.8% more expensive than US average; 10.4% more than FL average). South Florida city, higher housing costs, near affluent Palm Beach. Palm Tran, Tri-Rail. When planning your budget based on a salary from Palms Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Palms Insurance salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (Palm Tran monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $430 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $730+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,190 - $5,060+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Palms Insurance

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

The typical salary range for most roles at Palms Insurance is approximately from $38 to $49 per hour. 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 Palms Insurance pay compared to Workers' Compensation Administrators LLC?

The average annual salary at Palms Insurance is $90,586, or an hourly wage of $44, in comparison to Workers' Compensation Administrators LLC which pays $98,086 per year or $47 per hour.

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

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

Experience level is a significant factor in determining salary at Palms 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 Palms Insurance in West Palm Beach is fair given the local cost of living?

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

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

An individual's actual salary at Palms Insurance 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.