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RAM Mutual Insurance Co Salary

RAM Mutual Insurance Co Salary

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As of August 2026, the average hourly salary for employees at RAM Mutual Insurance Co in the United States is $45. This translates to an approximate annual wage of $93,160. Salaries at RAM Mutual Insurance Co typically range from $39 to $51 hourly, reflecting the diverse roles and experience levels within the company.
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Is RAM Mutual Insurance Co’s Pay Competitive? Salary Benchmarking Analysis

How does RAM Mutual Insurance Co'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
Auto Club Insurance Company of Florida $44
-1.1%
Indicates identical technical requirements and experience levels between the two firms.
American Physicians Assurance Corp $46
+2.8%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Insureon Solutions $50
+10.9%
Supported by Insureon Solutions's high-margin contracts allowing higher overhead.
Wcsit-isda $49
+10.4%
Adjusted for higher cost-of-living indices in Wcsit-isda's primary metro hubs.
Insurance Industry $60
+33.0%
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.

Companies Similar to RAM Mutual Insurance Co and Their Hourly Pay Rates

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

Employee Reviews: Working at RAM Mutual Insurance Co

Considering a career at RAM Mutual Insurance Co? 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.
Managers are approachable and encourage feedback. The office space is modern and comfortable. Management listens to feedback. Training is adequate, though not exceptional. Workloads are predictable, which helps with planning.
Commented in May 22, 2025
22
2
The insurance industry can be demanding, but the company provides excellent resources to manage workloads effectively. The hybrid work policy is well-structured, allowing for productivity and flexibility. Managers are supportive of skill-building, and promotions are merit-based. The insurance products we handle are diverse, keeping the work interesting. Workload distribution is fair, and teamwork ...
Commented in January 04, 2025
15
0
Highly recommend for professionals seeking stability in insurance. The office environment is professional, though some departments have more interaction than others. It’s a reliable employer for those seeking a steady role in the insurance field.
Commented in September 30, 2024
23
1
Team collaboration is encouraged, and there’s a real sense of camaraderie. Overall, it’s a great place to grow professionally while feeling supported. The team is collaborative, and management is open to new ideas. Managers recognize hard work, and promotions are merit-based. The insurance knowledge gained here is valuable for long-term career growth.
Commented in March 11, 2024
29
3

RAM Mutual Insurance Co Overview

Website
www.rammutual.com
Founded In
1931
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
125 E Hwy 61 Esko Minnesota MN 55733
Revenue
$10 Million - $50 Million
Phone Number
+1 2188793321
Social Media
About RAM Mutual Insurance Co
RAM Mutual Insurance Company was founded in 1931 by a group of Minnesota township mutual insurance companies for the purpose of providing reinsurance to these companies. As the needs of the township mutuals and their agency force grew and changed, RAM responded by expanding its products and services. As the reinsurer of the majority of Minnesota township mutuals, RAM provides loss prevention and i

What Benefits Does RAM Mutual Insurance Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. RAM Mutual Insurance Co 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)
Work at RAM Mutual Insurance Co?
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What Is the Cost of Living Near Duluth?

Understanding the cost of living near Duluth is key to truly evaluating a salary offer or your current compensation at RAM Mutual Insurance Co.
Duluth's Cost of Living Index is approximately 93.6 (6.4% less expensive than US average; 3.6% less than MN average). Lake Superior port city, scenic, affordable housing, cold winters. DTA bus. When planning your budget based on a salary from RAM Mutual Insurance Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of RAM Mutual Insurance Co salary. Location choices impact this heavily.
Utilities (Basic) $140 - $250 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (DTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,560+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of RAM Mutual Insurance Co

1. What is the average salary for employees at RAM Mutual Insurance Co?

The average total compensation for employees at RAM Mutual Insurance Co is approximately $45 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $39 to $51 per hour, depending on factors like job role, experience, and location.

2. How much does RAM Mutual Insurance Co pay compared to Auto Club Insurance Company of Florida?

The average annual salary at RAM Mutual Insurance Co is $93,160, or an hourly wage of $45, in comparison to Auto Club Insurance Company of Florida which pays $92,095 per year or $44 per hour.

3. What is the lowest salary at RAM Mutual Insurance Co?

The lowest-paying job at RAM Mutual Insurance Co is an IT Support Specialist with a salary of $43 per hour. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at RAM Mutual Insurance Co?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at RAM Mutual Insurance Co for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does RAM Mutual Insurance Co offer cost-of-living adjustments (COLA) for employees in high-cost areas like Duluth?

While some companies offer formal COLA, many, including potentially RAM Mutual Insurance Co, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at RAM Mutual Insurance Co?

Most companies, likely including RAM Mutual Insurance Co, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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