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Silac Insurance Co Salary

Silac Insurance Co Salary

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As of August 2026, the average hourly salary for employees at Silac Insurance Co in the United States is $46. This translates to an approximate annual wage of $94,890. Salaries at Silac Insurance Co typically range from $40 to $52 hourly, reflecting the diverse roles and experience levels within the company.
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Is Silac Insurance Co’s Pay Competitive? Salary Benchmarking Analysis

How does Silac 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
Duttera Insurance Agency $45
-1.4%
Suggests Duttera Insurance Agency utilizes a highly similar base-plus-benefits compensation model.
Assurance United Group $47
+3.8%
Data suggests Assurance United Group's workforce skews heavily towards veteran, high-tenure roles.
American Centurion Life Assurance Co Of New $52
+14.8%
Adjusted for higher cost-of-living indices in American Centurion Life Assurance Co Of New's primary metro hubs.
International Union-Operatng Engnrs Loc15 15a&c Muni Empl Welfare Fund $59
+29.2%
Driven by niche technical certifications required for International Union-Operatng Engnrs Loc15 15a&c Muni Empl Welfare Fund's specialized projects.
Insurance Industry $60
+30.5%
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 Silac Insurance Co and Their Hourly Pay Rates

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

Employee Reviews: Working at Silac Insurance Co

Considering a career at Silac 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.
This company offers a stable work environment in the insurance sector. Colleagues are cooperative, and leadership communicates well. Enjoy the flexible work policies and team camaraderie. Work-life balance is prioritized, and managers are understanding of personal needs. The benefits are excellent, including strong retirement plans and health coverage.
Commented in April 30, 2025
31
1
Training programs are thorough, and there’s a strong emphasis on teamwork. It’s a decent place to work if you value consistency in the insurance sector. The benefits package is strong, including wellness programs. Employees are encouraged to share ideas, and leadership listens. The office atmosphere is welcoming, and remote work flexibility is a plus.
Commented in February 04, 2025
17
1
Leadership is transparent about company goals, making employees feel valued. Highly recommend for anyone seeking stability and professional development in insurance. Training is adequate, and processes are well-structured. A reliable employer for those seeking long-term roles. A great workplace for driven professionals. Good communication from leadership. Flexible scheduling is a major perk, and t...
Commented in May 08, 2024
25
0
The office culture is welcoming, making it easy to collaborate. The insurance solutions offered are innovative, making work engaging. The work environment is professional yet welcoming, and colleagues are always willing to help. Leadership is accessible, and career advancement opportunities are clear. Compensation is competitive, and work-life balance is prioritized.
Commented in January 12, 2024
29
3

Silac Insurance Co Overview

Website
www.silacins.com
Founded In
1992
Employees
100 - 200 employees
Industry
Insurance
Headquarter Address
299 S Main St Salt Lake City Utah UT 84111
Revenue
$10 Million - $50 Million
Phone Number
+1 8015793711
Social Media
About Silac Insurance Co
Silac Insurance Co is a company that operates in the Insurance industry. It employs 101-250 people and has $10M-$25M of revenue. The company is headquartered in Salt Lake City, Utah.

What Benefits Does Silac Insurance Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Silac 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)
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What Is the Cost of Living Near Salt Lake City?

Understanding the cost of living near Salt Lake City is key to truly evaluating a salary offer or your current compensation at Silac Insurance Co.
Salt Lake City's Cost of Living Index is approximately 104.3 (4.3% more expensive than US average; 2.8% more than UT average). State capital, growing tech scene, housing costs above US avg. UTA bus/TRAX/FrontRunner. When planning your budget based on a salary from Silac Insurance Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of Silac Insurance Co salary. Location choices impact this heavily.
Utilities (Basic) $100 - $180 Electricity, Heating, Cooling, Water etc.
Public Transportation $85 (UTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,675 - $4,135+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Silac Insurance Co

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

The average total compensation for employees at Silac Insurance Co is approximately $46 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $40 to $52 per hour, depending on factors like job role, experience, and location.

2. How much does Silac Insurance Co pay compared to Duttera Insurance Agency?

The average annual salary at Silac Insurance Co is $94,890, or an hourly wage of $46, in comparison to Duttera Insurance Agency which pays $93,540 per year or $45 per hour.

3. What is the lowest salary at Silac Insurance Co?

The lowest-paying job at Silac Insurance Co is a Counsel with a salary of $72 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 Silac 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 Silac Insurance Co for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Silac Insurance Co offer cost-of-living adjustments (COLA) for employees in high-cost areas like Salt Lake City?

While some companies offer formal COLA, many, including potentially Silac 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 Silac Insurance Co?

Most companies, likely including Silac 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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