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Vela Insurance Services LLC Salary

Vela Insurance Services LLC Salary

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As of August 2026, the average hourly salary for employees at Vela Insurance Services LLC in the United States is $54. This translates to an approximate annual wage of $112,442. Salaries at Vela Insurance Services LLC typically range from $48 to $61 hourly, reflecting the diverse roles and experience levels within the company.
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Is Vela Insurance Services LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Vela Insurance Services LLC'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
Avisena Inc $47
-13.5%
Avisena Inc focuses strategically on recruiting and training entry-level apprentices.
SmithRx $59
+9.0%
Data suggests SmithRx's workforce skews heavily towards veteran, high-tenure roles.
Property Casualty Insurers Association of America $51
-5.7%
Typical compensation structure for smaller regional agencies like Property Casualty Insurers Association of America.
Denise Cloud Public Adjuster $52
-3.9%
Denise Cloud Public Adjuster operates with a leaner overhead structure, impacting base wage offers.
Insurance Industry $60
+10.2%
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 Vela Insurance Services LLC and Their Hourly Pay Rates

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

Employee Reviews: Working at Vela Insurance Services LLC

Considering a career at Vela Insurance Services LLC? 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.
A company with good job security. Work-life balance is prioritized, and managers are understanding of personal needs. It allows for thorough work without excessive pressure. The culture is positive, and teamwork is encouraged.
Commented in April 08, 2025
42
3
Compensation is fair, and the benefits package is strong. Managers are supportive and recognize hard work. The office environment is comfortable, and processes are efficient. I see myself growing here long-term. Mental health resources are available, and managers encourage a healthy work-life balance. Training programs are thorough, though some systems could use updating. The role is structured, a...
Commented in November 22, 2024
41
2
A stable employer for professionals. The company invests in training, helping employees stay updated with industry trends. Benefits are competitive, and there are regular opportunities for skill-building. The company invests in technology, making daily tasks more efficient.
Commented in January 08, 2024
30
2

Vela Insurance Services LLC Overview

Website
www.vela-ins.com
Founded In
1997
Employees
100 - 200 employees
Industry
Insurance
Headquarter Address
725 S Figueroa St Los Angeles California CA 90017
Revenue
$10 Million - $50 Million
Phone Number
+1 8778352467
Social Media
About Vela Insurance Services LLC
Vela Insurance Services is a casualty insurance provider that offers a range of commercial casualty and professional liability insurance solutions. The company was formed in 1996 and is headquartered in Chicago, Illinois.

What Benefits Does Vela Insurance Services LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Vela Insurance Services LLC 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 Los Angeles?

Understanding the cost of living near Los Angeles is key to truly evaluating a salary offer or your current compensation at Vela Insurance Services LLC.
Los Angeles' Cost of Living Index is approximately 173.3 (73.3% more expensive than US average; 23.9% more than CA average). Driven by extremely expensive housing, high transportation costs, and above-average goods/services. When planning your budget based on a salary from Vela Insurance Services LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Vela Insurance Services LLC salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $100 (Metro TAP card varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,050 - $6,450+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Vela Insurance Services LLC

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

The typical salary range for most roles at Vela Insurance Services LLC is approximately from $48 to $61 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 Vela Insurance Services LLC pay compared to Avisena Inc?

The average annual salary at Vela Insurance Services LLC is $112,442, or an hourly wage of $54, in comparison to Avisena Inc which pays $97,210 per year or $47 per hour.

3. Do salaries differ significantly between departments at Vela Insurance Services LLC?

Yes, salaries often differ between departments at Vela Insurance Services LLC 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 Vela Insurance Services LLC?

Experience level is a significant factor in determining salary at Vela Insurance Services LLC, 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 Vela Insurance Services LLC in Los Angeles is fair given the local cost of living?

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

6. Are the salaries listed for Vela Insurance Services LLC on Salary.com pre-tax or after-tax?

All salary figures displayed for Vela Insurance Services LLC, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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