Vspec Salary

Vspec Salary

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As of August 2026, the average hourly salary for employees at Vspec in the United States is $45. This translates to an approximate annual wage of $93,466. Salaries at Vspec typically range from $40 to $51 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Vspec Pay for Different Roles?

Explore detailed salary information for specific jobs at Vspec. Based on our data, the highest paying job is the Managing Director, with an hourly wage of $348. The table below outlines the hourly wage ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Vspec

Ready for your next career move? Explore current job openings at Vspec. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Vspec’s Pay Competitive? Salary Benchmarking Analysis

How does Vspec'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
Northern Capital Insurance Co $46
+2.8%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Apps Para Medical Services $52
+14.8%
Driven by niche technical certifications required for Apps Para Medical Services's specialized projects.
West Point Insurance Services $45
+0.6%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Medrium Inc $58
+28.5%
Reflects structural premiums typical of Medrium Inc's large-cap national operations.
Insurance Industry $60
+32.5%
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 Vspec and Their Hourly Pay Rates

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

Employee Reviews: Working at Vspec

Considering a career at Vspec? 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 leadership team actively seeks input from staff, and changes are implemented based on feedback. It’s a stable job with decent perks, suitable for those who prefer a steady routine. Leadership communicates company objectives clearly, though feedback loops could be stronger. The insurance industry can be demanding, but the company provides excellent resources to manage workloads effectively. Com...
Commented in April 20, 2025
14
0
The workplace operates efficiently with clear expectations. Managers are approachable and recognize employee contributions. I’ve been with this insurance firm for over two years, and it’s been a great journey. A top choice for insurance professionals. I’ve enjoyed my time here due to the strong company culture and focus on employee satisfaction. A great place to grow professionally. The team is co...
Commented in January 25, 2025
23
1
Joining this insurance company was a great career move. The benefits package is robust, including health and retirement plans. Managers are approachable and provide constructive feedback.
Commented in February 10, 2024
10
1

Vspec Overview

Website
www.vspecclaims.com
Founded In
2000
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
4200 C St SW Cedar Rapids Iowa IA 52404
Revenue
$10 Million - $50 Million
Phone Number
+1 8664035338
Social Media
About Vspec
Vspec prides itself on offering a Repair Shop Network that's sole focus is making sure the customer receives a high quality repair and excellent customer service. That's why, unlike a standard Direct Repair Program (DRP) our managed Repair Program (MRP) sees the complete repair process through to the end. From the time we make initial contact with the owner until they pick up their unit from the s

What Benefits Does Vspec Offer Beyond Salary?

A competitive compensation package is more than just a salary. Vspec 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 Vspec?
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What Is the Cost of Living Near Cedar Rapids?

Understanding the cost of living near Cedar Rapids is key to truly evaluating a salary offer or your current compensation at Vspec.
Cedar Rapids' Cost of Living Index is approximately 82.5 (17.5% less expensive than US average; 8.2% less than IA average). Eastern IA city, affordable housing. CR Transit. When planning your budget based on a salary from Vspec, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,150+ A significant portion of Vspec salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $35 (CR Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $540 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $340 - $630+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,925 - $3,135+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Vspec

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

The typical salary range for most roles at Vspec is approximately from $40 to $51 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 Vspec pay compared to Northern Capital Insurance Co?

The average annual salary at Vspec is $93,466, or an hourly wage of $45, in comparison to Northern Capital Insurance Co which pays $96,082 per year or $46 per hour.

3. Do salaries differ significantly between departments at Vspec?

Yes, salaries often differ between departments at Vspec 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 Vspec?

Experience level is a significant factor in determining salary at Vspec, 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 Vspec in Cedar Rapids is fair given the local cost of living?

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

6. What factors influence salary increases at Vspec?

Salary increases at Vspec are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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