Insurance Companies Salary

As of August 2026, the average annual salary for employees at Insurance Companies in the United States is $96,999. This translates to an approximate hourly wage of $47. Salaries at Insurance Companies typically range from $85,294 to $109,770 annually, reflecting the diverse roles and experience levels within the company.
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Is Insurance Companies’s Pay Competitive? Salary Benchmarking Analysis

How does Insurance Companies'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
Barker Phillips Jackson Inc $90,734
-6.5%
Barker Phillips Jackson Inc likely leverages performance bonuses over the high base salary shown here.
Wells Fargo Insurance Services Usa Inc $99,763
+2.8%
Indicates identical technical requirements and experience levels between the two firms.
Security America Risk Purchasing Group $95,048
-2.0%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Gorst & Compass TM $109,203
+12.6%
Reflects structural premiums typical of Gorst & Compass TM's large-cap national operations.
Insurance Industry $123,858
+27.7%
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 Insurance Companies

Considering a career at Insurance Companies? 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 insurance industry can be challenging, but the support here is strong. Benefits are standard, and management is responsive. Highly recommend joining this organization.
Teams work well together, and management is always open to new ideas. The company fosters a culture of innovation and teamwork. The office atmosphere is friendly, and collaboration is encouraged. The company operates efficiently, with well-defined processes. Benefits like health coverage and performance bonuses are excellent.
The leadership team is transparent about company goals, which helps employees align their efforts. Employee recognition programs are motivating, and benefits are solid. The company is well-established, with solid processes in place. Impressive benefits package and strong emphasis on diversity. The insurance products are reputable, making client interactions smoother.
The company meets industry standards in terms of compensation and work expectations. The company offers excellent training programs, and the team is very supportive. The team feels like a family. I’ve thoroughly enjoyed my time here. It’s a reliable employer for insurance professionals. The benefits, including stock options and health plans, are outstanding. The team atmosphere is collaborative, a...
It’s a steady workplace with reasonable expectations for performance. The workload is manageable, and benefits are strong. It’s a great place to build a long-term career in the insurance industry.

Insurance Companies Overview

Website
www.insurancly.com
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
1100 Walnut St Kansas City Missouri MO 64106
Revenue
$10 Million - $50 Million
Phone Number
+1 2813342486
Social Media
About Insurance Companies
Insurance Companies is a company that operates in the Insurance industry. It employs 51-100 people and has $10M-$25M of revenue. The company is headquartered in Kansas City, Missouri.

What Benefits Does Insurance Companies Offer Beyond Salary?

A competitive compensation package is more than just a salary. Insurance Companies 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 Kansas City?

Understanding the cost of living near Kansas City is key to truly evaluating a salary offer or your current compensation at Insurance Companies.
Kansas City, MO's Cost of Living Index is approximately 87.2 (12.8% less expensive than US average; 1.9% less than MO average). Major city, BBQ/jazz, affordable housing, RideKC bus/streetcar (free). When planning your budget based on a salary from Insurance Companies, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,500+ A significant portion of Insurance Companies salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (RideKC monthly pass, streetcar free) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,270 - $3,670+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Insurance Companies

1. How much does an Insurance Companies employee make?

Insurance Companies pays its employees an average of $96,999 per year. The average salary at Insurance Companies range from $85,294 to $109,770 per year. 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. Which similar company tend to pay more or less than Insurance Companies?

The salary at Insurance Companies is higher than the similar company. The average annual salary at Insurance Companies is $96,999, or an hourly wage of $47, in comparison to Barker Phillips Jackson Inc which pays $90,734 per year or $44 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Insurance Companies?

In many roles at Insurance Companies, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near Kansas City affect the perceived value of a Insurance Companies salary?

Kansas City, MO's Cost of Living Index is approximately 87.2 (12.8% less expensive than US average; 1.9% less than MO average). This significantly impacts the purchasing power of a salary from Insurance Companies based there. Our "Cost of Living Insights for Kansas City" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Insurance Companies typically offer employees?

Insurance Companies generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Insurance Companies" section on this page.