Kranz Insurance Salary

Kranz Insurance Salary

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As of August 2026, the average annual salary for employees at Kranz Insurance in the United States is $80,450. This translates to an approximate hourly wage of $39. Salaries at Kranz Insurance typically range from $70,779 to $90,954 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Kranz Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at Kranz Insurance. Based on our data, the highest paying job is the Sales, with an annual salary of $46,021. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Kranz Insurance

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

Is Kranz Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Kranz Insurance'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
CSI Insurance Brokers $84,236
+4.7%
Supported by CSI Insurance Brokers's high-margin contracts allowing higher overhead.
Montana Claims Service $87,738
+9.1%
Adjusted for higher cost-of-living indices in Montana Claims Service's primary metro hubs.
Sidebar Insurance Solutions Inc $93,877
+16.7%
Data suggests Sidebar Insurance Solutions Inc's workforce skews heavily towards veteran, high-tenure roles.
Corbitt Public Adjusting LLC $80,618
+0.2%
Indicates identical technical requirements and experience levels between the two firms.
Insurance Industry $123,858
+54.0%
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.

How Kranz Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Kranz Insurance

Considering a career at Kranz Insurance? 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.
Compensation is competitive, and recognition programs boost morale. This insurance company provides a structured work environment with clear processes, which can be helpful for those who prefer routine. The culture is welcoming, and there’s a strong sense of teamwork. Great place to work if you’re looking for stability and growth. A fantastic workplace for driven professionals.
Commented in March 15, 2025
19
1
The benefits, including stock options and health plans, are outstanding. While the role can be routine at times, it’s a stable environment with growth potential. While no workplace is perfect, the positives far outweigh any minor challenges. Steady job with fair compensation. Working here has been a positive and growth-oriented experience. The work-life balance here is excellent, and the company t...
Commented in November 19, 2024
16
2
The company offers a structured work environment with clear expectations. It’s a good fit for those who prefer a low-drama workplace in the insurance sector. I’ve enjoyed my time here due to the collaborative culture. Highly recommend for professionals seeking stability in insurance.
Commented in September 02, 2024
32
0

Kranz Insurance Overview

Website
www.kranzinsurance.com
Founded In
2008
Employees
<25 employees
Industry
Insurance
Headquarter Address
113 1st Ave NW Watertown South Dakota SD 57201
Revenue
<$5 Million
Phone Number
+1 6058864200
Social Media
About Kranz Insurance
Kranz Insurance is an independent agency that has been proudly serving the Watertown, SD area since 1995. We are committed to providing affordable, high quality coverage with customer service as our top priority.

What Benefits Does Kranz Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Kranz Insurance 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 Watertown?

Understanding the cost of living near Watertown is key to truly evaluating a salary offer or your current compensation at Kranz Insurance.
Watertown's Cost of Living Index is approximately 84.3 (15.7% less expensive than US average; 9.5% less than SD average). Eastern SD city, affordable. Wtn Area Transit. When planning your budget based on a salary from Kranz Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,100+ A significant portion of Kranz Insurance salary. Location choices impact this heavily.
Utilities (Basic) $120 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation Limited local transit Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $280 - $550+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,900 - $3,060+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Kranz Insurance

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

The average annual total compensation for employees at Kranz Insurance is approximately $80,450. However, this is an aggregate figure, actual salaries can range significantly, typically from $70,779 to $90,954, depending on factors like job role, experience, and location.

2. How much does Kranz Insurance pay compared to CSI Insurance Brokers?

The average annual salary at Kranz Insurance is $80,450, or an hourly wage of $39, in comparison to CSI Insurance Brokers which pays $84,236 per year or $40 per hour.

3. How does having a professional certification impact salary for relevant roles at Kranz Insurance?

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 Kranz Insurance for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Kranz Insurance offer cost-of-living adjustments (COLA) for employees in high-cost areas like Watertown?

While some companies offer formal COLA, many, including potentially Kranz Insurance, 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.

5. What's the typical process for salary reviews and raises at Kranz Insurance?

Most companies, likely including Kranz Insurance, 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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