Lake Insurance Salary
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Current Job Openings at Lake Insurance
Is Lake Insurance’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Lindsey Health | $95,744 |
+10.1%
|
Data suggests Lindsey Health's workforce skews heavily towards veteran, high-tenure roles. |
| Dickson Insurance Agency Inc | $88,076 |
+1.2%
|
Indicates identical technical requirements and experience levels between the two firms. |
| SmartCasualtyClaims | $89,436 |
+2.8%
|
Aligns perfectly with prevailing regional benchmarks for this specific job family. |
| HBW Leads LLC | $96,039 |
+10.4%
|
Reflects structural premiums typical of HBW Leads LLC's large-cap national operations. |
| Insurance Industry | $123,858 |
+42.4%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Lake Insurance's Salaries Compare to Similar Companies?
Lindsey Health
$95,744 / year
Salary Range: $84,195 - $108,355
Dallas, TX
Dickson Insurance Agency Inc
$88,076 / year
Salary Range: $77,450 - $99,673
Dickson, TN
SmartCasualtyClaims
$89,436 / year
Salary Range: $78,651 - $101,222
Charleston, WV
HBW Leads LLC
$96,039 / year
Salary Range: $84,451 - $108,684
Salem, OR
Gateway Underwriters Agency
$96,134 / year
Salary Range: $84,534 - $108,782
St. Louis, MO
TFA Edge
$91,325 / year
Salary Range: $80,309 - $103,356
Norfolk, VA
Risk Theory Dealer Advisors
$97,020 / year
Salary Range: $85,322 - $109,806
Addison, TX
CSR Insurance Company Ltd
$116,271 / year
Salary Range: $102,247 - $131,584
New York, NY
State agency
$90,375 / year
Salary Range: $79,475 - $102,270
Augusta, ME
Employee Reviews: Working at Lake Insurance
Lake Insurance Overview
What Benefits Does Lake Insurance Offer Beyond Salary?
Get an estimated calculation of how much you should be earning and insight into your career options.
What Is the Cost of Living Near Myrtle Beach?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,100 - $1,700+ | A significant portion of Lake Insurance salary. Location choices impact this heavily. |
| Utilities (Basic) | $160 - $270 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $50 (Coast RTA monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $400 - $590 | 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) | $2,490 - $4,010+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Lake Insurance
1. How much does Lake Insurance in the United States pay?
Lake Insurance pays its employees an average of $86,989 per year. The average salary at Lake Insurance range from $76,497 to $98,441 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. Do Lake Insurance employees get a higher salary than its peer company?
The salary at Lake Insurance is lesser than its peer company. The average annual salary at Lake Insurance is $86,989, or an hourly wage of $42, in comparison to Lindsey Health which pays $95,744 per year or $46 per hour.
3. How much does salary increase with years of experience at Lake Insurance?
Salary progression with years of experience at Lake Insurance is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.
4. Do salaries at Lake Insurance vary by office location?
Yes, it's very likely that salaries at Lake Insurance vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Myrtle Beach section provides more context.
5. Does Lake Insurance offer good benefits?
Lake Insurance typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Lake Insurance" section on this page.
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