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LYC Insurance Salary

LYC Insurance Salary

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As of September 2026, the average annual salary for employees at LYC Insurance in the United States is $83,973. This translates to an approximate hourly wage of $40. Salaries at LYC Insurance typically range from $73,886 to $94,954 annually, reflecting the diverse roles and experience levels within the company.

How Much Does LYC Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at LYC Insurance. Based on our data, the highest paying job is the President, with an annual salary of $650,022. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is LYC Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does LYC 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
Choice Plans Inc $100,079
+19.2%
Influenced by prevailing union wage agreements specific to Choice Plans Inc's sector.
CEBA - Custom Employee Benefit Administrators $89,922
+7.1%
Reflects structural premiums typical of CEBA - Custom Employee Benefit Administrators's large-cap national operations.
Evertitle Agency LLC $88,255
+5.1%
Data suggests Evertitle Agency LLC's workforce skews heavily towards veteran, high-tenure roles.
Insurance Expert Network LLC $97,780
+16.4%
Driven by niche technical certifications required for Insurance Expert Network LLC's specialized projects.
Insurance Industry $123,858
+47.5%
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.

How LYC Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at LYC Insurance

Considering a career at LYC 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.
The hybrid work model is a big plus, allowing flexibility without sacrificing productivity. The insurance products are top-tier, making it easier to serve clients confidently. There are plenty of learning opportunities, and leadership is invested in employee success. The benefits, including health, dental, and vision coverage, are above average. I’m proud to be part of this organization.
Commented in May 10, 2025
49
0
A stable option for those in the insurance sector. This is a fantastic place for insurance professionals. My experience at this company has been very positive. Benefits meet expectations. It’s a dependable place for those who prefer consistency in their career. The hybrid work policy adds flexibility.
Commented in February 27, 2025
50
1
The office atmosphere is friendly, and remote work options are a plus. The office setup is functional, and communication from leadership is consistent. Managers recognize hard work, and the team dynamic is strong.
Commented in February 06, 2024
49
1

LYC Insurance Overview

Website
www.lycinsurance.com
Founded In
1991
Employees
<25 employees
Industry
Insurance
Headquarter Address
8224 Louisiana Blvd NE Albuquerque New Mexico NM 87113
Revenue
<$5 Million
Phone Number
+1 5058217123
Social Media
About LYC Insurance
In 1991 Lorraine Chavez founded the Lorraine Y. Chavez Insurance Agency, Inc. and dedicated the agency to superior customer service for her clients throughout New Mexico. Our skilled employees are from different backgrounds and offer a variety ofexpertise to our accounts. The staffrepresents a combined 40+ years experience in the insurance business and the agency is licensed to do business in all

What Benefits Does LYC Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. LYC 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)
Work at LYC Insurance?
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What Is the Cost of Living Near Albuquerque?

Understanding the cost of living near Albuquerque is key to truly evaluating a salary offer or your current compensation at LYC Insurance.
Albuquerque's Cost of Living Index is approximately 91.1 (8.9% less expensive than US average; 2.7% less than NM average). Largest NM city, unique culture, affordable housing. ABQ RIDE, Rail Runner. When planning your budget based on a salary from LYC Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of LYC Insurance salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (ABQ RIDE monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,220 - $3,530+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of LYC Insurance

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

The typical annual salary range for most roles at LYC Insurance is approximately from $73,886 to $94,954. 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 LYC Insurance pay compared to Choice Plans Inc?

The average annual salary at LYC Insurance is $83,973, or an hourly wage of $40, in comparison to Choice Plans Inc which pays $100,079 per year or $48 per hour.

3. How does experience level affect salary at LYC Insurance?

Experience level is a significant factor in determining salary at LYC Insurance, 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.

4. How can I determine if a salary offer from LYC Insurance in Albuquerque is fair given the local cost of living?

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

5. Why might an individual's actual salary at LYC Insurance differ from the ranges shown here?

An individual's actual salary at LYC Insurance can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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