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Madison Mutual Insurance Co Salary

Madison Mutual Insurance Co Salary

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As of August 2026, the average annual salary for employees at Madison Mutual Insurance Co in the United States is $93,360. This translates to an approximate hourly wage of $45. Salaries at Madison Mutual Insurance Co typically range from $82,114 to $105,611 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Madison Mutual Insurance Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Madison Mutual Insurance Co. Based on our data, the highest paying job is the President & Chief Executive Officer, with an annual salary of $722,691. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Madison Mutual Insurance Co’s Pay Competitive? Salary Benchmarking Analysis

How does Madison Mutual Insurance Co'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
Alma West $94,362
+1.1%
Confirms Alma West is a direct competitor vying for the exact same talent pool.
Lowell & Chrusciel Insurance $99,077
+6.1%
Reflects structural premiums typical of Lowell & Chrusciel Insurance's large-cap national operations.
Interstate Life Insurance Co $98,666
+5.7%
Driven by niche technical certifications required for Interstate Life Insurance Co's specialized projects.
Variable Life Insurance Co $101,018
+8.2%
Supported by Variable Life Insurance Co's high-margin contracts allowing higher overhead.
Insurance Industry $123,858
+32.7%
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.

How Madison Mutual Insurance Co's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Madison Mutual Insurance Co

Considering a career at Madison Mutual Insurance Co? 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 benefits, including health coverage and performance bonuses, are impressive. Office facilities are well-maintained, and remote work options exist. Training is adequate, though more specialized courses would be helpful. Work-life balance is respected, with flexible scheduling options for many roles. The company stays ahead of industry trends, providing cutting-edge tools.
Commented in May 19, 2025
10
3
Employee recognition programs are motivating, and benefits are solid. The company invests in employee development, offering certifications and workshops. The leadership team is forward-thinking, and career advancement is possible. The team is professional, and interactions are mostly task-oriented. Team dynamics are great, and leadership is approachable.
Commented in February 21, 2025
23
3
Leadership is transparent about company goals, making employees feel valued. Employees are recognized for their contributions, and career advancement is actively supported. Health benefits, retirement plans, and work flexibility are excellent. Rewarding work, strong ethics. Management recognizes hard work, and the company offers good incentives. It’s a great place to work for those passionate abou...
Commented in October 26, 2024
32
3
Management is approachable and values feedback. The company invests in technology to streamline operations. Career growth opportunities are abundant, with mentorship programs and skill-building initiatives. The team is collaborative, and the company culture is very welcoming.
Commented in June 10, 2024
38
0
Career advancement is possible, with clear pathways for motivated individuals. The work environment is structured, and expectations are clear. The workload is manageable, and teamwork is emphasized.
Commented in February 15, 2024
27
0

Madison Mutual Insurance Co Overview

Website
www.madisonmutual.com
Founded In
1920
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
222 E Park St Edwardsville Illinois IL 62025
Revenue
$10 Million - $50 Million
Phone Number
+1 6186563410
Social Media
About Madison Mutual Insurance Co
Madison Mutual Insurance Company is a provider of Auto, Home, Farm, and Personal Umbrella insurance and has been serving customers in Illinois, Missouri, Wisconsin, and Indiana since its founding in 1920.

What Benefits Does Madison Mutual Insurance Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Madison Mutual Insurance Co 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 Madison Mutual Insurance Co?
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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 Madison Mutual Insurance Co.
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 Madison Mutual Insurance Co, 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 Madison Mutual Insurance Co 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 Madison Mutual Insurance Co

1. How much does a Madison Mutual Insurance Co employee make?

Madison Mutual Insurance Co pays its employees an average of $93,360 per year. The average salary at Madison Mutual Insurance Co range from $82,114 to $105,611 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 Madison Mutual Insurance Co?

The salary at Madison Mutual Insurance Co is lesser than the similar company. The average annual salary at Madison Mutual Insurance Co is $93,360, or an hourly wage of $45, in comparison to Alma West which pays $94,362 per year or $45 per hour.

3. How much does a President & Chief Executive Officer typically earn at Madison Mutual Insurance Co?

A President & Chief Executive Officer at Madison Mutual Insurance Co typically earns an average annual base salary of around $722,691, with a general range of $553,041 to $911,181.

4. Do employees with advanced degrees (Master's, PhD) earn more at Madison Mutual Insurance Co?

In many roles at Madison Mutual Insurance Co, 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.

5. How does the cost of living near Kansas City affect the perceived value of a Madison Mutual Insurance Co 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 Madison Mutual Insurance Co based there. Our "Cost of Living Insights for Kansas City" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Madison Mutual Insurance Co typically offer employees?

Madison Mutual Insurance Co 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 Madison Mutual Insurance Co" section on this page.

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