MIC Insurance Services Salary

As of September 2026, the average annual salary for employees at MIC Insurance Services in the United States is $104,552. This translates to an approximate hourly wage of $50. Salaries at MIC Insurance Services typically range from $91,993 to $118,220 annually, reflecting the diverse roles and experience levels within the company.

How Much Does MIC Insurance Services Pay for Different Roles?

Explore detailed salary information for specific jobs at MIC Insurance Services. Based on our data, the highest paying job is the President, with an annual salary of $809,322. The table below outlines the annual salary ranges for most popular roles within the company.
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Is MIC Insurance Services’s Pay Competitive? Salary Benchmarking Analysis

How does MIC Insurance Services'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
The Michaels Agency Inc $96,440
-7.8%
The Michaels Agency Inc operates with a leaner overhead structure, impacting base wage offers.
Millennium Brokers $84,068
-19.6%
Millennium Brokers likely leverages performance bonuses over the high base salary shown here.
VanScoter Insurance Agency LLC $88,160
-15.7%
VanScoter Insurance Agency LLC may offer non-monetary perks in lieu of competitive base salaries.
Linda Meyer Insurance Brokerage LLC $92,632
-11.4%
Normalized for lower cost-of-living zones where Linda Meyer Insurance Brokerage LLC primarily operates.
Insurance Industry $123,858
+18.5%
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.

Employee Reviews: Working at MIC Insurance Services

Considering a career at MIC Insurance Services? 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.
Team dynamics vary by department, most colleagues are professional and easy to work with. While not the most exciting workplace, it’s a dependable option for insurance professionals. Benefits are standard for the industry, and the pay is fair. It’s a great environment for those who value both professional growth and personal well-being.
The company culture is inclusive, and leadership is transparent about goals. I’ve had a fantastic experience here. This company provides stability and growth opportunities in the insurance sector. I’ve grown professionally and personally since joining. While there’s room for more innovation, the stability is a plus. The leadership team is transparent about company goals, which helps employees alig...
Impressive benefits package and strong emphasis on diversity. The insurance industry is fast-paced, but the company provides the right tools for success. The company could improve by offering more skill-development programs, but the existing training is sufficient for core responsibilities. The office is well-maintained, and flexible scheduling is a big advantage. The organization operates efficie...

MIC Insurance Services Overview

Website
www.micinsurance.com
Founded In
1980
Employees
<25 employees
Industry
Insurance
Headquarter Address
170 Kinnelon Rd Kinnelon New Jersey NJ 07405
Revenue
<$5 Million
Phone Number
+1 9734922828
Social Media
About MIC Insurance Services
MIC Insurance Services is a Kinnelon NJ-based company providing Medicare Supplement Insurance, Health, Life and other Insurance products to New Jersey clients.

What Benefits Does MIC Insurance Services Offer Beyond Salary?

A competitive compensation package is more than just a salary. MIC Insurance Services 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 Paterson?

Understanding the cost of living near Paterson is key to truly evaluating a salary offer or your current compensation at MIC Insurance Services.
Paterson's Cost of Living Index is approximately 108.3 (8.3% more expensive than US average; 5.1% less than NJ average). Passaic County seat, historic, more affordable housing than closer NYC suburbs. NJ Transit. When planning your budget based on a salary from MIC Insurance Services, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,000+ A significant portion of MIC Insurance Services salary. Location choices impact this heavily.
Utilities (Basic) $140 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation NJ Transit bus/rail (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,720 - $4,260+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of MIC Insurance Services

1. How much does MIC Insurance Services in the United States pay?

MIC Insurance Services pays its employees an average of $104,552 per year. The average salary at MIC Insurance Services range from $91,993 to $118,220 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 MIC Insurance Services employees get a higher salary than its peer company?

The salary at MIC Insurance Services is higher than its peer company. The average annual salary at MIC Insurance Services is $104,552, or an hourly wage of $50, in comparison to The Michaels Agency Inc which pays $96,440 per year or $46 per hour.

3. What are the highest paying jobs at MIC Insurance Services?

The higher-paying job at MIC Insurance Services, according to our data, include President (avg. $809,322 per year), Manager, Human Resources (avg. $114,425 per year), and Licensed Insurance Agent (avg. $88,475 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at MIC Insurance Services?

Salary progression with years of experience at MIC Insurance Services 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.

5. Do salaries at MIC Insurance Services vary by office location?

Yes, it's very likely that salaries at MIC Insurance Services 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 Paterson section provides more context.

6. Does MIC Insurance Services offer good benefits?

MIC Insurance Services 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 MIC Insurance Services" section on this page.