Insurance Broker Salary at Mike Preis Inc BETA

How much does a Mike Preis Inc Insurance Broker make?

As of March 2025, the average annual salary for an Insurance Broker at Mike Preis Inc is $70,337, which translates to approximately $34 per hour. Salaries for Insurance Broker at Mike Preis Inc typically range from $61,574 to $84,060, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Mike Preis Inc Overview

Website:
mikepreis.com
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
Insurance

The Mike Preis Agency can trace its roots back to 1925. Operating as a full service agency they represent national, regional, and local insurance companies that provide insurance policies to individuals and families as well as businesses and commercial establishments. Currently the agency employs 15 local people who are professional, friendly, and eager to assist their clients. Mike Pries, Inc. is a fully automated agency that has a customer focused attitude throughout. Part of that focus includes a dedicated commercial lines department staffed with people who only work with business and commercial insurance clients. The personal lines account managers sell and service insurance for individuals and families. The personal lines account managers handle coverages such as auto, homeowners, mobile homeowners, renters, fire, umbrella, motorcycle, snowmobile, boat, ATV, and landlord's policies. Both commercial and personal lines account managers are required to attend continuing education courses and conferences to stay abreast of the most recent changes in both products and coverages. At the Mike Preis Agency you'll also find a dedicated employee benefits and financial services department. This department concentrates on the sale of life and health insurance to individuals as well as to employer groups. In addition this department provides information on annuities, and disability income coverage along with an array of voluntary group benefits like accident coverage, cancer policies, life insurance and disability insurance.

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What Skills Does a person Need at Mike Preis Inc?

At Mike Preis Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Insurance Sales: Insurance sales involves selling various types of insurance to customers, including home, life, health and auto insurance. Primary goal is to get information about clients' needs and match them with insurance policies they offer.
  2. Life insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
  3. Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
  4. Health insurance: Health insurance is a type of insurance coverage that pays for health and medical expenses. Health insurance covers some or all of the costs of routine care, emergency care, and treatment for chronic illnesses.
  5. Networking: Ability to maintain, build and expand a personal and business contact list to grow one's career and business opportunities.

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Check more jobs information at Mike Preis Inc

Job Title Average Mike Preis Inc Salary Hourly Rate
2 Account Manager $61,526 $30
3 Agency Assistant $33,374 $16
4 Commercial Lines Account Manager $61,526 $30
5 Manager, Operations $88,539 $43
6 Personal Lines Account Manager $48,535 $23
7 Senior Account Manager $69,460 $33

Hourly Pay at Mike Preis Inc

The average hourly pay at Mike Preis Inc for an Insurance Broker is $34 per hour. The location, department, and job description all have an impact on the typical compensation for Mike Preis Inc positions. The pay range and total remuneration for the job title are shown in the table below. Mike Preis Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $70,337 look to you?

FAQ about Salary and Jobs at Mike Preis Inc

1. How much does Mike Preis Inc pay per hour?
The average hourly pay is $34. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Mike Preis Inc?
According to the data, the highest approximate salary is about $84,060 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Mike Preis Inc?
According to the data, the lowest estimated salary is about $61,574 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.