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New Lothrop Insurance Service Inc Salary

New Lothrop Insurance Service Inc Salary

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As of September 2026, the average annual salary for employees at New Lothrop Insurance Service Inc in the United States is $83,582. This translates to an approximate hourly wage of $40. Salaries at New Lothrop Insurance Service Inc typically range from $73,547 to $94,515 annually, reflecting the diverse roles and experience levels within the company.

How Much Does New Lothrop Insurance Service Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at New Lothrop Insurance Service Inc. Based on our data, the highest paying job is the Customer Service Representative, with an annual salary of $29,447. The table below outlines the annual salary ranges for most popular roles within the company.
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Is New Lothrop Insurance Service Inc’s Pay Competitive? Salary Benchmarking Analysis

How does New Lothrop Insurance Service Inc'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
KA Sutton Insurance Agency Inc $84,162
+0.7%
Confirms KA Sutton Insurance Agency Inc is a direct competitor vying for the exact same talent pool.
Executive Title Agency $86,451
+3.4%
Data suggests Executive Title Agency's workforce skews heavily towards veteran, high-tenure roles.
Chesapeake Insurance Advisors $97,601
+16.8%
Adjusted for higher cost-of-living indices in Chesapeake Insurance Advisors's primary metro hubs.
McGlothin Insurance & Financial Services $89,141
+6.6%
Reflects structural premiums typical of McGlothin Insurance & Financial Services's large-cap national operations.
Insurance Industry $123,858
+48.2%
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 New Lothrop Insurance Service Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at New Lothrop Insurance Service Inc

Considering a career at New Lothrop Insurance Service Inc? 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.
A fantastic workplace for insurance professionals. Still, a decent place to work in insurance. There are occasional training sessions, though more specialized programs could be beneficial. I appreciate the company’s commitment to innovation in insurance solutions.
Commented in February 15, 2025
11
2
A fantastic workplace for driven professionals. Company events and team lunches add a nice social element. It’s a fantastic place for insurance professionals looking for growth and stability. Colleagues are professional, though communication between departments could improve. Leadership communicates goals clearly, though more feedback sessions would help. Managers are approachable and supportive, ...
Commented in November 29, 2024
28
3
I’m satisfied with my role and the growth opportunities available. The workload is reasonable, and colleagues are professional. This company provides a great work environment in the insurance sector. Work-life balance is prioritized, making it a great long-term career choice. A good fit for those who prefer stability.
Commented in March 29, 2024
29
1

New Lothrop Insurance Service Inc Overview

Website
www.newlothropinsuranceservice.com
Founded In
1980
Employees
<25 employees
Industry
Insurance
Headquarter Address
7499 Cherry St New Lothrop Michigan MI 48460
Revenue
<$5 Million
Phone Number
+1 8106385061
Social Media
About New Lothrop Insurance Service Inc
New Lothrop Insurance Service, Inc. is committed to providing clients with the highest quality of customer service. We strive to keep our clients best interests in mind when providing high quality policies at economical rates. Whether you're shopping for auto insurance, home insurance, farm insurance, business insurance, life or health insurance, we can help you feel comfortable and confident with

What Benefits Does New Lothrop Insurance Service Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. New Lothrop Insurance Service Inc 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 Flint?

Understanding the cost of living near Flint is key to truly evaluating a salary offer or your current compensation at New Lothrop Insurance Service Inc.
Flint's Cost of Living Index is approximately 74.8 (25.2% less expensive than US average; 18.1% less than MI average). Facing economic challenges, extremely affordable housing. MTA bus. When planning your budget based on a salary from New Lothrop Insurance Service Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $600 - $900+ A significant portion of New Lothrop Insurance Service Inc salary. Location choices impact this heavily.
Utilities (Basic) $160 - $260 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (MTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $350 - $520 Can be higher with more dining out or specialty stores.
Personal & Leisure $250 - $500+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $330 - $620+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,730 - $2,800+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of New Lothrop Insurance Service Inc

1. What is the typical salary range (low to high) for most roles at New Lothrop Insurance Service Inc?

The typical annual salary range for most roles at New Lothrop Insurance Service Inc is approximately from $73,547 to $94,515. 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 New Lothrop Insurance Service Inc pay compared to KA Sutton Insurance Agency Inc?

The average annual salary at New Lothrop Insurance Service Inc is $83,582, or an hourly wage of $40, in comparison to KA Sutton Insurance Agency Inc which pays $84,162 per year or $40 per hour.

3. How does experience level affect salary at New Lothrop Insurance Service Inc?

Experience level is a significant factor in determining salary at New Lothrop Insurance Service Inc, 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 New Lothrop Insurance Service Inc in Flint is fair given the local cost of living?

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

5. What are the key factors that influence salary levels at New Lothrop Insurance Service Inc?

Several key factors influence salary levels at New Lothrop Insurance Service Inc. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: New Lothrop Insurance Service Inc likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.

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