NJM Insurance Group Salary

NJM Insurance Group Salary

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As of August 2026, the average annual salary for employees at NJM Insurance Group in the United States is $131,692. This translates to an approximate hourly wage of $63. Salaries at NJM Insurance Group typically range from $115,589 to $149,363 annually, reflecting the diverse roles and experience levels within the company.

How Much Does NJM Insurance Group Pay for Different Roles?

Explore detailed salary information for specific jobs at NJM Insurance Group. Based on our data, the highest paying job is the President & Chief Executive Officer, with an annual salary of $1,019,410. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at NJM Insurance Group

Ready for your next career move? Explore current job openings at NJM Insurance Group. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is NJM Insurance Group’s Pay Competitive? Salary Benchmarking Analysis

How does NJM Insurance Group'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
OneAmerica Financial Partners Inc $116,903
-11.2%
OneAmerica Financial Partners Inc focuses strategically on recruiting and training entry-level apprentices.
Zelis Healthcare Inc $131,734
+0.0%
Suggests Zelis Healthcare Inc utilizes a highly similar base-plus-benefits compensation model.
Crum & Forster Insurance Group $136,554
+3.7%
Reflects structural premiums typical of Crum & Forster Insurance Group's large-cap national operations.
AssuranceAmerica $123,148
-6.5%
AssuranceAmerica may offer non-monetary perks in lieu of competitive base salaries.
Insurance Industry $123,858
-5.9%
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 NJM Insurance Group's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at NJM Insurance Group

Considering a career at NJM Insurance Group? 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.
Benefits are standard for the industry, and the team is professional. The diversity and inclusion initiatives are commendable. The company maintains a strong operational structure, ensuring smooth workflows. A great place for long-term professional development. The company culture promotes both individual and team success.
Commented in May 30, 2025
39
2
It’s a great place to grow professionally. The insurance products are industry-leading, adding pride to the role. A good fit for those seeking consistency in the insurance field. The workload is manageable, and processes are well-structured. A fantastic place to grow your career. This company truly invests in its employees. The team is cooperative, and management maintains an open line of communic...
Commented in July 27, 2024
46
2
Innovative company with a focus on employee well-being. Technology tools are up-to-date, making daily tasks efficient. It is dynamic, it’s a reliable employer with reasonable expectations.
Commented in January 12, 2024
9
0

NJM Insurance Group Overview

Website
www.njm.com
Founded In
1913
Employees
1,000 - 3,000 employees
Industry
Insurance
Headquarter Address
301 Sullivan Way Trenton New Jersey NJ 08628
Revenue
$3B - $5B
Phone Number
+1 6098831300
Social Media
About NJM Insurance Group
New Jersey Manufacturers (NJM) Insurance Company offers personal auto, commercial auto, workers' compensation, homeowners, condo, renters, and umbrella insurance. The company was founded in 1913 and is headquartered in the West Trenton section of Ewing Township, Mercer County, New Jersey.

What Benefits Does NJM Insurance Group Offer Beyond Salary?

A competitive compensation package is more than just a salary. NJM Insurance Group 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 Trenton?

Understanding the cost of living near Trenton is key to truly evaluating a salary offer or your current compensation at NJM Insurance Group.
Trenton's Cost of Living Index is approximately 97.8 (2.2% less expensive than US average; 14.3% less than NJ average). State capital, more affordable housing for NJ. NJ Transit, River Line. When planning your budget based on a salary from NJM Insurance Group, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of NJM Insurance Group salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation NJ Transit bus/rail (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,430 - $3,800+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of NJM Insurance Group

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

The typical annual salary range for most roles at NJM Insurance Group is approximately from $115,589 to $149,363. 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 NJM Insurance Group pay compared to OneAmerica Financial Partners Inc?

The average annual salary at NJM Insurance Group is $131,692, or an hourly wage of $63, in comparison to OneAmerica Financial Partners Inc which pays $116,903 per year or $56 per hour.

3. Do salaries differ significantly between departments at NJM Insurance Group?

Yes, salaries often differ between departments at NJM Insurance Group due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at NJM Insurance Group?

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

5. How can I determine if a salary offer from NJM Insurance Group in Trenton is fair given the local cost of living?

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

6. What factors influence salary increases at NJM Insurance Group?

Salary increases at NJM Insurance Group are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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