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Optimum Insurance Group Salary

Optimum Insurance Group Salary

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As of September 2026, the average annual salary for employees at Optimum Insurance Group in the United States is $95,723. This translates to an approximate hourly wage of $46. Salaries at Optimum Insurance Group typically range from $84,204 to $108,257 annually, reflecting the diverse roles and experience levels within the company.
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Is Optimum Insurance Group’s Pay Competitive? Salary Benchmarking Analysis

How does Optimum 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
MDA Insurance & Financial Group $91,620
-4.3%
Reflects market rates for standard general contracting, differing from specialized roles.
Shaffer Insurance Services Inc $107,009
+11.8%
Data suggests Shaffer Insurance Services Inc's workforce skews heavily towards veteran, high-tenure roles.
Knowlton Benefit Consultants Inc $85,091
-11.1%
Knowlton Benefit Consultants Inc operates with a leaner overhead structure, impacting base wage offers.
Ray Financial & Insurance Services Inc $102,906
+7.5%
Adjusted for higher cost-of-living indices in Ray Financial & Insurance Services Inc's primary metro hubs.
Insurance Industry $123,858
+29.4%
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 Optimum 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 Optimum Insurance Group. Click a company name to learn more.

Employee Reviews: Working at Optimum Insurance Group

Considering a career at Optimum 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.
I’ve had a very positive experience here. The large employee base means resources are available, though individual experiences may differ by team. The team is professional, and interactions are mostly task-oriented. I appreciate the flexible work options and supportive management. From day one, I’ve had access to mentorship programs and skill-building workshops.
Commented in May 02, 2025
44
3
The pay is competitive, and bonuses reflect performance fairly. Work-life balance is respected, and the office vibe is positive. Colleagues are professional, and teamwork is encouraged. The company values innovation, allowing employees to suggest process improvements. The office is modern, and remote work options are available occasionally. Training programs are thorough, ensuring everyone is well...
Commented in June 26, 2024
47
3
The training programs are excellent, helping employees stay updated in the insurance field. The company offers standard benefits, and the office environment is functional. The benefits are excellent, including strong retirement plans and health coverage.
Commented in February 05, 2024
28
2

Optimum Insurance Group Overview

Website
Data pending, update soon.
Founded In
2006
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
31393 W 13 Mile Rd Farmington Michigan MI 48334
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About Optimum Insurance Group
Optimum Insurance Group is a company that operates in the Insurance industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Farmington, Michigan.

What Benefits Does Optimum Insurance Group Offer Beyond Salary?

A competitive compensation package is more than just a salary. Optimum 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 Farmington?

Understanding the cost of living near Farmington is key to truly evaluating a salary offer or your current compensation at Optimum Insurance Group.
Farmington/Farmington Hills (Oakland Co.) Cost of Living Index is approx. 102-105. Affluent Detroit suburbs, good schools, housing near/above US avg. SMART bus. When planning your budget based on a salary from Optimum Insurance Group, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,200 - $1,700+ A significant portion of Optimum Insurance Group salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $680+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,580 - $3,910+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Optimum Insurance Group

1. What is the estimated average total compensation at Optimum Insurance Group?

Salary.com estimates that the average total compensation package at Optimum Insurance Group, which can include base salary, potential bonuses, and benefits, is around $95,723 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Optimum Insurance Group pay compared to MDA Insurance & Financial Group?

The average annual salary at Optimum Insurance Group is $95,723, or an hourly wage of $46, in comparison to MDA Insurance & Financial Group which pays $91,620 per year or $44 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Optimum Insurance Group?

Salary progression from an entry-level to a senior role at Optimum Insurance Group can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Optimum Insurance Group in Farmington is fair given the local cost of living?

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

5. Are promotions at Optimum Insurance Group usually accompanied by a significant salary increase?

Yes, promotions at Optimum Insurance Group are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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