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Panka Insurance Agency Salary

Panka Insurance Agency Salary

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As of September 2026, the average annual salary for employees at Panka Insurance Agency in the United States is $80,597. This translates to an approximate hourly wage of $39. Salaries at Panka Insurance Agency typically range from $70,917 to $91,137 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Panka Insurance Agency Pay for Different Roles?

Explore detailed salary information for specific jobs at Panka Insurance Agency. Based on our data, the highest paying job is the Director, Marketing, with an annual salary of $138,611. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Panka Insurance Agency’s Pay Competitive? Salary Benchmarking Analysis

How does Panka Insurance Agency'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
Robbins Insurance Group $84,816
+5.2%
Driven by niche technical certifications required for Robbins Insurance Group's specialized projects.
Yeye's Auto Insurance $95,765
+18.8%
Adjusted for higher cost-of-living indices in Yeye's Auto Insurance's primary metro hubs.
Fortress Risk Consultants LLC $88,920
+10.3%
Data suggests Fortress Risk Consultants LLC's workforce skews heavily towards veteran, high-tenure roles.
Equine Insurance Specialists LLC $83,835
+4.0%
Supported by Equine Insurance Specialists LLC's high-margin contracts allowing higher overhead.
Insurance Industry $123,858
+53.7%
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 Panka Insurance Agency's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Panka Insurance Agency

Considering a career at Panka Insurance Agency? 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 highly recommend this company for its supportive culture and career development opportunities. I’ve enjoyed my time here due to the strong teamwork and supportive management. Leadership is transparent, and the team is collaborative. The organization runs smoothly with well-defined processes.
Commented in April 08, 2025
15
1
The company fosters a positive work environment where employees are encouraged to share ideas. Flexible schedules and good benefits make this a great place to work. While innovation isn’t always rapid, processes are well-defined. I’d recommend this company to anyone seeking a rewarding role in the insurance industry. Workloads are reasonable, and colleagues are professional. Career development pro...
Commented in March 10, 2025
39
1
Benefits are standard, and management is fair. The company has a strong sense of community, and leadership ensures transparency in decision-making. I’ve grown significantly since joining this company. Management communicates expectations clearly, reducing uncertainty. Work-life balance is respected, and benefits are solid.
Commented in October 07, 2024
31
1

Panka Insurance Agency Overview

Website
www.pankainsuranceagency.com
Founded In
1950
Employees
<25 employees
Industry
Insurance
Headquarter Address
119 W Saxon St Ivanhoe Minnesota MN 56142
Revenue
<$5 Million
Phone Number
+1 5076941750
Social Media
About Panka Insurance Agency
Mervin served as an insurance agent for 56, offering coverage to clients in Minnesota and South Dakota. In August of 2005, Mike Panka, Mervin's grandson, joined the agency, and in 2006, Mike went on to purchase the business. Today, Panka Insurance Agency continues to be a family-run business with office locations in Canby and Ivanhoe, Minnesota. Serving clients in Minnesota, South Dakota, Missouri

What Benefits Does Panka Insurance Agency Offer Beyond Salary?

A competitive compensation package is more than just a salary. Panka Insurance Agency 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Panka Insurance Agency.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Panka Insurance Agency, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Panka Insurance Agency salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Panka Insurance Agency

1. How much does Panka Insurance Agency in the United States pay?

Panka Insurance Agency pays its employees an average of $80,597 per year. The average salary at Panka Insurance Agency range from $70,917 to $91,137 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 Panka Insurance Agency employees get a higher salary than its peer company?

The salary at Panka Insurance Agency is lesser than its peer company. The average annual salary at Panka Insurance Agency is $80,597, or an hourly wage of $39, in comparison to Robbins Insurance Group which pays $84,816 per year or $41 per hour.

3. What are the highest paying jobs at Panka Insurance Agency?

The higher-paying job at Panka Insurance Agency, according to our data, include Director, Marketing (avg. $138,611 per year), Agent and Producer (avg. $75,451 per year), and Account Manager (avg. $59,660 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Panka Insurance Agency?

Salary progression with years of experience at Panka Insurance Agency 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 Panka Insurance Agency vary by office location?

Yes, it's very likely that salaries at Panka Insurance Agency 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 Minneapolis section provides more context.

6. Does Panka Insurance Agency offer good benefits?

Panka Insurance Agency 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 Panka Insurance Agency" section on this page.

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