RAM Mutual Insurance Co Salary

RAM Mutual Insurance Co Salary

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As of August 2026, the average annual salary for employees at RAM Mutual Insurance Co in the United States is $93,160. This translates to an approximate hourly wage of $45. Salaries at RAM Mutual Insurance Co typically range from $81,922 to $105,428 annually, reflecting the diverse roles and experience levels within the company.
How accurate does the salary look to you?

Current Job Openings at RAM Mutual Insurance Co

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

Is RAM Mutual Insurance Co’s Pay Competitive? Salary Benchmarking Analysis

How does RAM Mutual Insurance Co'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
Auto Club Insurance Company of Florida $92,095
-1.1%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
American Physicians Assurance Corp $95,744
+2.8%
Suggests American Physicians Assurance Corp utilizes a highly similar base-plus-benefits compensation model.
Insureon Solutions $103,286
+10.9%
Adjusted for higher cost-of-living indices in Insureon Solutions's primary metro hubs.
Wcsit-isda $102,875
+10.4%
Supported by Wcsit-isda's high-margin contracts allowing higher overhead.
Insurance Industry $123,858
+33.0%
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 RAM Mutual Insurance Co's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at RAM Mutual Insurance Co

Considering a career at RAM Mutual Insurance Co? 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.
Managers are approachable and encourage feedback. The office space is modern and comfortable. Management listens to feedback. Training is adequate, though not exceptional. Workloads are predictable, which helps with planning.
Commented in May 22, 2025
22
2
The insurance industry can be demanding, but the company provides excellent resources to manage workloads effectively. The hybrid work policy is well-structured, allowing for productivity and flexibility. Managers are supportive of skill-building, and promotions are merit-based. The insurance products we handle are diverse, keeping the work interesting. Workload distribution is fair, and teamwork ...
Commented in January 04, 2025
15
0
Highly recommend for professionals seeking stability in insurance. The office environment is professional, though some departments have more interaction than others. It’s a reliable employer for those seeking a steady role in the insurance field.
Commented in September 30, 2024
23
1
Team collaboration is encouraged, and there’s a real sense of camaraderie. Overall, it’s a great place to grow professionally while feeling supported. The team is collaborative, and management is open to new ideas. Managers recognize hard work, and promotions are merit-based. The insurance knowledge gained here is valuable for long-term career growth.
Commented in March 11, 2024
29
3

RAM Mutual Insurance Co Overview

Website
www.rammutual.com
Founded In
1931
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
125 E Hwy 61 Esko Minnesota MN 55733
Revenue
$10 Million - $50 Million
Phone Number
+1 2188793321
Social Media
About RAM Mutual Insurance Co
RAM Mutual Insurance Company was founded in 1931 by a group of Minnesota township mutual insurance companies for the purpose of providing reinsurance to these companies. As the needs of the township mutuals and their agency force grew and changed, RAM responded by expanding its products and services. As the reinsurer of the majority of Minnesota township mutuals, RAM provides loss prevention and i

What Benefits Does RAM Mutual Insurance Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. RAM Mutual Insurance Co 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)
Work at RAM Mutual Insurance Co?
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What Is the Cost of Living Near Duluth?

Understanding the cost of living near Duluth is key to truly evaluating a salary offer or your current compensation at RAM Mutual Insurance Co.
Duluth's Cost of Living Index is approximately 93.6 (6.4% less expensive than US average; 3.6% less than MN average). Lake Superior port city, scenic, affordable housing, cold winters. DTA bus. When planning your budget based on a salary from RAM Mutual Insurance Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of RAM Mutual Insurance Co salary. Location choices impact this heavily.
Utilities (Basic) $140 - $250 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (DTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,560+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of RAM Mutual Insurance Co

1. What is the estimated average total compensation at RAM Mutual Insurance Co?

Salary.com estimates that the average total compensation package at RAM Mutual Insurance Co, which can include base salary, potential bonuses, and benefits, is around $93,160 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does RAM Mutual Insurance Co pay compared to Auto Club Insurance Company of Florida?

The average annual salary at RAM Mutual Insurance Co is $93,160, or an hourly wage of $45, in comparison to Auto Club Insurance Company of Florida which pays $92,095 per year or $44 per hour.

3. Do salaries differ significantly between departments at RAM Mutual Insurance Co?

Yes, salaries often differ between departments at RAM Mutual Insurance Co 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at RAM Mutual Insurance Co?

Salary progression from an entry-level to a senior role at RAM Mutual Insurance Co 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.

5. How can I determine if a salary offer from RAM Mutual Insurance Co in Duluth is fair given the local cost of living?

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

6. Are promotions at RAM Mutual Insurance Co usually accompanied by a significant salary increase?

Yes, promotions at RAM Mutual Insurance Co 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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