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Richmont General Insurance Services Salary

Richmont General Insurance Services Salary

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As of August 2026, the average annual salary for employees at Richmont General Insurance Services in the United States is $102,685. This translates to an approximate hourly wage of $49. Salaries at Richmont General Insurance Services typically range from $90,343 to $116,098 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Richmont General Insurance Services Pay for Different Roles?

Explore detailed salary information for specific jobs at Richmont General Insurance Services. Based on our data, the highest paying job is the Chief Financial Officer, with an annual salary of $414,411. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Richmont General Insurance Services’s Pay Competitive? Salary Benchmarking Analysis

How does Richmont General Insurance Services'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
Texas Medical Plans LLC $88,656
-13.7%
Normalized for lower cost-of-living zones where Texas Medical Plans LLC primarily operates.
Universal Warranty Corp $94,004
-8.5%
Universal Warranty Corp may offer non-monetary perks in lieu of competitive base salaries.
Xperience Benefits Ga Ltd Co $93,255
-9.2%
Xperience Benefits Ga Ltd Co operates with a leaner overhead structure, impacting base wage offers.
Trinity Benefits LLC $99,299
-3.3%
Reflects market rates for standard general contracting, differing from specialized roles.
Insurance Industry $123,858
+20.6%
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 Richmont General Insurance Services's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Richmont General Insurance Services

Considering a career at Richmont General Insurance Services? 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 above average, and career growth is possible. Good for those seeking consistency in their career. The insurance industry is demanding, but the company provides great support. Training is adequate, and processes are well-structured. The workload is manageable, and processes are well-structured. Benefits like remote work and wellness programs add value. The company offers clear career p...
Commented in April 25, 2025
27
2
Management values feedback and implements positive changes. The company provides a dynamic and inclusive workplace. It is innovative, it offers stability and fair compensation. The insurance products are high-quality, making client interactions smooth.
Commented in February 03, 2025
20
3
Work-life balance is respected, making this a great long-term career option. The benefits package is above average, including health and retirement plans. The workload is manageable, and teamwork is highly encouraged. Training is adequate, though not exceptional.
Commented in October 13, 2024
9
2

Richmont General Insurance Services Overview

Website
www.richmontinsurance.com
Founded In
1996
Employees
<25 employees
Industry
Insurance
Headquarter Address
8135 Florence Ave Downey California CA 90240
Revenue
$5 Million - $10 Million
Phone Number
+1 3239232537
Social Media
About Richmont General Insurance Services
Richmont General Insurance Services is a Managing General Agent (MGA) and General Agent (GA) with a niche focus on the transportation and trucking industry in the State of California. As a MGA and GA we serve as a key intermediary between independent retail brokers and the top truck underwriters in California. Over the years we have established our position in the market, and we owe our success to

What Benefits Does Richmont General Insurance Services Offer Beyond Salary?

A competitive compensation package is more than just a salary. Richmont General Insurance Services 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 Downey?

Understanding the cost of living near Downey is key to truly evaluating a salary offer or your current compensation at Richmont General Insurance Services.
Downey's Cost of Living Index is approximately 148.8 (48.8% more expensive than US average; 6.4% more than CA average). LA County city, high housing costs, historic aerospace ties. When planning your budget based on a salary from Richmont General Insurance Services, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,950 - $2,800+ A significant portion of Richmont General Insurance Services salary. Location choices impact this heavily.
Utilities (Basic) $150 - $260 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (DowneyLINK/Metro access) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,370 - $5,170+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Richmont General Insurance Services

1. What is the typical salary range (low to high) for most roles at Richmont General Insurance Services?

The typical annual salary range for most roles at Richmont General Insurance Services is approximately from $90,343 to $116,098. 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 Richmont General Insurance Services pay compared to Texas Medical Plans LLC?

The average annual salary at Richmont General Insurance Services is $102,685, or an hourly wage of $49, in comparison to Texas Medical Plans LLC which pays $88,656 per year or $43 per hour.

3. Do salaries differ significantly between departments at Richmont General Insurance Services?

Yes, salaries often differ between departments at Richmont General Insurance Services 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 Richmont General Insurance Services?

Experience level is a significant factor in determining salary at Richmont General Insurance Services, 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 Richmont General Insurance Services in Downey is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Richmont General Insurance Services?

Several key factors influence salary levels at Richmont General Insurance Services. 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: Richmont General Insurance Services 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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