Spence Insurance Inc Salary

As of October 2026, the average annual salary for employees at Spence Insurance Inc in the United States is $87,622. This translates to an approximate hourly wage of $42. Salaries at Spence Insurance Inc typically range from $77,074 to $99,124 annually, reflecting the diverse roles and experience levels within the company.
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Is Spence Insurance Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Spence Insurance Inc'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
Benefits Administration $96,366
+10.0%
Adjusted for higher cost-of-living indices in Benefits Administration's primary metro hubs.
John Yurconic Agency $95,343
+8.8%
Supported by John Yurconic Agency's high-margin contracts allowing higher overhead.
Biltmore Insurance Services $94,753
+8.1%
Influenced by prevailing union wage agreements specific to Biltmore Insurance Services's sector.
Comprehensive Auto Resource Company Inc $97,115
+10.8%
Reflects structural premiums typical of Comprehensive Auto Resource Company Inc's large-cap national operations.
Insurance Industry $123,858
+41.4%
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.

Employee Reviews: Working at Spence Insurance Inc

Considering a career at Spence Insurance Inc? 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.
The insurance industry is fast-paced, but the team is supportive. Colleagues are supportive, making teamwork seamless. Work-life balance is respected, making this a great long-term career option. The office environment is welcoming, and there’s a strong sense of camaraderie. The hybrid policy allows for flexibility, and management trusts employees to manage their time effectively.
The company also supports community initiatives, which adds purpose to our work. Processes are efficient, though some could be modernized. The insurance sector can be routine, but the workload is manageable. The insurance industry can be complex, but the training provided helps immensely.
The company offers a positive work environment with strong team dynamics. Colleagues are professional, and management is accessible. Overall, it’s a stable workplace with reasonable expectations. I’d highly recommend this employer to others in the industry. The office is modern and comfortable, enhancing productivity. The office culture is inclusive, and there’s a strong focus on employee well-bei...
It’s a decent place to build experience in insurance. Leadership is transparent, and the team is collaborative. The work environment is dynamic yet supportive.

Spence Insurance Inc Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
4100 S Saginaw St Flint Michigan MI
Revenue
$10 Million - $50 Million
Phone Number
+1 8107872900
Social Media
About Spence Insurance Inc
Spence Insurance Inc is a company that operates in the Insurance industry. It employs 21-50 people and has $10M-$25M of revenue. The company is headquartered in Flint, Michigan.

What Benefits Does Spence Insurance Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Spence Insurance Inc 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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FAQs of Spence Insurance Inc

1. What is the average salary for employees at Spence Insurance Inc?

The average annual total compensation for employees at Spence Insurance Inc is approximately $87,622. However, this is an aggregate figure, actual salaries can range significantly, typically from $77,074 to $99,124, depending on factors like job role, experience, and location.

2. How much does Spence Insurance Inc pay compared to Benefits Administration?

The average annual salary at Spence Insurance Inc is $87,622, or an hourly wage of $42, in comparison to Benefits Administration which pays $96,366 per year or $46 per hour.

3. How does having a professional certification impact salary for relevant roles at Spence Insurance Inc?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Spence Insurance Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. What's the typical process for salary reviews and raises at Spence Insurance Inc?

Most companies, likely including Spence Insurance Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.