Spinnaker Insurance Co Salary
How Much Does Spinnaker Insurance Co Pay for Different Roles?
President & Chief Executive Officer
$808,996 / year
Salary Range: $619,324 - $1,019,542
Executive
Chief Underwriting Officer
$294,919 / year
Salary Range: $247,073 - $340,773
Underwriting
Vice President, Underwriting
$294,919 / year
Salary Range: $247,073 - $340,773
Underwriting
Controller
$242,146 / year
Salary Range: $206,246 - $277,846
Finance
Senior Manager, Information Technology
$195,419 / year
Salary Range: $178,227 - $212,825
Information Technology
Director, Operations
$183,377 / year
Salary Range: $175,604 - $189,935
Operations
Program Manager
$143,696 / year
Salary Range: $125,258 - $161,333
Program Management
Program Manager, Claims
$121,219 / year
Salary Range: $108,524 - $133,184
Claims
Manager, Accounting
$118,241 / year
Salary Range: $106,505 - $129,975
Management
Compliance Consultant
$91,946 / year
Salary Range: $82,362 - $100,850
Compliance
Office Manager
$81,065 / year
Salary Range: $71,471 - $91,099
Management
Administrative Assistant
$51,046 / year
Salary Range: $46,305 - $56,054
Administrative Assistant II
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Current Job Openings at Spinnaker Insurance Co
Is Spinnaker Insurance Co’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Smalls Insurance Agency Inc | $96,282 |
-7.9%
|
Reflects market rates for standard general contracting, differing from specialized roles. |
| Broome Co-operative Insurance Co | $85,861 |
-17.8%
|
Broome Co-operative Insurance Co operates with a leaner overhead structure, impacting base wage offers. |
| League of Wisconsin Municipalities Mutual Insurance | $87,369 |
-16.4%
|
Normalized for lower cost-of-living zones where League of Wisconsin Municipalities Mutual Insurance primarily operates. |
| United Business Insurance Co | $89,331 |
-14.5%
|
United Business Insurance Co focuses strategically on recruiting and training entry-level apprentices. |
| Insurance Industry | $123,858 |
+18.5%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Spinnaker Insurance Co's Salaries Compare to Similar Companies?
Smalls Insurance Agency Inc
$96,282 / year
Salary Range: $84,717 - $108,867
Dover, DE
Broome Co-operative Insurance Co
$85,861 / year
Salary Range: $75,553 - $97,088
Vestal, NY
League of Wisconsin Municipalities Mutual Insurance
$87,369 / year
Salary Range: $76,873 - $98,795
Madison, WI
United Business Insurance Co
$89,331 / year
Salary Range: $78,605 - $101,014
Marietta, GA
Red Mountain Technologies
$85,618 / year
Salary Range: $75,333 - $96,807
Birmingham, AL
Bremen Farmers Mutual Insurance Co
$83,171 / year
Salary Range: $73,180 - $94,039
Bremen, KS
Main Street America Group Inc
$93,371 / year
Salary Range: $82,151 - $105,563
Keene, NH
Echelon Property & Casualty Insurance Co
$97,126 / year
Salary Range: $85,459 - $109,830
Chicago, IL
Grayson-Carroll-Wythe Mutual Insurance Co
$85,629 / year
Salary Range: $75,343 - $96,820
Galax, VA
Employee Reviews: Working at Spinnaker Insurance Co
Spinnaker Insurance Co Overview
What Benefits Does Spinnaker Insurance Co Offer Beyond Salary?
Get an estimated calculation of how much you should be earning and insight into your career options.
What Is the Cost of Living Near Somerset?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,700 - $2,400+ | A significant portion of Spinnaker Insurance Co salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $250 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | NJ Transit bus/rail (varies) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $450 - $670 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $400 - $730+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $400 - $750+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $3,140 - $4,800+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Spinnaker Insurance Co
1. How much does Spinnaker Insurance Co in the United States pay?
Spinnaker Insurance Co pays its employees an average of $104,510 per year. The average salary at Spinnaker Insurance Co range from $91,956 to $118,171 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 Spinnaker Insurance Co employees get a higher salary than its peer company?
The salary at Spinnaker Insurance Co is higher than its peer company. The average annual salary at Spinnaker Insurance Co is $104,510, or an hourly wage of $50, in comparison to Smalls Insurance Agency Inc which pays $96,282 per year or $46 per hour.
3. What are the highest paying jobs at Spinnaker Insurance Co?
The higher-paying job at Spinnaker Insurance Co, according to our data, include President & Chief Executive Officer (avg. $808,996 per year), Chief Underwriting Officer (avg. $294,919 per year), and Vice President, Underwriting (avg. $294,919 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.
4. How much does salary increase with years of experience at Spinnaker Insurance Co?
Salary progression with years of experience at Spinnaker Insurance Co 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 Spinnaker Insurance Co vary by office location?
Yes, it's very likely that salaries at Spinnaker Insurance Co 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 Somerset section provides more context.
6. Does Spinnaker Insurance Co offer good benefits?
Spinnaker Insurance Co 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 Spinnaker Insurance Co" section on this page.
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