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State Bank Insurance Salary

State Bank Insurance Salary

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As of August 2026, the average annual salary for employees at State Bank Insurance in the United States is $92,759. This translates to an approximate hourly wage of $45. Salaries at State Bank Insurance typically range from $81,574 to $104,977 annually, reflecting the diverse roles and experience levels within the company.
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Is State Bank Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does State Bank Insurance'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
SH Smith & Company Inc $103,919
+12.0%
Adjusted for higher cost-of-living indices in SH Smith & Company Inc's primary metro hubs.
VA Claims Insider LLC $94,584
+2.0%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Getchell Agency Inc $88,223
-4.9%
Getchell Agency Inc may offer non-monetary perks in lieu of competitive base salaries.
Al Bourdeau Insurance Agency $90,734
-2.2%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Insurance Industry $123,858
+33.5%
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 State Bank Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at State Bank Insurance

Considering a career at State Bank Insurance? 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.
A reliable workplace for those who prefer structured roles in insurance. The insurance industry can be complex, but the training provided helps immensely. The benefits package is robust, including retirement plans and health incentives. The workload is manageable, and the team is professional. This company offers a stable work environment in the insurance sector.
Commented in February 13, 2025
37
1
I’d recommend this employer to anyone looking for growth in insurance. Compensation is competitive, and benefits are comprehensive. I’ve been impressed by the company’s commitment to innovation in insurance solutions. Stable job with routine tasks. This company excels in employee engagement and professional development. There are occasional training sessions, though more specialized programs could...
Commented in December 13, 2024
12
0
For anyone looking for stability and growth in insurance, this is a solid choice. Rewarding work, good bonuses. Work expectations are clear, and processes are streamlined for productivity. The training programs are well-structured, making onboarding smooth.
Commented in January 14, 2024
10
0

State Bank Insurance Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
814 4th Ave Grinnell Iowa IA 50112
Revenue
$10 Million - $50 Million
Phone Number
+1 6412363176
Social Media

What Benefits Does State Bank Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. State Bank Insurance 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 Des Moines?

Understanding the cost of living near Des Moines is key to truly evaluating a salary offer or your current compensation at State Bank Insurance.
Des Moines' Cost of Living Index is approximately 80.8 (19.2% less expensive than US average; 10.1% less than IA average). State capital, affordable housing, growing. DART bus. When planning your budget based on a salary from State Bank Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of State Bank Insurance salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $48 (DART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,078 - $3,328+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of State Bank Insurance

1. What is the typical salary range (low to high) for most roles at State Bank Insurance?

The typical annual salary range for most roles at State Bank Insurance is approximately from $81,574 to $104,977. 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 State Bank Insurance pay compared to SH Smith & Company Inc?

The average annual salary at State Bank Insurance is $92,759, or an hourly wage of $45, in comparison to SH Smith & Company Inc which pays $103,919 per year or $50 per hour.

3. How does experience level affect salary at State Bank Insurance?

Experience level is a significant factor in determining salary at State Bank Insurance, 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.

4. How can I determine if a salary offer from State Bank Insurance in Des Moines is fair given the local cost of living?

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

5. What are the key factors that influence salary levels at State Bank Insurance?

Several key factors influence salary levels at State Bank Insurance. 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: State Bank Insurance 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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