Where is State Insurance located?

State Insurance is headquartered in Waterville, Maine, but may have operations in other locations within the Insurance sector.

What does State Insurance do?

According to the company's overview, State Insurance is a company that operates in the Insurance industry.

What industry is State Insurance in?

State Insurance operates in the Insurance industry.

State Insurance Average Salary, Pay Ranges & Benefits

State Insurance Salary

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Salary at State Insurance

Current Job Openings at State Insurance

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

Is State Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does State 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
Employee Health & Benefits	$90,259	+4.2%	Driven by niche technical certifications required for Employee Health & Benefits's specialized projects.
Seven Insurance Brokers LLC	$114,256	+31.9%	Reflects a supply-demand imbalance for the specific talent Seven Insurance Brokers LLC targets.
Keane Insurance Group Inc	$92,801	+7.1%	Supported by Keane Insurance Group Inc's high-margin contracts allowing higher overhead.
JI Companies	$92,875	+7.2%	Reflects structural premiums typical of JI Companies's large-cap national operations.
Insurance Industry	$123,858	+43.0%	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 State 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 Insurance. Click a company name to learn more.

Employee Health & Benefits

$90,259 / year

Salary Range: $79,393 - $102,112

Augusta, ME

Seven Insurance Brokers LLC

$114,256 / year

Salary Range: $100,506 - $129,255

Westchester, NY

Keane Insurance Group Inc

$92,801 / year

Salary Range: $81,629 - $104,977

Kirkwood, MO

JI Companies

$92,875 / year

Salary Range: $81,693 - $105,063

Austin, TX

Hwmg

$97,442 / year

Salary Range: $85,716 - $110,233

Honolulu, HI

Colemont Insurance Brokers Ltd

$99,520 / year

Salary Range: $87,539 - $112,574

Chicago, IL

Newins Insurance Agency Holdings LLC

$100,744 / year

Salary Range: $88,611 - $113,964

Downers Grove, IL

InsureNOW Direct

$93,234 / year

Salary Range: $82,004 - $105,465

Harrisburg, PA

Insurance Brokerage House

$101,535 / year

Salary Range: $89,308 - $114,854

Chicago, IL

Employee Reviews: Working at State Insurance

Considering a career at State 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.

Employees are recognized for their contributions, and career advancement is actively supported. Overall, it’s a stable and rewarding place to build a career. Compensation is competitive, making it a rewarding workplace. The benefits package is robust, and work-life balance is respected. The leadership team is approachable and encourages professional development.

Commented in March 09, 2025

21

0

The work environment is positive, and management is approachable. The onboarding process was smooth, and mentors were assigned to help me adjust. Benefits are above average, and career growth is possible.

Commented in November 24, 2024

49

2

Overall, it’s a supportive and forward-thinking workplace. Career growth opportunities are available for those who seek them. The insurance industry is fast-paced, but the team is supportive. Leadership values employee input. A good fit for those seeking consistency in their career.

Commented in November 13, 2024

50

2

The company maintains a strong reputation in the insurance market, which adds a sense of job security. The hybrid work model is a great perk. Benefits are top-notch, including strong retirement plans. The workload is balanced, and overtime is rare. The company invests in training, helping employees stay updated with industry trends. Benefits like health coverage and retirement plans are strong.

Commented in October 09, 2024

26

1

I’m happy to be part of this team. It’s a great place to grow professionally while maintaining a healthy work-life balance. A fantastic workplace for insurance professionals. I see myself growing here long-term.

Commented in March 30, 2024

45

0

What Benefits Does State Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. State 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 Augusta?

Understanding the cost of living near Augusta is key to truly evaluating a salary offer or your current compensation at State Insurance.

Augusta's Cost of Living Index is approximately 91.7 (8.3% less expensive than US average; 9.7% less than ME average). State capital, affordable housing. Kennebec Explorer bus. When planning your budget based on a salary from State Insurance, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$950 - $1,400+	A significant portion of State Insurance salary. Location choices impact this heavily.
Utilities (Basic)	$170 - $280 (Heating significant)	Electricity, Heating, Cooling, Water etc.
Public Transportation	Limited local transit	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$400 - $590	Can be higher with more dining out or specialty stores.
Personal & Leisure	$300 - $600+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$360 - $680+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,180 - $3,550+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of State Insurance

1. What is the estimated average total compensation at State Insurance?

Salary.com estimates that the average total compensation package at State Insurance, which can include base salary, potential bonuses, and benefits, is around $86,620 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does State Insurance pay compared to Employee Health & Benefits?

The average annual salary at State Insurance is $86,620, or an hourly wage of $42, in comparison to Employee Health & Benefits which pays $90,259 per year or $43 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at State Insurance?

Salary progression from an entry-level to a senior role at State Insurance 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.

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

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

5. Are promotions at State Insurance usually accompanied by a significant salary increase?

Yes, promotions at State Insurance 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.