Steve Payne Insurance Salary

As of August 2026, the average annual salary for employees at Steve Payne Insurance in the United States is $85,945. This translates to an approximate hourly wage of $41. Salaries at Steve Payne Insurance typically range from $75,617 to $97,173 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Steve Payne Insurance

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Is Steve Payne Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Steve Payne 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
Truckline Insurance Group LLC $86,915
+1.1%
Confirms Truckline Insurance Group LLC is a direct competitor vying for the exact same talent pool.
International Assurance Ltd $98,487
+14.6%
Adjusted for higher cost-of-living indices in International Assurance Ltd's primary metro hubs.
Master Title Agency LLC $89,236
+3.8%
Reflects structural premiums typical of Master Title Agency LLC's large-cap national operations.
Stewardship Wealth Advisors $89,015
+3.6%
Influenced by prevailing union wage agreements specific to Stewardship Wealth Advisors's sector.
Insurance Industry $123,858
+44.1%
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 Steve Payne Insurance

Considering a career at Steve Payne 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.
The insurance training is top-notch, with access to industry certifications. Joining this insurance company was a great career move. The company operates efficiently in the insurance space. The team is professional, and management is approachable.
I enjoy working here—the team is knowledgeable and always willing to help. I’ve had a great experience here. Community involvement is another highlight, with volunteer days and charity drives. A company with average benefits. The workload is manageable, and the team is professional. The company offers great learning opportunities in the insurance sector.
The compensation is above industry average, and bonuses are performance-based. The company also invests in technology, making processes efficient. The company fosters a positive and collaborative work environment. Workloads are manageable, and the office environment is professional.

Steve Payne Insurance Overview

Website
www.fratesinsurance.com
Founded In
1987
Employees
<25 employees
Industry
Insurance
Headquarter Address
821 W Main St Chanute Kansas KS 66720
Revenue
$5 Million - $10 Million
Phone Number
+1 6204314280
Social Media
About Steve Payne Insurance
Steve Payne Insurance is a company that operates in the Insurance industry. It employs 11-20 people and has $5M-$10M of revenue. The company is headquartered in Chanute, Kansas.

What Benefits Does Steve Payne Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Steve Payne 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 Wichita?

Understanding the cost of living near Wichita is key to truly evaluating a salary offer or your current compensation at Steve Payne Insurance.
Wichita's Cost of Living Index is approximately 82.1 (17.9% less expensive than US average; 8.5% less than KS average). Largest KS city, 'Air Capital', affordable housing. Wichita Transit. When planning your budget based on a salary from Steve Payne Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,150+ A significant portion of Steve Payne Insurance salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (Wichita Transit 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 $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,960 - $3,160+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Steve Payne Insurance

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

Salary.com estimates that the average total compensation package at Steve Payne Insurance, which can include base salary, potential bonuses, and benefits, is around $85,945 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Steve Payne Insurance pay compared to Truckline Insurance Group LLC?

The average annual salary at Steve Payne Insurance is $85,945, or an hourly wage of $41, in comparison to Truckline Insurance Group LLC which pays $86,915 per year or $42 per hour.

3. Do salaries differ significantly between departments at Steve Payne Insurance?

Yes, salaries often differ between departments at Steve Payne Insurance 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Steve Payne Insurance?

Salary progression from an entry-level to a senior role at Steve Payne 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.

5. How can I determine if a salary offer from Steve Payne Insurance in Wichita is fair given the local cost of living?

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

6. Are promotions at Steve Payne Insurance usually accompanied by a significant salary increase?

Yes, promotions at Steve Payne 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.