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Insurance Placement Specialist I Salary in Akeley, Minnesota

Insurance Placement Specialist I Salary in Akeley, MN

How much does an Insurance Placement Specialist I make in Akeley, MN? The average Insurance Placement Specialist I salary in Akeley, MN is $88,600 as of March 26, 2024, but the range typically falls between $76,600 and $108,300. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Insurance Placement Specialist I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Placement Specialist I Salary $65,675 Akeley,MN March 26, 2024
25th Percentile Insurance Placement Specialist I Salary $76,600 Akeley,MN March 26, 2024
50th Percentile Insurance Placement Specialist I Salary $88,600 Akeley,MN March 26, 2024
75th Percentile Insurance Placement Specialist I Salary $108,300 Akeley,MN March 26, 2024
90th Percentile Insurance Placement Specialist I Salary $126,236 Akeley,MN March 26, 2024
25% $76,600 10% $65,675 90% $126,236 75% $108,300 $88,600 50%(Median) Didn’t find job title? Click
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Job Description

The Insurance Placement Specialist I assesses and negotiates quotes from different carriers based on exposure, risk, and financing. Develops and markets customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Being an Insurance Placement Specialist I requires knowledge of complex insurance products and a variety of lines such as commercial property & casualty, employee benefits, and others. Develops recommendations to advises customers on the best options that will meet their needs and to place and retain the business. In addition, Insurance Placement Specialist I requires a bachelor's degree. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management). Typically reports to a supervisor or manager. Being an Insurance Placement Specialist I occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Working as an Insurance Placement Specialist I typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Insurance Placement Specialist I in Akeley, MN

Career Path for this job

  1. Down a level:

    Insurance Placement Trainee

    0 - 2 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Placement Specialist I

    2 - 4 years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Placement Specialist II

    4 - 7 years experience
    Bachelor's Degree

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Understand the total compensation opportunity for an Insurance Placement Specialist I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
76600
108300
88600

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
79400
115800
93100
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Placement Specialist I in Akeley, MN. The base salary for Insurance Placement Specialist I ranges from $76,600 to $108,300 with the average base salary of $88,600. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $79,400 to $115,800 with the average total cash compensation of $93,100.
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76600
108300

 

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About Akeley, Minnesota    Akeley is a city in Hubbard County, Minnesota, USA. The population was 432 at the 2010 census. According to the United States Census Bureau, the city ....More

Akeley, Minnesota  area prices were up 0.8% from a year ago    View the Cost of Living in Akeley, Minnesota

Insurance Placement Specialist I Salary in popular cities: Minneapolis, Saint Paul, Rochester

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