First Mutual Insurance Co Salary

How much does the First Mutual Insurance Co Pay for employees?

As of August 2026, the average annual salary for employees at First Mutual Insurance Co in the United States is $85,523. This translates to an approximate hourly wage of $41. Salaries at First Mutual Insurance Co typically range from $75,251 to $96,698 annually, reflecting the diverse roles and experience levels within the company. First Mutual Insurance Co’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does First Mutual Insurance Co Pay for Different Roles?

Explore detailed salary information for specific jobs at First Mutual Insurance Co. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at First Mutual Insurance Co

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

Is First Mutual Insurance Co’s Pay Competitive? Salary Benchmarking Analysis

How does First Mutual Insurance Co’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
First Mutual Insurance Co
Insurance
SA Genatt
Schneider, Male & Strakowski Co., EA
Industry Comparison
Our data shows that, on average, compensation at First Mutual Insurance Co is below the average for the U.S. Insurance industry by approximately 31%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared First Mutual Insurance Co average annual salary with several similar companies. First Mutual Insurance Co average salary of $85,523 is lower than SA Genatt, which has an average salary of $100,100. It is lower than Schneider, Male & Strakowski Co., EA, with their average salary at $87,970. This places First Mutual Insurance Co in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

Employee Reviews: Working at First Mutual Insurance Co

Considering a career at First Mutual Insurance Co? 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.
Compensation aligns with industry standards, and benefits are satisfactory. A great workplace overall. Team dynamics are positive, and management is approachable. The team is cohesive, and management is approachable. Leadership is accessible, and professional growth is encouraged. There’s a strong emphasis on work-life balance, with flexible schedules. The insurance industry can be demanding, but ...
The insurance industry is competitive, but the company provides the resources needed to excel. The work-life balance initiatives, like flexible hours, are appreciated. Workloads are reasonable, and deadlines are fair. The office has a modern setup, and hybrid work options are available. The company offers standard insurance industry benefits.
Performance incentives are generous, and promotions are merit-based. Work-life balance is good, and benefits are competitive. It’s a good choice for those seeking a low-drama, steady work environment. Training sessions are frequent, and mentorship is available.

First Mutual Insurance Co Overview

Website
www.fmicnc.com
Founded In
2005
Employees
<25 employees
Industry
Insurance
Headquarter Address
614 E Market St Smithfield North Carolina NC 27577
Revenue
<$5 Million
Phone Number
+1 9199346111
Social Media
About First Mutual Insurance Co
First Mutual Insurance Company, located in Smithfield, NC was founded in 1961. The company has grown to offer homeowners and farmowners insurance as well as coverage for a variety of agricultural risks in North Carolina, South Carolina, and Tennessee. First Mutual Insurance Company markets its products through local independent agents and enjoys an "A" rating for financial stability.

What Benefits Does First Mutual Insurance Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. First Mutual Insurance Co 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 Raleigh?

Understanding the cost of living near Raleigh is key to truly evaluating a salary offer or your current compensation at First Mutual Insurance Co.
Raleigh's Cost of Living Index is approximately 102.3 (2.3% more expensive than US average; 6.6% more than NC average). State capital, Research Triangle Park, tech hub, housing above US avg. GoRaleigh/GoTriangle. When planning your budget based on a salary from First Mutual Insurance Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of First Mutual Insurance Co salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (GoRaleigh monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $430 - $780+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,830 - $4,410+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of First Mutual Insurance Co

1. How much does First Mutual Insurance Co in the United States pay?

First Mutual Insurance Co pays its employees an average of $85,523 per year. The average salary at First Mutual Insurance Co range from $75,251 to $96,698 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 First Mutual Insurance Co employees get a higher salary than its peer company?

The salary at First Mutual Insurance Co is lesser than its peer company. The average annual salary at First Mutual Insurance Co is $85,523, or an hourly wage of $41, in comparison to SA Genatt which pays $100,100 per year or $48 per hour.

3. What are the highest paying jobs at First Mutual Insurance Co?

The higher-paying job at First Mutual Insurance Co, according to our data, include Regional Director, Marketing (avg. $147,083 per year), Service Manager (avg. $117,928 per year), and Manager, Claims (avg. $99,197 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at First Mutual Insurance Co?

Salary progression with years of experience at First Mutual 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 First Mutual Insurance Co vary by office location?

Yes, it's very likely that salaries at First Mutual 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 Raleigh section provides more context.

6. Does First Mutual Insurance Co offer good benefits?

First Mutual 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 First Mutual Insurance Co" section on this page.