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Formost Insurance Group Salary

Formost Insurance Group Salary

How much does the Formost Insurance Group Pay for employees?

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As of October 2026, the average annual salary for employees at Formost Insurance Group in the United States is $91,493. This translates to an approximate hourly wage of $44. Salaries at Formost Insurance Group typically range from $80,483 to $103,477 annually, reflecting the diverse roles and experience levels within the company. Formost Insurance Group’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.
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Current Job Openings at Formost Insurance Group

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Is Formost Insurance Group’s Pay Competitive? Salary Benchmarking Analysis

How does Formost Insurance Group’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)
Formost Insurance Group
Insurance
usINPRO INSURANCE GROUP Inc
Maris Brown Rossell Insurance Group LLC
Industry Comparison
Our data shows that, on average, compensation at Formost Insurance Group is below the average for the U.S. Insurance industry by approximately 26%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Formost Insurance Group average annual salary with several similar companies. Formost Insurance Group average salary of $91,493 is lower than usINPRO INSURANCE GROUP Inc, which has an average salary of $94,204. It is lower than Maris Brown Rossell Insurance Group LLC, with their average salary at $95,871. This places Formost Insurance Group in a developing position among its peers.
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How Formost Insurance Group's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Formost Insurance Group

Considering a career at Formost Insurance Group? 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.
Technology tools are up-to-date, making daily tasks efficient. The team is knowledgeable and always willing to help. The insurance sector experience gained here is valuable. The company rewards hard work and provides ample training.
Commented in March 18, 2025
11
2
The company’s reputation in the insurance market is strong, and employees take pride in their work. This company values its employees and provides meaningful development opportunities. The hybrid schedule is a great benefit, and the health coverage is excellent. The insurance industry can be demanding, but the leadership team ensures we have the tools and support needed to succeed. The organizatio...
Commented in March 15, 2025
16
3
The team is professional, and processes are well-defined, reducing confusion. It is innovative, it offers stability and fair compensation. I’ve enjoyed my time here due to the collaborative atmosphere.
Commented in September 22, 2024
37
2
It’s a great place for those who value growth and a positive workplace culture. Benefits like health coverage and paid leave are excellent. The organization operates efficiently with a focus on compliance and customer service.
Commented in September 17, 2024
10
3
The leadership is forward-thinking, and employees are given meaningful opportunities to contribute. Compensation is competitive, and benefits are comprehensive. Communication from upper management is consistent, though more feedback channels would be beneficial. Training programs are thorough, helping new hires adjust quickly.
Commented in March 11, 2024
35
3

Formost Insurance Group Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
5600 Beech Tree Ln Grand Rapids Michigan MI 49503
Revenue
$5 Million - $10 Million
Phone Number
+1 6169423000
Social Media
About Formost Insurance Group
Formost Insurance Group is a company that operates in the Insurance industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Grand Rapids, Michigan.

What Benefits Does Formost Insurance Group Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formost Insurance Group 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 Grand Rapids?

Understanding the cost of living near Grand Rapids is key to truly evaluating a salary offer or your current compensation at Formost Insurance Group.
Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). Western MI city, growing, affordable housing. The Rapid bus. When planning your budget based on a salary from Formost Insurance Group, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Formost Insurance Group salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (The Rapid monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,580+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formost Insurance Group

1. How much does a Formost Insurance Group employee make?

Formost Insurance Group pays its employees an average of $91,493 per year. The average salary at Formost Insurance Group range from $80,483 to $103,477 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. Which similar company tend to pay more or less than Formost Insurance Group?

The salary at Formost Insurance Group is lesser than the similar company. The average annual salary at Formost Insurance Group is $91,493, or an hourly wage of $44, in comparison to usINPRO INSURANCE GROUP Inc which pays $94,204 per year or $45 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Formost Insurance Group?

In many roles at Formost Insurance Group, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near Grand Rapids affect the perceived value of a Formost Insurance Group salary?

Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). This significantly impacts the purchasing power of a salary from Formost Insurance Group based there. Our "Cost of Living Insights for Grand Rapids" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Formost Insurance Group typically offer employees?

Formost Insurance Group generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Formost Insurance Group" section on this page.

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