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Foster Insurance Services Salary

Foster Insurance Services Salary

How much does the Foster Insurance Services Pay for employees?

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As of August 2026, the average annual salary for employees at Foster Insurance Services in the United States is $86,662. This translates to an approximate hourly wage of $42. Salaries at Foster Insurance Services typically range from $76,250 to $97,990 annually, reflecting the diverse roles and experience levels within the company. Foster Insurance Services’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 Foster Insurance Services Pay for Different Roles?

Explore detailed salary information for specific jobs at Foster Insurance Services. 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.
How accurate does the salary look to you?

Current Job Openings at Foster Insurance Services

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

Is Foster Insurance Services’s Pay Competitive? Salary Benchmarking Analysis

How does Foster Insurance Services’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
180k
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Average Salary ($/year)
Foster Insurance Services
Insurance
The Finger Lakes Group
Business Risk Advisors LLC
Industry Comparison
Our data shows that, on average, compensation at Foster Insurance Services is below the average for the U.S. Insurance industry by approximately 30%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Foster Insurance Services average annual salary with several similar companies. Foster Insurance Services average salary of $86,662 is lower than The Finger Lakes Group, which has an average salary of $87,548. It is lower than Business Risk Advisors LLC, with their average salary at $88,920. This places Foster Insurance Services 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.

How Foster Insurance Services's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Foster Insurance Services

Considering a career at Foster Insurance Services? 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.
Decent workplace with standard insurance industry perks. The work environment is inclusive, and managers are supportive of career aspirations. The 401(k) match is a nice perk, and health benefits are comprehensive. Leadership is supportive and provides opportunities for career advancement.
Commented in June 01, 2025
28
1
The insurance industry can be complex, but the training provided helps immensely. The insurance industry can be demanding, but the supportive culture makes it manageable. It’s a steady workplace with reasonable expectations for performance. Technology tools are up-to-date, making daily tasks efficient. The company invests in technology, making workflows efficient. The hybrid work model is a big pl...
Commented in May 04, 2024
20
1
The health benefits are above average, and the company culture is inclusive. The culture promotes innovation, and employees are encouraged to share ideas. Steady job with fair compensation. The company culture here is one of the best I’ve experienced.
Commented in January 01, 2024
44
3

Foster Insurance Services Overview

Website
www.fosterinsservices.com
Founded In
2005
Employees
<25 employees
Industry
Insurance
Headquarter Address
741 2nd St Webster City Iowa IA 50595
Revenue
<$5 Million
Phone Number
+1 5158325557
Social Media
About Foster Insurance Services
Foster Insurance Services has been an Independent Agency since 2005, with 20 years of experience working with other agencies. We represent many of the best carriers in the industry, and we constantly monitor market conditions to ensure that our clients are receiving the best value for their insurance dollars. We offer complete account servicing with a personal touch. We have a firm belief that we

What Benefits Does Foster Insurance Services Offer Beyond Salary?

A competitive compensation package is more than just a salary. Foster Insurance Services 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 Des Moines?

Understanding the cost of living near Des Moines is key to truly evaluating a salary offer or your current compensation at Foster Insurance Services.
Des Moines' Cost of Living Index is approximately 80.8 (19.2% less expensive than US average; 10.1% less than IA average). State capital, affordable housing, growing. DART bus. When planning your budget based on a salary from Foster Insurance Services, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Foster Insurance Services salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $48 (DART 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 $330 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,078 - $3,328+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Foster Insurance Services

1. How much does a Foster Insurance Services employee make?

Foster Insurance Services pays its employees an average of $86,662 per year. The average salary at Foster Insurance Services range from $76,250 to $97,990 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 Foster Insurance Services?

The salary at Foster Insurance Services is lesser than the similar company. The average annual salary at Foster Insurance Services is $86,662, or an hourly wage of $42, in comparison to The Finger Lakes Group which pays $87,548 per year or $42 per hour.

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

In many roles at Foster Insurance Services, 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 Des Moines affect the perceived value of a Foster Insurance Services salary?

Des Moines' Cost of Living Index is approximately 80.8 (19.2% less expensive than US average; 10.1% less than IA average). This significantly impacts the purchasing power of a salary from Foster Insurance Services based there. Our "Cost of Living Insights for Des Moines" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Foster Insurance Services typically offer employees?

Foster Insurance Services 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 Foster Insurance Services" section on this page.

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