Hershey Insurance Group Inc Salary

How much does the Hershey Insurance Group Inc Pay for employees?

As of August 2026, the average annual salary for employees at Hershey Insurance Group Inc in the United States is $92,569. This translates to an approximate hourly wage of $45. Salaries at Hershey Insurance Group Inc typically range from $81,445 to $104,672 annually, reflecting the diverse roles and experience levels within the company. Hershey Insurance Group Inc’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 Hershey Insurance Group Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Hershey Insurance Group Inc. 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 Hershey Insurance Group Inc

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

Is Hershey Insurance Group Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Hershey Insurance Group Inc’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)
Hershey Insurance Group Inc
Insurance
I L W U-P M A Benefit Plans Office
MDA Insurance
Industry Comparison
Our data shows that, on average, compensation at Hershey Insurance Group Inc is below the average for the U.S. Insurance industry by approximately 25%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Hershey Insurance Group Inc average annual salary with several similar companies. Hershey Insurance Group Inc average salary of $92,569 is lower than I L W U-P M A Benefit Plans Office, which has an average salary of $104,309. It is higher than MDA Insurance, with their average salary at $88,909. This places Hershey Insurance Group Inc in a mid-range 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 Hershey Insurance Group Inc

Considering a career at Hershey Insurance Group Inc? 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.
Workloads are manageable, and deadlines are reasonable. Compensation is competitive, and the company offers flexible work arrangements when needed. While innovation is steady, the company’s stability is a key advantage. It’s a reliable employer for those who prefer structured roles.
Mental health resources are available, and managers encourage a healthy work-life balance. The training programs are top-notch, helping employees stay updated on industry trends. Company values work-life harmony. The insurance industry can be complex, but the resources provided make it easier to navigate. Benefits are competitive, and work-life balance is good. The company provides a stable work e...
A great employer for those passionate about insurance. The office vibe is energetic, and employee recognition programs are motivating. Managers are invested in employee development, and teamwork is strong.

Hershey Insurance Group Inc Overview

Website
www.higmi.com
Founded In
1978
Employees
<25 employees
Industry
Insurance
Headquarter Address
2855 Coolidge Hwy Troy Michigan MI 48084
Revenue
$5 Million - $10 Million
Phone Number
+1 2486193400
Social Media
About Hershey Insurance Group Inc
Hershey Insurance Group, Inc., headquartered in Troy, Michigan, is a national award winning independent insurance firm that has been serving families and businesses since 1978. We offer all lines of insurance coverage from a carefully selected group of financially strong and reputable insurance companies in order to offer the best coverage at the most competitive price.

What Benefits Does Hershey Insurance Group Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Hershey Insurance Group Inc 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 Troy?

Understanding the cost of living near Troy is key to truly evaluating a salary offer or your current compensation at Hershey Insurance Group Inc.
Troy's Cost of Living Index is approximately 107.3 (7.3% more expensive than US average; 17.5% more than MI average). Affluent Detroit suburb (Oakland Co.), major commercial/business center, high housing costs. SMART bus. When planning your budget based on a salary from Hershey Insurance Group Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,000+ A significant portion of Hershey Insurance Group Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $610 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $710+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,740 - $4,280+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Hershey Insurance Group Inc

1. What is the typical salary range (low to high) for most roles at Hershey Insurance Group Inc?

The typical annual salary range for most roles at Hershey Insurance Group Inc is approximately from $81,445 to $104,672. 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. How much does Hershey Insurance Group Inc pay compared to I L W U-P M A Benefit Plans Office?

The average annual salary at Hershey Insurance Group Inc is $92,569, or an hourly wage of $45, in comparison to I L W U-P M A Benefit Plans Office which pays $104,309 per year or $50 per hour.

3. Do salaries differ significantly between departments at Hershey Insurance Group Inc?

Yes, salaries often differ between departments at Hershey Insurance Group Inc 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. How does experience level affect salary at Hershey Insurance Group Inc?

Experience level is a significant factor in determining salary at Hershey Insurance Group Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Hershey Insurance Group Inc in Troy is fair given the local cost of living?

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

6. Why might an individual's actual salary at Hershey Insurance Group Inc differ from the ranges shown here?

An individual's actual salary at Hershey Insurance Group Inc can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.