Markel Assurance Salary

Markel Assurance Salary

How much does the Markel Assurance Pay for employees?

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As of August 2026, the average hourly salary for employees at Markel Assurance in the United States is $48. This translates to an approximate annual wage of $99,879. Salaries at Markel Assurance typically range from $42 to $54 hourly, reflecting the diverse roles and experience levels within the company. Markel Assurance’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 Markel Assurance

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Is Markel Assurance’s Pay Competitive? Salary Benchmarking Analysis

How does Markel Assurance’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Markel Assurance
Insurance
Arkansas Valley Agency
Insurance Industry Committee Onmotor Vehicle Administration
Industry Comparison
Our data shows that, on average, compensation at Markel Assurance is below the average for the U.S. Insurance industry by approximately 19%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Markel Assurance average annual salary with several similar companies. Markel Assurance average salary of $99,879 is higher than Arkansas Valley Agency, which has an average salary of $79,015. It is higher than Insurance Industry Committee Onmotor Vehicle Administration, with their average salary at $97,980. This places Markel Assurance in a competitive position among its peers.
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Companies Similar to Markel Assurance and Their Hourly Pay Rates

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

Employee Reviews: Working at Markel Assurance

Considering a career at Markel Assurance? 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.
Additionally, the company hosts occasional social events, which help build strong relationships among staff. The team is knowledgeable and willing to help newcomers. The workload is consistent, and deadlines are realistic. The office atmosphere is friendly, and collaboration is encouraged. The benefits are excellent, including performance bonuses and tuition reimbursement for further education.
Commented in May 28, 2025
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Career growth opportunities are plentiful, and management is supportive. The team is knowledgeable and always willing to help. Compensation is in line with industry standards, and the benefits are decent. It’s a good choice for those seeking a low-drama, steady work environment. Rewarding work, good bonuses. Work expectations are clear, and processes are streamlined for productivity. The company m...
Commented in April 13, 2025
10
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This insurance company values its employees and invests in their success. Compensation and benefits are strong. Company follows regulations well. It’s a reliable place to work if you value consistency in the insurance sector.
Commented in February 02, 2024
10
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Markel Assurance Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
222 S. Chicago Illinois IL 60606
Revenue
<$5 Million
Phone Number
-
Social Media
About Markel Assurance
Markel Assurance is a company that operates in the Insurance industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Chicago, Illinois.

What Benefits Does Markel Assurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Markel Assurance 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Markel Assurance.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Markel Assurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Markel Assurance salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Markel Assurance

1. How much does Markel Assurance in the United States pay?

Markel Assurance pays its employees an average of $48 per hour. The average salary at Markel Assurance range from $42 to $54 per hour. 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 Markel Assurance employees get a higher salary than its peer company?

The salary at Markel Assurance is higher than its peer company. The average annual salary at Markel Assurance is $99,879, or an hourly wage of $48, in comparison to Arkansas Valley Agency which pays $79,015 per year or $38 per hour.

3. How much does salary increase with years of experience at Markel Assurance?

Salary progression with years of experience at Markel Assurance 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.

4. Do salaries at Markel Assurance vary by office location?

Yes, it's very likely that salaries at Markel Assurance 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 Chicago section provides more context.

5. Does Markel Assurance offer good benefits?

Markel Assurance 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 Markel Assurance" section on this page.

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