Richards Insurance Salary

Richards Insurance Salary

How much does the Richards Insurance Pay for employees?

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As of August 2026, the average annual salary for employees at Richards Insurance in the United States is $82,981. This translates to an approximate hourly wage of $40. Salaries at Richards Insurance typically range from $73,015 to $93,832 annually, reflecting the diverse roles and experience levels within the company. Richards Insurance’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 Richards Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at Richards Insurance. 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 Richards Insurance

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

Is Richards Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Richards Insurance’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)
Richards Insurance
Insurance
Glen Center Insurance Associates
Texas Independence Health Plan
Industry Comparison
Our data shows that, on average, compensation at Richards Insurance is below the average for the U.S. Insurance industry by approximately 33%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Richards Insurance average annual salary with several similar companies. Richards Insurance average salary of $82,981 is lower than Glen Center Insurance Associates, which has an average salary of $97,158. It is lower than Texas Independence Health Plan, with their average salary at $84,721. This places Richards Insurance 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 Richards Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Richards Insurance

Considering a career at Richards Insurance? 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.
Enjoy the collaborative culture. Management maintains a structured workflow. It’s a good place for those who prefer a steady, low-drama workplace. Benefits like parental leave and wellness programs are top-tier. It’s a solid place for those who prefer stability.
Commented in March 27, 2025
27
3
Team collaboration is strong, and remote work options are available for better work-life balance. Employees are recognized for their contributions, and career advancement is actively supported. Work is consistent, and the team is cooperative. Good communication from leadership. It’s a great workplace for those looking to grow in the insurance sector. The company also promotes wellness initiatives,...
Commented in October 18, 2024
17
2
The office atmosphere is relaxed yet professional. The insurance products are top-notch, and client service is a focus. Colleagues are professional, though more team-building activities would enhance collaboration.
Commented in August 30, 2024
19
1

Richards Insurance Overview

Website
www.richardsgroupinc.com
Founded In
1988
Employees
<25 employees
Industry
Insurance
Headquarter Address
4931 Boonsboro Rd Lynchburg Virginia VA 24503
Revenue
$5 Million - $10 Million
Phone Number
+1 4343843900
Social Media
About Richards Insurance
Richards Insurance is a full-service broker providing coverage to clients throughout the Mid-Atlantic region since 1988. Our primary focus is on serving customers across a broad range of industries including automotive, construction, forest products, manufacturing, petroleum, and transportation for which we have extensive in-house expertise. We are committed to understanding the risks and challeng

What Benefits Does Richards Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Richards Insurance 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 Lynchburg?

Understanding the cost of living near Lynchburg is key to truly evaluating a salary offer or your current compensation at Richards Insurance.
Lynchburg's Cost of Living Index is approximately 82.1 (17.9% less expensive than US average; 21.0% less than VA average). Central VA city (Liberty Univ.), affordable. GLTC. When planning your budget based on a salary from Richards Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Richards Insurance salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation Limited local transit 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 $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,980 - $3,190+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Richards Insurance

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

The typical annual salary range for most roles at Richards Insurance is approximately from $73,015 to $93,832. 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 Richards Insurance pay compared to Glen Center Insurance Associates?

The average annual salary at Richards Insurance is $82,981, or an hourly wage of $40, in comparison to Glen Center Insurance Associates which pays $97,158 per year or $47 per hour.

3. Do salaries differ significantly between departments at Richards Insurance?

Yes, salaries often differ between departments at Richards Insurance 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 Richards Insurance?

Experience level is a significant factor in determining salary at Richards Insurance, 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 Richards Insurance in Lynchburg is fair given the local cost of living?

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

6. What factors influence salary increases at Richards Insurance?

Salary increases at Richards Insurance are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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