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Koram Insurance Inc Salary

Koram Insurance Inc Salary

How much does the Koram Insurance Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Koram Insurance Inc in the United States is $102,263. This translates to an approximate hourly wage of $49. Salaries at Koram Insurance Inc typically range from $89,977 to $115,623 annually, reflecting the diverse roles and experience levels within the company. Koram Insurance 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 Koram Insurance Inc Pay for Different Roles?

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

Current Job Openings at Koram Insurance Inc

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

Is Koram Insurance Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Koram Insurance 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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90k
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Average Salary ($/year)
Koram Insurance Inc
Insurance
Self Insurance Administration LLC
John L Vorbach Co Inc
Industry Comparison
Our data shows that, on average, compensation at Koram Insurance Inc is below the average for the U.S. Insurance industry by approximately 17%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Koram Insurance Inc average annual salary with several similar companies. Koram Insurance Inc average salary of $102,263 is lower than Self Insurance Administration LLC, which has an average salary of $109,056. It is lower than John L Vorbach Co Inc, with their average salary at $110,047. This places Koram Insurance Inc 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 Koram Insurance Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Koram Insurance Inc

Considering a career at Koram Insurance 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.
The compensation package is fair, and there are opportunities for bonuses. Rewarding projects and meaningful work. Competitive pay and excellent benefits. This insurance company excels in employee satisfaction. Teams work well together, and management is always open to new ideas.
Commented in May 11, 2025
28
1
I’m impressed by the company’s commitment to employee growth and customer satisfaction. The organization operates smoothly with well-established procedures. The benefits package, including health insurance and retirement plans, is competitive. The company provides a stable and rewarding career in the insurance industry. Overall, it’s a stable and supportive workplace where employees are valued. Th...
Commented in November 28, 2024
29
3
Flexible hours, remote options, and wellness programs make a difference. The company fosters a collaborative environment where teamwork is highly encouraged. Work-life balance is respected, and flexible hours are a major perk. The insurance industry knowledge here is top-tier, making daily tasks engaging.
Commented in February 04, 2024
22
3

Koram Insurance Inc Overview

Website
www.koraminsurance.com
Founded In
1972
Employees
<25 employees
Industry
Insurance
Headquarter Address
3807 Wilshire Blvd Los Angeles California CA 90010
Revenue
<$5 Million
Phone Number
+1 3236601000
Social Media
About Koram Insurance Inc
Over 45 years, Koram Insurance has provided individuals and businesses a variety of customized products and services to meet and satisfy your personal & commercial insurance needs with our steadfast commitment and professionalism. Proactively design, manage and protect your future with us. About - Find out about Koram Insurance, our core values, service process, and the products of our decades of

What Benefits Does Koram Insurance Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Koram Insurance 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 Los Angeles?

Understanding the cost of living near Los Angeles is key to truly evaluating a salary offer or your current compensation at Koram Insurance Inc.
Los Angeles' Cost of Living Index is approximately 173.3 (73.3% more expensive than US average; 23.9% more than CA average). Driven by extremely expensive housing, high transportation costs, and above-average goods/services. When planning your budget based on a salary from Koram Insurance Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Koram Insurance Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $100 (Metro TAP card varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,050 - $6,450+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Koram Insurance Inc

1. What is the estimated average total compensation at Koram Insurance Inc?

Salary.com estimates that the average total compensation package at Koram Insurance Inc, which can include base salary, potential bonuses, and benefits, is around $102,263 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Koram Insurance Inc pay compared to Self Insurance Administration LLC?

The average annual salary at Koram Insurance Inc is $102,263, or an hourly wage of $49, in comparison to Self Insurance Administration LLC which pays $109,056 per year or $52 per hour.

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

Yes, salaries often differ between departments at Koram Insurance 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Koram Insurance Inc?

Salary progression from an entry-level to a senior role at Koram Insurance Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Koram Insurance Inc in Los Angeles is fair given the local cost of living?

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

6. Are promotions at Koram Insurance Inc usually accompanied by a significant salary increase?

Yes, promotions at Koram Insurance Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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