Lathrop Insurance Inc Salary

How much does the Lathrop Insurance Inc Pay for employees?

As of October 2026, the average annual salary for employees at Lathrop Insurance Inc in the United States is $94,869. This translates to an approximate hourly wage of $46. Salaries at Lathrop Insurance Inc typically range from $83,471 to $107,270 annually, reflecting the diverse roles and experience levels within the company. Lathrop 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 Lathrop Insurance Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Lathrop 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.
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Current Job Openings at Lathrop Insurance Inc

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

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

How does Lathrop 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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Average Salary ($/year)
Lathrop Insurance Inc
Insurance
The Policy Spot
Kingston Insurance Agency LLC
Industry Comparison
Our data shows that, on average, compensation at Lathrop Insurance Inc is below the average for the U.S. Insurance industry by approximately 23%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lathrop Insurance Inc average annual salary with several similar companies. Lathrop Insurance Inc average salary of $94,869 is lower than The Policy Spot, which has an average salary of $96,240. It is higher than Kingston Insurance Agency LLC, with their average salary at $94,637. This places Lathrop Insurance 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 Lathrop Insurance Inc

Considering a career at Lathrop 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 workplace is efficient, with clear processes in place. The company also offers strong retirement benefits. The office has a relaxed yet professional vibe, making it comfortable to focus on tasks. The office space is well-maintained, and flexible scheduling is available. Training programs are thorough, ensuring everyone is well-prepared for their roles.
There’s occasional flexibility in scheduling, which is appreciated. The insurance sector experience gained here is valuable. Processes are efficient, and the company maintains a professional atmosphere. The insurance industry knowledge shared internally is invaluable. I appreciate the opportunities for professional growth. Company-sponsored events help build strong relationships among staff. It’s ...
This company fosters a positive and inclusive workplace. The workload is fair, and overtime is rarely expected. The office atmosphere is professional, and remote work flexibility is appreciated. It’s a reliable employer with long-term potential.

Lathrop Insurance Inc Overview

Website
www.lathropinsurance.com
Founded In
1939
Employees
<25 employees
Industry
Insurance
Headquarter Address
85 Beach St Westerly Rhode Island RI 02891
Revenue
<$5 Million
Phone Number
+1 4015962525
Social Media
About Lathrop Insurance Inc
About Lathrop Insurance: Established in 1939 by Francis Lathrop Sr., Lathrop Insurance is a full-service independent insurance agency providing a wide array of insurance offerings and superior customer service to businesses, individuals, and families in New England and beyond. The agency has many areas of commercial expertise, including coastal risk, contractors, restaurants, and not-for-profits.

What Benefits Does Lathrop Insurance Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lathrop 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 Westerly?

Understanding the cost of living near Westerly is key to truly evaluating a salary offer or your current compensation at Lathrop Insurance Inc.
Westerly's Cost of Living Index is approximately 115.9 (15.9% more expensive than US average; 6.8% more than RI average). Coastal town bordering CT, beaches, housing above US avg. RIPTA bus, Amtrak. When planning your budget based on a salary from Lathrop Insurance Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,500 - $2,300+ A significant portion of Lathrop Insurance Inc salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (RIPTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $670 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,000 - $4,760+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lathrop Insurance Inc

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

The typical annual salary range for most roles at Lathrop Insurance Inc is approximately from $83,471 to $107,270. 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 Lathrop Insurance Inc pay compared to The Policy Spot?

The average annual salary at Lathrop Insurance Inc is $94,869, or an hourly wage of $46, in comparison to The Policy Spot which pays $96,240 per year or $46 per hour.

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

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

Experience level is a significant factor in determining salary at Lathrop Insurance 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 Lathrop Insurance Inc in Westerly is fair given the local cost of living?

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

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

An individual's actual salary at Lathrop Insurance 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.