Lofton Wells Insurance Salary

Lofton Wells Insurance Salary

How much does the Lofton Wells Insurance Pay for employees?

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As of May 2026, the average annual salary for employees at Lofton Wells Insurance in the United States is $85,734. This translates to an approximate hourly wage of $41. Salaries at Lofton Wells Insurance typically range from $75,434 to $96,942 annually, reflecting the diverse roles and experience levels within the company. Lofton Wells 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 Lofton Wells Insurance Pay for Different Roles?

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

Current Job Openings at Lofton Wells Insurance

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

Is Lofton Wells Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Lofton Wells 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)
Lofton Wells Insurance
Insurance
Sanford Insurance Agency
Humbert Insurance Agency Ltd
Industry Comparison
Our data shows that, on average, compensation at Lofton Wells Insurance is below the average for the U.S. Insurance industry by approximately 31%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lofton Wells Insurance average annual salary with several similar companies. Lofton Wells Insurance average salary of $85,734 is higher than Sanford Insurance Agency, which has an average salary of $84,205. It is lower than Humbert Insurance Agency Ltd, with their average salary at $96,651. This places Lofton Wells Insurance 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.

How Lofton Wells Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Lofton Wells Insurance

Considering a career at Lofton Wells 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.
Friendly colleagues and positive office environment. Benefits like remote work options and health incentives make it an attractive employer. I’ve built strong professional relationships here and feel motivated to contribute long-term. I’m happy to be part of this organization. The company also organizes social events, which help in building strong relationships with colleagues. While the job may n...
Commented in April 08, 2025
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The benefits package is robust, including wellness programs. The compensation is above industry average, and bonuses are performance-based. It’s a great workplace for those seeking a supportive and dynamic environment. Great workplace with a focus on employee well-being. Compensation is competitive, and the 401(k) match is a great perk.
Commented in February 06, 2025
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A great place to advance professionally. I’ve enjoyed my time here and would recommend it to anyone looking for a career in insurance. The insurance processes are well-structured, and the team is efficient. It’s a reliable employer for insurance professionals.
Commented in February 01, 2025
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Lofton Wells Insurance Overview

Website
www.loftonwellsinsurance.com
Founded In
2004
Employees
<25 employees
Industry
Insurance
Headquarter Address
6187 Stage Rd Memphis Tennessee TN 38134
Revenue
$5 Million - $10 Million
Phone Number
+1 9013777935
Social Media
About Lofton Wells Insurance
Lofton Wells Insurance provides commercial insurance for many industries. Agents are extensively familiar with writing insurance for contractors, wholesalers, restaurants, and the automotive industry. However, our insurance knowledge extends beyond these popular products. Speak to an agent to learn more about the insurance offerings we have available. In addition to our extensive commercial offeri

What Benefits Does Lofton Wells Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lofton Wells 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 Memphis?

Understanding the cost of living near Memphis is key to truly evaluating a salary offer or your current compensation at Lofton Wells Insurance.
Memphis' Cost of Living Index is approximately 79.8 (20.2% less expensive than US average; 11.5% less than TN average). Blues/BBQ, FedEx hub, very affordable housing. MATA bus/trolley. When planning your budget based on a salary from Lofton Wells Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Lofton Wells Insurance salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (MATA monthly pass) 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,410+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lofton Wells Insurance

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

The typical annual salary range for most roles at Lofton Wells Insurance is approximately from $75,434 to $96,942. 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 Lofton Wells Insurance pay compared to Sanford Insurance Agency?

The average annual salary at Lofton Wells Insurance is $85,734, or an hourly wage of $41, in comparison to Sanford Insurance Agency which pays $84,205 per year or $40 per hour.

3. Do salaries differ significantly between departments at Lofton Wells Insurance?

Yes, salaries often differ between departments at Lofton Wells 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 Lofton Wells Insurance?

Experience level is a significant factor in determining salary at Lofton Wells 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 Lofton Wells Insurance in Memphis is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Lofton Wells Insurance?

Several key factors influence salary levels at Lofton Wells Insurance. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Lofton Wells Insurance likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.

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