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Magas Insurance Inc Salary

Magas Insurance Inc Salary

How much does the Magas Insurance Inc Pay for employees?

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As of October 2026, the average annual salary for employees at Magas Insurance Inc in the United States is $92,052. This translates to an approximate hourly wage of $44. Salaries at Magas Insurance Inc typically range from $80,996 to $104,087 annually, reflecting the diverse roles and experience levels within the company. Magas 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 Magas Insurance Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Magas 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 Magas Insurance Inc

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

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

How does Magas 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)
Magas Insurance Inc
Insurance
Madu Agency
OM Hughes Insurance Inc
Industry Comparison
Our data shows that, on average, compensation at Magas Insurance Inc is below the average for the U.S. Insurance industry by approximately 26%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Magas Insurance Inc average annual salary with several similar companies. Magas Insurance Inc average salary of $92,052 is lower than Madu Agency, which has an average salary of $101,050. It is higher than OM Hughes Insurance Inc, with their average salary at $84,848. This places Magas 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.

How Magas 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 Magas Insurance Inc. Click a company name to learn more.

Employee Reviews: Working at Magas Insurance Inc

Considering a career at Magas 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 hybrid work policy is a major perk, allowing flexibility. Colleagues are supportive, making teamwork seamless. Friendly workplace, modern office. Management maintains a structured workflow.
Commented in May 03, 2025
22
3
Highly recommend joining this organization. The onboarding process was smooth, and mentors were assigned to help me adjust. The benefits, including stock options and health plans, are outstanding. A dependable workplace for those seeking stability. There’s a strong focus on teamwork, and career advancement opportunities are clear. Working here has been a positive and growth-oriented experience.
Commented in April 11, 2025
14
3
The work environment is structured and predictable, which suits my preferences. A solid choice for those who prefer a structured and predictable work setting. I’ve grown professionally here and would highly recommend it to others in the insurance field. While innovation isn’t rapid, processes are reliable. A great place to grow professionally.
Commented in June 10, 2024
10
2

Magas Insurance Inc Overview

Website
www.magasinsurance.com
Founded In
1979
Employees
<25 employees
Industry
Insurance
Headquarter Address
2615 Meridian St Bellingham Washington WA 98225
Revenue
<$5 Million
Phone Number
+1 3607340416
Social Media
About Magas Insurance Inc
At Magas Insurance, Inc., we are dedicated to delivering the quality products and services you deserve. In addition to covering all your primary insurance needs, we can offer other useful services and specialty insurance for your convenience. Contact us today and experience how we can go the extra mile for you with services such as: Wedding Insurance Special Event Insurance Notary Services License

What Benefits Does Magas Insurance Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magas 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 Bellingham?

Understanding the cost of living near Bellingham is key to truly evaluating a salary offer or your current compensation at Magas Insurance Inc.
Bellingham's Cost of Living Index is approximately 117.8 (17.8% more expensive than US average; 5.6% more than WA average). NW WA coastal city (WWU), desirable, near Canada, housing costs high. WTA bus. When planning your budget based on a salary from Magas Insurance Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,500 - $2,200+ A significant portion of Magas Insurance Inc salary. Location choices impact this heavily.
Utilities (Basic) $100 - $190 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (WTA monthly pass, free for WWU) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $430 - $780+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,890 - $4,550+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magas Insurance Inc

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

The typical annual salary range for most roles at Magas Insurance Inc is approximately from $80,996 to $104,087. 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 Magas Insurance Inc pay compared to Madu Agency?

The average annual salary at Magas Insurance Inc is $92,052, or an hourly wage of $44, in comparison to Madu Agency which pays $101,050 per year or $49 per hour.

3. How does experience level affect salary at Magas Insurance Inc?

Experience level is a significant factor in determining salary at Magas 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.

4. How can I determine if a salary offer from Magas Insurance Inc in Bellingham is fair given the local cost of living?

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

5. What factors influence salary increases at Magas Insurance Inc?

Salary increases at Magas Insurance Inc 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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