MG Insurance Group Salary

MG Insurance Group Salary

How much does the MG Insurance Group Pay for employees?

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As of August 2026, the average annual salary for employees at MG Insurance Group in the United States is $91,314. This translates to an approximate hourly wage of $44. Salaries at MG Insurance Group typically range from $80,318 to $103,295 annually, reflecting the diverse roles and experience levels within the company. MG Insurance Group’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.
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Current Job Openings at MG Insurance Group

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

Is MG Insurance Group’s Pay Competitive? Salary Benchmarking Analysis

How does MG Insurance Group’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)
MG Insurance Group
Insurance
Tejas American General Agency LLC
Virtue Insurance Agency
Industry Comparison
Our data shows that, on average, compensation at MG Insurance Group 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 MG Insurance Group average annual salary with several similar companies. MG Insurance Group average salary of $91,314 is lower than Tejas American General Agency LLC, which has an average salary of $93,223. It is lower than Virtue Insurance Agency, with their average salary at $98,782. This places MG Insurance Group in a developing position among its peers.
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How MG Insurance Group's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at MG Insurance Group

Considering a career at MG Insurance Group? 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 benefits package, including dental and vision, is impressive. Compensation is fair, though not the highest in the industry. The team is friendly, and leadership is approachable. Professional development opportunities are plentiful. The insurance work is demanding, but the company provides excellent tools and training.
Commented in March 31, 2025
22
2
The hybrid work policy is a major perk, and health benefits are comprehensive. Office setup is functional but not flashy. The team is collaborative, and management values employee input. A company with fair policies. The insurance industry can be demanding, but the culture here makes it enjoyable. The workplace culture is friendly, and there’s a strong emphasis on teamwork. The hybrid work model, ...
Commented in January 20, 2025
47
0
It’s a great place to grow if you’re passionate about insurance. The benefits package is robust, including wellness programs. Leadership values employee input.
Commented in February 21, 2024
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MG Insurance Group Overview

Website
www.mginsurancegroup.com
Founded In
2018
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
PO Box 15828 San Antonio Texas TX 78212
Revenue
$10 Million - $50 Million
Phone Number
+1 2108496060
Social Media
About MG Insurance Group
MG Insurance Group is an independent insurance firm that provides customized solutions to businesses and individuals. Our comprehensive approach will identify risk exposure, provide solutions, and secure assets in the most cost-effective manner.

What Benefits Does MG Insurance Group Offer Beyond Salary?

A competitive compensation package is more than just a salary. MG Insurance Group 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 San Antonio?

Understanding the cost of living near San Antonio is key to truly evaluating a salary offer or your current compensation at MG Insurance Group.
San Antonio's Cost of Living Index is approximately 89.7 (10.3% less expensive than US average; 3.5% less than TX average). Historic city, tourism, military, affordable housing. VIA Metropolitan Transit. When planning your budget based on a salary from MG Insurance Group, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of MG Insurance Group salary. Location choices impact this heavily.
Utilities (Basic) $140 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $38 (VIA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,278 - $3,638+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of MG Insurance Group

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

The typical annual salary range for most roles at MG Insurance Group is approximately from $80,318 to $103,295. 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 MG Insurance Group pay compared to Tejas American General Agency LLC?

The average annual salary at MG Insurance Group is $91,314, or an hourly wage of $44, in comparison to Tejas American General Agency LLC which pays $93,223 per year or $45 per hour.

3. How does experience level affect salary at MG Insurance Group?

Experience level is a significant factor in determining salary at MG Insurance Group, 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 MG Insurance Group in San Antonio is fair given the local cost of living?

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

5. Why might an individual's actual salary at MG Insurance Group differ from the ranges shown here?

An individual's actual salary at MG Insurance Group 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.

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