Modab Insurance Services Inc Salary

Modab Insurance Services Inc Salary

How much does the Modab Insurance Services Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Modab Insurance Services Inc in the United States is $99,541. This translates to an approximate hourly wage of $48. Salaries at Modab Insurance Services Inc typically range from $87,576 to $112,550 annually, reflecting the diverse roles and experience levels within the company. Modab Insurance Services 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 Modab Insurance Services Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Modab Insurance Services 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 Modab Insurance Services Inc

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

Is Modab Insurance Services Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Modab Insurance Services 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)
Modab Insurance Services Inc
Insurance
McHenry Insurance Services Inc
Seraphim Wood
Industry Comparison
Our data shows that, on average, compensation at Modab Insurance Services Inc is below the average for the U.S. Insurance industry by approximately 20%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Modab Insurance Services Inc average annual salary with several similar companies. Modab Insurance Services Inc average salary of $99,541 is higher than McHenry Insurance Services Inc, which has an average salary of $87,791. It is lower than Seraphim Wood, with their average salary at $105,733. This places Modab Insurance Services 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 Modab Insurance Services Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Modab Insurance Services Inc

Considering a career at Modab Insurance Services 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.
For those seeking a predictable career path in insurance, this company offers a solid foundation. The company has a strong ethical foundation and treats employees well. Colleagues are friendly and always willing to assist. The insurance industry can be demanding, but the supportive culture makes it manageable.
Commented in April 03, 2025
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Management is transparent about company goals, making it easy to align personal growth. The onboarding process was thorough, and mentorship programs are very helpful. While there aren’t many standout perks, the job provides stability and a predictable routine. The company operates efficiently, with well-defined processes. The work culture is inclusive, and everyone’s contributions are valued. Over...
Commented in March 22, 2025
29
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It’s a company that values its employees and their contributions. It’s a reasonable place to gain experience in insurance. The office culture is low-drama, which is appreciated. The company values employee feedback, and management is responsive. Employee recognition programs are a nice touch, boosting morale.
Commented in March 14, 2024
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Modab Insurance Services Inc Overview

Website
www.modabinsurance.com
Founded In
2015
Employees
<25 employees
Industry
Insurance
Headquarter Address
2060d E Avenida De Los Arboles Pmb Thousand Oaks California CA 91362
Revenue
<$5 Million
Phone Number
+1 8184059580
Social Media
About Modab Insurance Services Inc
At Modab Insurance, we are committed to health insurance for both our commercial customers, who need group coverage for their employees, as well as the individual or family that needs coverage. With the changing face of health insurance in today's market, we at Modab Insurance are staying abreast of the latest developments that will affect the coverage you expect as well as the cost impact upon yo

What Benefits Does Modab Insurance Services Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Modab Insurance Services 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 Thousand Oaks?

Understanding the cost of living near Thousand Oaks is key to truly evaluating a salary offer or your current compensation at Modab Insurance Services Inc.
Thousand Oaks' Cost of Living Index is approximately 165.8 (65.8% more expensive than US average; 18.6% more than CA average). Affluent Ventura County city, very high housing costs, safe, good schools. When planning your budget based on a salary from Modab Insurance Services Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,600+ A significant portion of Modab Insurance Services Inc salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (TOT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $470 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $850+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $410 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,070 - $6,220+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Modab Insurance Services Inc

1. What is the average salary for employees at Modab Insurance Services Inc?

The average annual total compensation for employees at Modab Insurance Services Inc is approximately $99,541. However, this is an aggregate figure, actual salaries can range significantly, typically from $87,576 to $112,550, depending on factors like job role, experience, and location.

2. How much does Modab Insurance Services Inc pay compared to McHenry Insurance Services Inc?

The average annual salary at Modab Insurance Services Inc is $99,541, or an hourly wage of $48, in comparison to McHenry Insurance Services Inc which pays $87,791 per year or $42 per hour.

3. What is the lowest salary at Modab Insurance Services Inc?

The lowest-paying job at Modab Insurance Services Inc is an Account Specialist with a salary of $57,621 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Modab Insurance Services Inc?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Modab Insurance Services Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Modab Insurance Services Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Thousand Oaks?

While some companies offer formal COLA, many, including potentially Modab Insurance Services Inc, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Modab Insurance Services Inc?

Most companies, likely including Modab Insurance Services Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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