Pratt Insurance Inc Salary

Pratt Insurance Inc Salary

How much does the Pratt Insurance Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Pratt Insurance Inc in the United States is $96,039. This translates to an approximate hourly wage of $46. Salaries at Pratt Insurance Inc typically range from $84,497 to $108,587 annually, reflecting the diverse roles and experience levels within the company. Pratt 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 Pratt Insurance Inc Pay for Different Roles?

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

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

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

How does Pratt 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)
Pratt Insurance Inc
Insurance
Tom Michael Insurance Agency
LifeBrokers
Industry Comparison
Our data shows that, on average, compensation at Pratt Insurance Inc is below the average for the U.S. Insurance industry by approximately 22%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Pratt Insurance Inc average annual salary with several similar companies. Pratt Insurance Inc average salary of $96,039 is lower than Tom Michael Insurance Agency, which has an average salary of $97,274. It is higher than LifeBrokers, with their average salary at $90,639. This places Pratt 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 Pratt 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 Pratt Insurance Inc. Click a company name to learn more.

Employee Reviews: Working at Pratt Insurance Inc

Considering a career at Pratt 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 company also supports remote work when needed, adding flexibility. The company’s culture is collaborative, and employee feedback is taken seriously. Teamwork is emphasized, great for career growth. I’ve been with this insurance firm for over two years, and it’s been a great journey. The team is professional, and communication is effective.
Commented in April 05, 2025
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It’s a reliable employer for those who prefer structured roles. The culture is collaborative, and leadership genuinely cares about employee growth. The team is collaborative, making problem-solving efficient. It’s a great workplace for those seeking a supportive and dynamic environment. The work culture is inclusive, and leadership is transparent about company goals. The company operates with effi...
Commented in September 08, 2024
14
2
Benefits, including retirement plans and wellness programs, are strong. Team collaboration is strong, making problem-solving efficient. The company follows industry standards well, making it a reliable employer. Leadership is accessible, and teamwork is strong. The compensation package is competitive, including bonuses and wellness programs.
Commented in February 27, 2024
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2

Pratt Insurance Inc Overview

Website
www.pratt-insurance.com
Founded In
2006
Employees
<25 employees
Industry
Insurance
Headquarter Address
4 Village Sq Smyrna Delaware DE 19977
Revenue
$5 Million - $10 Million
Phone Number
+1 3026536681
Social Media
About Pratt Insurance Inc
Pratt Insurance, Inc., was founded in 1880 and is Smyrna, Delaware's oldest continuous business. Municipalities, contractors, small businesses, and farms are a few types of businesses that depend on Pratt Insurance to provide innovative and comprehensive coverage. Individuals can rest assured that your insurance needs are anticipated, customized and managed for the peace of mind you deserve. Pratt

What Benefits Does Pratt Insurance Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Pratt 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 Smyrna?

Understanding the cost of living near Smyrna is key to truly evaluating a salary offer or your current compensation at Pratt Insurance Inc.
Smyrna's Cost of Living Index is approximately 97.5 (2.5% less expensive than US average; 5.2% less than DE average). Kent County town, more affordable housing than northern DE. DART. When planning your budget based on a salary from Pratt Insurance Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Pratt Insurance Inc salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (DART 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,400 - $3,750+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Pratt Insurance Inc

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

The typical annual salary range for most roles at Pratt Insurance Inc is approximately from $84,497 to $108,587. 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 Pratt Insurance Inc pay compared to Tom Michael Insurance Agency?

The average annual salary at Pratt Insurance Inc is $96,039, or an hourly wage of $46, in comparison to Tom Michael Insurance Agency which pays $97,274 per year or $47 per hour.

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

Yes, salaries often differ between departments at Pratt 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 Pratt Insurance Inc?

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

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

6. What factors influence salary increases at Pratt Insurance Inc?

Salary increases at Pratt 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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