Preferred Risk Agency LLC Salary

How much does the Preferred Risk Agency LLC Pay for employees?

As of August 2026, the average annual salary for employees at Preferred Risk Agency LLC in the United States is $103,149. This translates to an approximate hourly wage of $50. Salaries at Preferred Risk Agency LLC typically range from $90,756 to $116,635 annually, reflecting the diverse roles and experience levels within the company. Preferred Risk Agency LLC’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 Preferred Risk Agency LLC Pay for Different Roles?

Explore detailed salary information for specific jobs at Preferred Risk Agency LLC. 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.
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Current Job Openings at Preferred Risk Agency LLC

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

Is Preferred Risk Agency LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Preferred Risk Agency LLC’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)
Preferred Risk Agency LLC
Insurance
Tatje Insurance and Financial Products Inc
Masi Insurance Inc
Industry Comparison
Our data shows that, on average, compensation at Preferred Risk Agency LLC is below the average for the U.S. Insurance industry by approximately 17%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Preferred Risk Agency LLC average annual salary with several similar companies. Preferred Risk Agency LLC average salary of $103,149 is higher than Tatje Insurance and Financial Products Inc, which has an average salary of $87,654. It is higher than Masi Insurance Inc, with their average salary at $85,386. This places Preferred Risk Agency LLC in a competitive position among its peers.
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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.

Employee Reviews: Working at Preferred Risk Agency LLC

Considering a career at Preferred Risk Agency LLC? 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.
Training is adequate, though more specialized courses would be helpful. Colleagues are friendly and always willing to help. The leadership team is transparent, regularly sharing updates about company performance and future goals. It’s a fantastic place for insurance professionals looking for growth and stability.
The benefits package is robust, and work-life balance is respected. Friendly workplace, modern office. Training opportunities are plentiful, helping us stay ahead in the industry.
Technology tools are up-to-date, making daily tasks efficient. A company with fair policies. The team is talented and supportive, making collaboration easy. Management communicates expectations clearly, reducing uncertainty. The company operates efficiently with clear goals. The company operates smoothly, and the workload is manageable.

Preferred Risk Agency LLC Overview

Website
www.pra-llc.com
Founded In
2010
Employees
<25 employees
Industry
Insurance
Headquarter Address
26 Columbia Tpke Florham Park New Jersey NJ 07932
Revenue
<$5 Million
Phone Number
+1 9738456004
Social Media
About Preferred Risk Agency LLC
Preferred Risk Agency specializes in insurance placement, coverage, policy management and claims administration. Whether you are a small fleet owner-operator or an owner of a company looking to lower your insurance premiums through monthly reporting policies, we have the solution for you! Our insurance agency based in Florham Park, NJ excels in partnering with clients and developing their growth s

What Benefits Does Preferred Risk Agency LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Preferred Risk Agency LLC 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 Jersey City?

Understanding the cost of living near Jersey City is key to truly evaluating a salary offer or your current compensation at Preferred Risk Agency LLC.
Jersey City's Cost of Living Index is approximately 132.5 (32.5% more expensive than US average; 16.1% more than NJ average). Across from Manhattan, very high housing costs, excellent transit (PATH, Light Rail, Ferry). When planning your budget based on a salary from Preferred Risk Agency LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Preferred Risk Agency LLC salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $121 (PATH 30-day unlimited) / NJ Transit varies 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 $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,041 - $6,401+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Preferred Risk Agency LLC

1. What is the typical salary range (low to high) for most roles at Preferred Risk Agency LLC?

The typical annual salary range for most roles at Preferred Risk Agency LLC is approximately from $90,756 to $116,635. 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 Preferred Risk Agency LLC pay compared to Tatje Insurance and Financial Products Inc?

The average annual salary at Preferred Risk Agency LLC is $103,149, or an hourly wage of $50, in comparison to Tatje Insurance and Financial Products Inc which pays $87,654 per year or $42 per hour.

3. Do salaries differ significantly between departments at Preferred Risk Agency LLC?

Yes, salaries often differ between departments at Preferred Risk Agency LLC 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 Preferred Risk Agency LLC?

Experience level is a significant factor in determining salary at Preferred Risk Agency LLC, 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 Preferred Risk Agency LLC in Jersey City is fair given the local cost of living?

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

6. Why might an individual's actual salary at Preferred Risk Agency LLC differ from the ranges shown here?

An individual's actual salary at Preferred Risk Agency LLC 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.