Thrift Insurance Salary

Thrift Insurance Salary

How much does the Thrift Insurance Pay for employees?

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As of August 2026, the average annual salary for employees at Thrift Insurance in the United States is $88,941. This translates to an approximate hourly wage of $43. Salaries at Thrift Insurance typically range from $78,247 to $100,563 annually, reflecting the diverse roles and experience levels within the company. Thrift Insurance’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 Thrift Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at Thrift Insurance. 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 Thrift Insurance

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

Is Thrift Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Thrift Insurance’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
180k
150k
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90k
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Average Salary ($/year)
Thrift Insurance
Insurance
S Wolf and Associates
Rural Ag Insurance Services LLC
Industry Comparison
Our data shows that, on average, compensation at Thrift Insurance is below the average for the U.S. Insurance industry by approximately 28%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Thrift Insurance average annual salary with several similar companies. Thrift Insurance average salary of $88,941 is lower than S Wolf and Associates, which has an average salary of $95,997. It is lower than Rural Ag Insurance Services LLC, with their average salary at $96,198. This places Thrift Insurance in a developing 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 Thrift Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Thrift Insurance

Considering a career at Thrift Insurance? 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.
Working here has been a balanced experience. A great place to build a career. The large employee base means resources are available, though individual experiences may differ by team.
Commented in March 26, 2025
34
3
The company provides a balanced work environment with growth opportunities. The work environment is positive, and management is approachable. The workload is balanced, and overtime is rare. Working here has been fulfilling—the company truly values its employees.
Commented in March 01, 2025
45
1
The insurance industry can be fast-paced, but the team handles challenges well. The insurance sector can be demanding, but the support here makes it manageable. Strong ethics and employee-focused policies. The benefits package is competitive, and work-life balance is respected.
Commented in November 12, 2024
27
1

Thrift Insurance Overview

Website
www.thriftins.com
Founded In
1921
Employees
<25 employees
Industry
Insurance
Headquarter Address
720 Main St West Point Virginia VA 23181
Revenue
<$5 Million
Phone Number
+1 8048433500
Social Media
About Thrift Insurance
Thrift Insurance Corporation serves the insurance needs of West Point, VA and surrounding counties. Established in 1921 as W.E. Thrift and Company, the name was later changed to the Thrift Insurance Corporation. We offer all lines of personal and business insurance and represent many major insurers. Employees of Thrift Insurance Corporation have always been active in community activities. Jack Law

What Benefits Does Thrift Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Thrift Insurance 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 Richmond?

Understanding the cost of living near Richmond is key to truly evaluating a salary offer or your current compensation at Thrift Insurance.
Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). State capital, historic, arts/food scene, affordable housing. GRTC bus. When planning your budget based on a salary from Thrift Insurance, 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 Thrift Insurance salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (GRTC monthly 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 $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,440 - $3,790+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Thrift Insurance

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

The typical annual salary range for most roles at Thrift Insurance is approximately from $78,247 to $100,563. 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 Thrift Insurance pay compared to S Wolf and Associates?

The average annual salary at Thrift Insurance is $88,941, or an hourly wage of $43, in comparison to S Wolf and Associates which pays $95,997 per year or $46 per hour.

3. How does experience level affect salary at Thrift Insurance?

Experience level is a significant factor in determining salary at Thrift Insurance, 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 Thrift Insurance in Richmond is fair given the local cost of living?

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

5. What are the key factors that influence salary levels at Thrift Insurance?

Several key factors influence salary levels at Thrift Insurance. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Thrift Insurance likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.

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