Vela Insurance Services LLC Salary

Vela Insurance Services LLC Salary

How much does the Vela Insurance Services LLC Pay for employees?

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As of August 2026, the average annual salary for employees at Vela Insurance Services LLC in the United States is $112,442. This translates to an approximate hourly wage of $54. Salaries at Vela Insurance Services LLC typically range from $98,865 to $127,280 annually, reflecting the diverse roles and experience levels within the company. Vela Insurance Services 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 Vela Insurance Services LLC Pay for Different Roles?

Explore detailed salary information for specific jobs at Vela Insurance Services 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 Vela Insurance Services LLC

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

Is Vela Insurance Services LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Vela Insurance Services 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
180k
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Average Salary ($/year)
Vela Insurance Services LLC
Insurance
Avisena Inc
SmithRx
Industry Comparison
Our data shows that, on average, compensation at Vela Insurance Services LLC is below the average for the U.S. Insurance industry by approximately 9%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Vela Insurance Services LLC average annual salary with several similar companies. Vela Insurance Services LLC average salary of $112,442 is higher than Avisena Inc, which has an average salary of $97,210. It is lower than SmithRx, with their average salary at $122,578. This places Vela Insurance Services LLC 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 Vela Insurance Services LLC's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Vela Insurance Services LLC

Considering a career at Vela Insurance Services 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.
A company with good job security. Work-life balance is prioritized, and managers are understanding of personal needs. It allows for thorough work without excessive pressure. The culture is positive, and teamwork is encouraged.
Commented in April 08, 2025
42
3
Compensation is fair, and the benefits package is strong. Managers are supportive and recognize hard work. The office environment is comfortable, and processes are efficient. I see myself growing here long-term. Mental health resources are available, and managers encourage a healthy work-life balance. Training programs are thorough, though some systems could use updating. The role is structured, a...
Commented in November 22, 2024
41
2
A stable employer for professionals. The company invests in training, helping employees stay updated with industry trends. Benefits are competitive, and there are regular opportunities for skill-building. The company invests in technology, making daily tasks more efficient.
Commented in January 08, 2024
30
2

Vela Insurance Services LLC Overview

Website
www.vela-ins.com
Founded In
1997
Employees
100 - 200 employees
Industry
Insurance
Headquarter Address
725 S Figueroa St Los Angeles California CA 90017
Revenue
$10 Million - $50 Million
Phone Number
+1 8778352467
Social Media
About Vela Insurance Services LLC
Vela Insurance Services is a casualty insurance provider that offers a range of commercial casualty and professional liability insurance solutions. The company was formed in 1996 and is headquartered in Chicago, Illinois.

What Benefits Does Vela Insurance Services LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Vela Insurance Services 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 Los Angeles?

Understanding the cost of living near Los Angeles is key to truly evaluating a salary offer or your current compensation at Vela Insurance Services LLC.
Los Angeles' Cost of Living Index is approximately 173.3 (73.3% more expensive than US average; 23.9% more than CA average). Driven by extremely expensive housing, high transportation costs, and above-average goods/services. When planning your budget based on a salary from Vela Insurance Services 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 Vela Insurance Services LLC salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $100 (Metro TAP card varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,050 - $6,450+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Vela Insurance Services LLC

1. How much does a Vela Insurance Services LLC employee make?

Vela Insurance Services LLC pays its employees an average of $112,442 per year. The average salary at Vela Insurance Services LLC range from $98,865 to $127,280 per year. 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. Which similar company tend to pay more or less than Vela Insurance Services LLC?

The salary at Vela Insurance Services LLC is higher than the similar company. The average annual salary at Vela Insurance Services LLC is $112,442, or an hourly wage of $54, in comparison to Avisena Inc which pays $97,210 per year or $47 per hour.

3. How much does a President typically earn at Vela Insurance Services LLC?

A President at Vela Insurance Services LLC typically earns an average annual base salary of around $870,397, with a general range of $665,858 to $1,098,130.

4. Do employees with advanced degrees (Master's, PhD) earn more at Vela Insurance Services LLC?

In many roles at Vela Insurance Services LLC, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Los Angeles affect the perceived value of a Vela Insurance Services LLC salary?

Los Angeles' Cost of Living Index is approximately 173.3 (73.3% more expensive than US average; 23.9% more than CA average). This significantly impacts the purchasing power of a salary from Vela Insurance Services LLC based there. Our "Cost of Living Insights for Los Angeles" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Vela Insurance Services LLC typically offer employees?

Vela Insurance Services LLC generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Vela Insurance Services LLC" section on this page.

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