When it comes to location, the highest average paycheck (approximately $64K per year) can be spotted in Montgomery, Ala.; the company's headquarter city of Lansing, Mich. ($51K), Atlanta, Ga. ($48K), and Newnan, Ga. (around $43K) are the next top-paying cities. Columbia, Mo. is near the bottom for pay at about $37K. Across its U.S. offices, the state of Utah pays Auto-Owners Insurance Company the most — $54K annually on average.
Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to approximately $48K per year. The greater proportion of employees (39 percent) report one to four years of experience and bring home median pay of $49K annually.
Claims Adjusters represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at around $57K per year — though Software Developers, Insurance Underwriters, and Claim Representatives also do fairly well at about $52K, $50K, and $45K, respectively. Near the bottom at Auto-Owners Insurance Company are Claims Representatives, pulling in an average of just $41K.
Certifications and Degrees
Chartered Property Casualty Underwriters receive bigger paychecks ($58K annually) than those without credentials. Acquiring certification to be a Claims Associate is rewarded with median pay of around $53K per year. Those with a Master of Science (MS) at Auto-Owners Insurance Company come out on top, and their salaries approach about $53K annually.
Benefits and Perks
Paid time off is in short supply here, with only 43 percent receiving paid vacation and one in five workers receiving paid sick days. Workers can easily stock up on retirement savings by participating in several options such as a 401(k) plan and a company pension plan. At Auto-Owners Insurance Company, a large number of workers have health insurance, and most survey participants have dental coverage. Auto-Owners Insurance Company employees also enjoy perks such as life insurance, tuition reimbursement, and flexible hours.