Years of Experience
Five to nine years of work experience seem to result in median wages of $42K. A typical employee has one to four years of experience and earns around $42K annually.
The highest average salaries go to Software Developers, who bring in close to about $54K, though Claims Adjusters are not far behind at $52K along with Insurance Claims Representatives ($44K) and Commercial Property Insurance Underwriters (approximately $41K). Claim Representatives are among the lowest paid at $35K.
When it comes to location, the highest average paycheck (around $53K per year) can be spotted in Montgomery; Columbia (approximately $49K), the company's headquarter city of Lansing ($48K), and Charlotte ($42K) are the next top-paying cities. Expected earnings are below average (about $37K) in Traverse City, one of the lowest-paid cities. Within the company, workers earn the highest salaries (an average of around $53K annually) in Alabama.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Chartered Property Casualty Underwriters, who make $54K. Salaries typically rise to approximately $47K per year for accredited Claims Associates. Those with a Bachelor of Science in General Business at Auto-Owners Insurance Company come out on top, and their salaries approach $48K annually.
Skill-wise, employees who report Java as part of the toolkit report the most money, earning about $56K on average. A relatively widespread skill at Auto-Owners Insurance Company is Customer Service; roughly two-fifths of employees use it for work. Claim Handling, Insurance, and Negotiation were also reported by many survey participants.
Benefits and Perks
Paid time off is scarce, with only about half of workers receiving paid vacation and roughly one in four workers receiving sick leave. Employees can save for retirement by joining one of several savings plans such as a 401(k) plan, a company pension plan, and a defined benefit retirement plan. Health insurance is part of the package for the vast majority of workers, and for almost all employees, dental coverage is too. Some other advantages of working at Auto-Owners Insurance Company are life insurance, a defined benefit retirement plan, and company car / automobile.