Years of Experience
Average pay is $44K annually for those with five to nine years of experience. Broken down by tenure, the largest share of Auto-Owners Insurance Company employees (37 percent) have one to four years of experience and earn about $44K per year on average.
Earning around $56K annually on average, Claims Adjusters receive the most money, followed by Software Developers (approximately $53K), Field Representatives ($49K), and Marketing Representatives ($48K). Financial compensation for Claims Representatives is rather low — on average only around $41K — relative to the rest of the company.
When it comes to location, the highest average paycheck (about $52K per year) can be spotted in Atlanta, Ga.; the company's headquarter city of Lansing, Mich. ($50K), Montgomery, Ala. (approximately $47K), and Traverse City, Mich. ($43K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Troy, Mich. — at $41K, salaries are some of the lowest in the country. Across Auto-Owners Insurance Company's U.S. offices, employees in the state of Minnesota earn the most, taking home around $72K annually.
Certifications and Degrees
Claims Associates earn $52K per year, far more than their non-accredited counterparts. Licensed Claims Adjusters with credentials can live quite comfortably; median salaries come in at approximately $51K annually. Regarding salaries and education, Auto-Owners Insurance Company pays those with a Bachelor of Science in Bachelor of Science (BS / BSc) the most — $56K.
Benefits and Perks
Paid time off is hard to come by at Auto-Owners Insurance Company; the company rewards only 38 percent with paid vacation time and only a sixth of survey respondents with sick leave. With an eye toward the future, Auto-Owners Insurance Company offers several choices in retirement planning such as a 401(k) plan, a company pension plan, and a defined benefit retirement plan. Health insurance comes as part of the deal for almost all respondents, and most respondents report receiving dental coverage as well. Employees can also look forward to life insurance, tuition reimbursement, and a defined benefit retirement plan.