When it comes to location, the highest average paycheck (approximately $123K per year) can be spotted in Milwaukee, Wisc.; Reading, Pa. ($71K), Peoria, Ill. (around $65K), and the company's headquarter city of Erie, Pa. (about $52K) are the next top-paying cities. By state, the highest compensation levels appear in Wisconsin, where the average salary is $88K annually.
Claims Supervisors earn the highest median pay at $95K per year, followed by District Sales Managers (about $67K), Senior Claims Adjusters (around $67K), and Insurance Claims Adjusters ($57K). Insurance Underwriters at Erie Insurance Group do not see much in the way of financial compensation and represent one of the lower-paid positions ($46K on average) at the company.
Years of Experience
Five to nine years of work experience seem to result in median wages of $50K annually. Between the one and five year mark, median pay is approximately $48K per year. The largest slice of the Erie Insurance Group workforce (25 percent) has been working for 20 years or more and earns, on average, around $74K annually.
Certifications and Degrees
Licensed Property & Casualty Insurance Agents have significantly higher pay than non-accredited workers at $74K per year. The highest-paying degree here is a Master of Business Administration (MBA), Finance; Erie Insurance Group awards $111K to these degree-holders.
When it comes to skills, People Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $83K annually. Claim Handling is a popular skill among Erie Insurance Group workers, with slightly less than a third of those surveyed reporting using it on the job. Many workers are also familiar with Insurance, Negotiation, and Customer Service.
Benefits and Perks
Those seeking to set aside retirement funds can rely on several savings options such as a 401(k) plan and a company pension plan. Perks cover health insurance for most workers and dental coverage for a large number of employees. The company also dishes out perks such as a casual working environment, a company cell phone, company car / automobile, and life insurance.