Claims Supervisors earn the highest median pay at $99K annually, followed by Risk Control Consultants ($77K), Software Engineers (around $63K), and Claims Adjusters (about $50K). Financial compensation for Commercial Property Insurance Underwriters is rather low — on average only approximately $35K — relative to the rest of the company.
Years of Experience
Average pay is $50K per year for those with five to nine years of experience. Workers who have been with the company for more than one year but less than five can make about $49K annually on average. When we consider tenure, a substantial portion of employees (29 percent) have been working for 10-19 years and make $60K per year on average.
Residents of the company's headquarter city of Erie, Pa. pick up paychecks that are higher than any other city — the median salary is $52K annually; other top-paying cities include Pittsburgh, Pa. (approximately $52K) and Charlotte, N.C. (around $42K). Across Erie Insurance Group's U.S. offices, employees in the state of Wisconsin earn the most, taking home $89K per year.
Certifications and Degrees
Associate in General Insurance Certifications are compensated at a much higher rate than non-authorized workers, bringing in close to $73K annually. Risk Management Associates with credentials can live quite comfortably; median salaries come in at about $69K per year. Erie Insurance Group workers who hold a Bachelor of Science in Bachelor of Science (BS / BSc) are also well compensated, earning $61K on average.
The highest-paying skill to have in this role seems to be People Management; employees claiming this as part of the toolbox earn a median of approximately $94K annually. It's pretty common to find people here who know Customer Service; about a fourth consider it a key competency. Key skills also include Claim Handling, Insurance, and Negotiation.
Benefits and Perks
When it comes to employee benefits, Erie Insurance Group has room for improvement — only 31 percent are paid for vacation and sick time. With an eye toward the future, Erie Insurance Group offers several choices in retirement planning such as a 401(k) plan and a company pension plan. At Erie Insurance Group, a solid majority of employees have health insurance, and a solid majority of workers have dental coverage. Additional benefits of working here are a subsidized cell phone, life insurance, and tuition reimbursement.