Nearing the top of the pay scale are Claims Supervisors, Risk Control Consultants, Insurance Agents, and District Sales Managers; while the first receives the highest median pay at $94K annually, the other salaries come in at $70K, about $63K, and approximately $58K, respectively. Financial compensation for Commercial Property Insurance Underwriters is rather low — on average only $35K — relative to the rest of the company.
Years of Experience
Workers who have been with the company for more than one year but less than five can make around $50K per year on average. Five to nine years of work experience seem to result in median wages of $67K annually. The largest fraction of Erie Insurance Group people (30 percent) have been working for 10-19 years and earn around $67K per year on average.
When it comes to location, the highest average paycheck ($81K annually) can be spotted in Nashville, Tenn.; Washington, DC (about $67K), the company's headquarter city of Erie, Pa. (approximately $60K), and Charlotte, N.C. ($42K) are the next top-paying cities. Pay rates in the United States are highest in the state of Wisconsin, where they average to about $85K per year.
Certifications and Degrees
Being a Certified Six Sigma Green Belt certainly has its perks — salaries approach $80K annually and far exceed the paychecks of those without certification. Chartered Property Casualty Underwriters also rank high on the pay scale, with expected average earnings of around $70K per year. Erie Insurance Group provides the highest financial reward to those with a Bachelor's Degree — these employees rake in $71K annually.
When it comes to skills, employees who report Risk Management / Risk Control among their abilities seem to make the most, reporting a median income of approximately $85K per year. A common skill in Erie Insurance Group's work force is Customer Service; one-fourth of survey participants report using it on the job. Many workers are also familiar with Claim Handling, Negotiation, and People Management.
Benefits and Perks
One in three workers — the minority — enjoy both paid vacation and paid sick time. Those seeking to set aside retirement funds can rely on several savings options such as a 401(k) plan and a company pension plan. At Erie Insurance Group, most respondents have health insurance, and most workers have dental coverage. Perks also include a subsidized cell phone, life insurance, and company car / automobile.