Years of Experience
Average pay is approximately $40K per year for those with five to nine years of experience. The greater proportion of employees (32 percent) report one to four years of experience and bring home median pay of $43K annually.
When it comes to location, the highest average paycheck ($74K per year) can be spotted in Lansing, Mich.; Baton Rouge, La. (about $45K), Nashville, Tenn. (around $43K), and Laramie, Wyo. ($42K) are the next top-paying cities. Shreveport, La. is one of the lowest-paid cities, with earnings averaging approximately $31K. By state, the highest compensation levels appear in South Carolina, where the average salary is about $147K annually.
Insurance Agents rake in the most money, with average earnings of $36K per year.
Certifications and Degrees
Certified Public Accountants are compensated at a much higher rate than non-authorized workers, bringing in close to around $87K annually. Earning a Chartered Property Casualty Underwriter certification garners significant financial rewards of $81K per year on average. Farm Bureau Insurance Company compensates Bachelor's Degree-holders the most at $50K annually.
When it comes to skills, Claim Handling seems to bolster pay the most; employees who claim proficiency also enjoy a median income of approximately $54K per year. A skill that is commonly seen around here is Customer Service; nearly one in three deem it necessary for work. Insurance, Customer Relationship Management, and Office Management are also desirable skills.
Benefits and Perks
Farm Bureau Insurance Company lets only a third of survey participants take paid vacation and only 22 percent take sick leave. With an eye toward the future, Farm Bureau Insurance Company offers several choices in retirement planning such as a 401(k) plan, a company pension plan, and a defined benefit retirement plan. Perks cover health insurance for a majority of workers and dental coverage for roughly one-half of workers. Farm Bureau Insurance Company employees also enjoy perks such as life insurance, tuition reimbursement, and a defined benefit retirement plan.