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Average Salary for Farm Bureau Insurance Company Employees

The average employee at Farm Bureau Insurance Company takes home $32K annually. Though how long you've been working and your job title are influential salary factors for those at Farm Bureau Insurance Company, where you live turns out to have the greatest impact on paycheck size. This report is based on responses to the PayScale salary survey.

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How This Employer Pays

Farm Bureau Insurance Company typically pays:
-7%
below market

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Employer: Farm Bureau Insurance Company
Average Salary Range by Job

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Locations

When it comes to location, the highest average paycheck (approximately $74K per year) can be spotted in Lansing, Mich.; Baton Rouge, La. (around $45K), Nashville, Tenn. ($43K), and Laramie, Wyo. (about $42K) are the next top-paying cities. Expected earnings are below average ($31K) in Shreveport, La., one of the lowest-paid cities. Pay rates in the United States are highest in the state of Michigan, where they average to $74K annually.

Years of Experience

Five to nine years of work experience seem to result in median wages of around $34K per year. The largest slice of the Farm Bureau Insurance Company workforce (30 percent) has been working for one to four years and earns, on average, $43K annually.

Jobs

Bringing in the most money are Insurance Agents — their earnings average $35K per year. Senior Customer Service Representatives are a close second at approximately $30K annually.

Certifications and Degrees

Certified Public Accountants have significantly higher pay than non-accredited workers at $87K per year. Chartered Property Casualty Underwriters also rank high on the pay scale, with expected average earnings of about $81K annually. It pays to have a Bachelor's Degree at Farm Bureau Insurance Company — these employees make the most at $50K per year.

Skills

In this position, it pays to have Claim Handling in your toolkit; employees who claim proficiency enjoy a higher median salary of approximately $54K annually. It's pretty common to find people here who know Customer Service; over a third consider it a key competency. Many workers usually know Insurance, Customer Relationship Management, and Office Management as well.

Benefits and Perks

Paid time off is hard to come by at Farm Bureau Insurance Company; the company rewards only 42 percent with paid vacation time and only one in three survey participants with sick leave. Farm Bureau Insurance Company workers get plenty of help saving for their golden years, with retirement savings options such as a 401(k) plan, a company pension plan, and a defined benefit retirement plan. A majority of workers report having health insurance, and about one-half report having dental coverage. Some other perks are life insurance, tuition reimbursement, and a defined benefit retirement plan.

Key Stats for Farm Bureau Insurance Company

Gender

Female
74 %
Male
26 %
Salary
$20,439 - $54,385
Salary
$42,282 - $80,178
Less than 1 year
6%
1-4 years
36%
5-9 years
23%
10-19 years
19%
20 years or more
17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
$30,000 - $57,133
United States (change)

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