When it comes to location, the highest average paycheck (approximately $74K annually) can be spotted in Lansing, Mich.; Baton Rouge, La. (about $45K), Nashville, Tenn. ($43K), and Laramie, Wyo. ($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 around $74K per year.
Years of Experience
Those who have five to nine years of work experience see average salaries of approximately $34K annually. The greater proportion of employees (31 percent) report one to four years of experience and bring home median pay of $43K per year.
Insurance Agents are awarded the highest paychecks, with average compensation nearing around $35K annually; Senior Customer Service Representatives are next on the list, bringing in close to about $30K per year.
Certifications and Degrees
Being a Certified Public Accountant certainly has its perks — salaries approach $87K annually and far exceed the paychecks of those without certification. Acquiring certification to be a Chartered Property Casualty Underwriter is rewarded with median pay of $81K per year. The highest-paying degree here is a Bachelor's Degree; Farm Bureau Insurance Company awards $50K to these degree-holders.
The best-paying skill to have in this role appears to be Claim Handling; employees who claim this ability report median compensation of around $54K annually. Customer Service is regularly seen around here; about two-fifths of those surveyed report it as a core competency. Key skills also include Insurance, COBOL, and Office Management.
Benefits and Perks
42 percent receive paid vacation, and only a third of respondents get sick leave. Workers who save for retirement get lots of help because the company offers a number of savings programs including a 401(k) plan, a company pension plan, and a defined benefit retirement plan. The larger part of workers report having health insurance, and close to one-half report having dental coverage. Employees can also look forward to life insurance, tuition reimbursement, and a defined benefit retirement plan.