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Average Salary for Farm Bureau Insurance Company Employees

An average Farm Bureau Insurance Company employee can expect to make $33K per year. Geography is the biggest factor affecting pay for Farm Bureau Insurance Company workers, followed by your experience level and your role at the company. 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
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
[-]Customer Service Representative (CSR) (8)
$16,332 - $33,641  
   
[-]Customer Service Representative (CSR) (8)
Total Pay$16,332 - $33,641  
   
[+]Insurance Agent (4)
$23,766 - $81,365  
   
[+]Insurance Agent (4)
Salary$24,310 - $72,803  
   
Bonus$57.67 - $7,561  
Total Pay$23,766 - $81,365  
[+]Senior Customer Service Representative (CSR) (3)
$22,067 - $47,554  
   
[+]Senior Customer Service Representative (CSR) (3)
Salary$23,494 - $47,003  
   
Total Pay$22,067 - $47,554  
[+]Insurance Agent Assistant (3)
$20,636 - $37,984  
   
[+]Insurance Agent Assistant (3)
Total Pay$20,636 - $37,984  
   
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 29 Mar 2015 | Individuals Reporting: 50

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Locations

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.

Jobs

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.

Skills

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.

Key Stats for Farm Bureau Insurance Company

Gender

Female
72 %
Male
28 %
Salary
$20,258 - $56,010
Salary
$42,282 - $80,178
Less than 1 year
4%
1-4 years
34%
5-9 years
24%
10-19 years
20%
20 years or more
18%

Job Satisfaction

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

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