Merchants Insurance Group salaries

Q: Is the pay good at Merchants Insurance Group?

Yes, the pay is good at Merchants Insurance Group. Compared to the industry average of $60,616 per year, the average annual salary at Merchants Insurance Group is $69,441, which is 14.56% higher.

Q: What is the starting pay at Merchants Insurance Group?

The starting pay at Merchants Insurance Group is $36,000 per year, or $17.31 per hour.

Q: How much does Merchants Insurance Group pay an hour?

Merchants Insurance Group pays $33.39 an hour, on average.

Zippia score 3.8

Merchants Insurance Group salary estimate

$69,441yearly

$33.39 hourly rate

Entry-level salary

$36,000 yearly salary

Updated December 15, 2025

Understanding Salaries at Merchants Insurance Group

The average salary at Merchants Insurance Group is approximately $69,441 per year. This figure varies across different departments, with finance and sales positions typically offering the highest salaries. For instance, finance professionals may earn upwards of $80,000, while sales roles can also command competitive compensation. Additionally, salaries may differ based on geographic location and experience level, providing room for growth within the organization.

Employees frequently highlight the strong culture and support from management as contributing factors to job satisfaction. This combination of competitive pay and a positive work atmosphere makes Merchants Insurance Group a compelling choice for job seekers looking for stability and advancement.

Highest paying jobs at Merchants Insurance Group

The highest paying jobs at Merchants Insurance Group are corporate counsel, president and founder, marketing director, and business development director. Corporate counsel jobs at Merchants Insurance Group earn an average yearly salary of $165,971, Merchants Insurance Group president and founder jobs average $155,998, and Merchants Insurance Group marketing director jobs average $135,653.

The lowest paying Merchants Insurance Group roles include appointment setter and receptionist. Merchants Insurance Group appointment setter average salary is $28,606 per year. So while the average Merchants Insurance Group salary is $69,441 there is a big variation in pay depending on the role.

Highest paying jobs at Merchants Insurance Group

Rank	Job title	Average Merchants Insurance Group salary	Hourly rate
1	Corporate Counsel	$165,971	$79.79
2	President And Founder	$155,998	$75.00
3	Marketing Director	$135,653	$65.22
4	Business Development Director	$133,268	$64.07
5	Natural Gas Trader	$118,069	$56.76
6	Network Architect	$117,425	$56.45
7	Senior Programmer Analyst	$105,879	$50.90
8	Marketing Manager	$104,766	$50.37
9	Project Manager	$103,918	$49.96
10	Actuarial Internship	$100,127	$48.14
11	Management Consultant	$98,727	$47.46
12	Contractor Supervisor	$96,954	$46.61
13	Partner	$92,407	$44.43
14	Account Supervisor	$90,769	$43.64
15	Account Executive	$89,579	$43.07
16	Senior Underwriter	$86,940	$41.80
17	Commercial Lines Underwriter	$83,846	$40.31
18	Social Media Strategist	$83,029	$39.92
19	Product Specialist	$75,385	$36.24
20	Executive Assistant	$72,097	$34.66

Rate the fairness of Merchants Insurance Group's compensation policies.

Do you work at Merchants Insurance Group?

Did Merchants Insurance Group's compensation package meet your expectations?

Merchants Insurance Group salaries by department

Salaries at Merchants Insurance Group vary depending on the department you work in. Merchants Insurance Group salaries in the corporate management department are the highest with an average salary of $144,720. Employees in the business development department at Merchants Insurance Group receive relatively high salaries as well, with an average salary of $106,239 per year. Departments that don't pay as well at Merchants Insurance Group include the retail and the customer service organizational functions, with employees earning average salaries of $41,336 and $41,997, respectively.

Average Merchants Insurance Group salary by department

Rank	Department	Average Merchants Insurance Group salary	Hourly rate
1	Corporate Management	$144,720	$69.58
2	Business Development	$106,239	$51.08
3	Engineering	$100,757	$48.44
4	Research & Development	$86,791	$41.73
5	IT	$83,030	$39.92
6	Legal	$81,328	$39.10
7	Marketing	$76,869	$36.96
8	Plant/Manufacturing	$76,022	$36.55
9	Finance	$70,936	$34.10
10	Sales	$65,230	$31.36
11	Accounting	$57,976	$27.87
12	Administrative	$47,503	$22.84
13	Customer Service	$41,998	$20.19
14	Retail	$41,337	$19.87

How much does Merchants Insurance Group pay by department?

Best paying Merchants Insurance Group finance salaries

Rank	Position	Average Merchants Insurance Group salary	Hourly rate
1	Controller/Finance Manager	$140,601	$67.60
2	Natural Gas Trader	$118,069	$56.76
3	Actuarial Internship	$100,127	$48.14
4	Mutual Fund Manager	$90,189	$43.36
5	Senior Underwriter	$86,940	$41.80
6	Commercial Lines Underwriter	$83,846	$40.31
7	Production Analyst	$82,960	$39.88
8	Loss Control Representative	$76,675	$36.86
9	Investment Banking Internship	$70,466	$33.88
10	Claim Specialist	$69,351	$33.34
11	Finance Specialist	$58,086	$27.93
12	Claims Adjuster	$56,902	$27.36
13	Claims Representative	$43,560	$20.94
14	Underwriting Technician	$38,301	$18.41
15	Commercial Energy Rater	$36,123	$17.37

Best paying Merchants Insurance Group sales salaries

Rank	Position	Average Merchants Insurance Group salary	Hourly rate
1	General Sales Manager	$123,222	$59.24
2	Account Executive	$89,579	$43.07
3	Territory Manager	$74,727	$35.93
4	Account Representative	$40,756	$19.59
5	Inside Sales Representative	$40,660	$19.55
6	Commercial Lines Assistant	$33,953	$16.32

Best paying Merchants Insurance Group administrative salaries

Rank	Position	Average Merchants Insurance Group salary	Hourly rate
1	Billing Supervisor	$81,810	$39.33
2	Executive Assistant	$72,097	$34.66
3	Accountant And Office Manager	$65,271	$31.38
4	General Internship	$62,257	$29.93
5	Bookkeeper	$44,710	$21.50
6	Administrative Assistant	$44,114	$21.21
7	Typist	$39,287	$18.89
8	Executive Secretary	$37,813	$18.18
9	Administrator Secretary	$36,350	$17.48
10	Room Clerk	$33,746	$16.22
11	Data Entry Specialist	$31,844	$15.31
12	Data Entry Clerk	$31,050	$14.93
13	Receptionist	$30,720	$14.77

Merchants Insurance Group competitors’ average salaries

Average salaries at Merchants Insurance Group competitors, like Transatlantic Holdings, Inc., Gen Re, and Global Indemnity Group, vary. Transatlantic Holdings, Inc. employees earn the highest salaries, with an average yearly salary of $83,088. The average salary at Gen Re is $80,990 per year, and the average salary at Global Indemnity Group is $69,142 per year.

Highest paying Merchants Insurance Group competitors

Rank	Company name	Zippia score	Average salary
1	Transatlantic Holdings, Inc.	4.8	$83,088
2	Gen Re	4.8	$80,990
3	Global Indemnity Group	4.4	$69,142
4	Erie Insurance	4.6	$67,408
5	Penn Mutual	4.8	$67,045
6	The Travelers Companies	4.4	$66,351
7	Chubb	4.3	$65,349
8	Great American Financial Resources	4.0	$64,130
9	RLI	4.8	$61,667
10	AmWINS Group	4.8	$59,913
11	Seibels	4.2	$59,374
12	FedNat	4.1	$59,310
13	UFG Insurance	4.7	$57,410
14	Insurance Service Center	3.9	$54,805
15	Allianz Global Corporate & Specialty	4.5	$54,298
16	Unico American Corporation	4.3	$54,009
17	Nodak Insurance	3.7	$50,259
18	Progressive	4.4	$50,229
19	GEICO	4.1	$44,417
20	Farmers Insurance	4.4	$43,125

Recently added Merchants Insurance Group salaries

Job	Location	Date added	Salary
Regional Underwriting Manager	Buffalo, NY	05/26/2025	$100,000
Litigation Claims Adjuster	Buffalo, NY	05/25/2025	$69,000
Territory Manager	Buffalo, NY	03/23/2025	$85,000
Information Technology Software Development Intern	Buffalo, NY	03/19/2025	$35,479
Billing/Customer Service Representative	Buffalo, NY	03/19/2025	$33,000

Frequently asked questions about Merchants Insurance Group salaries

Is the pay good at Merchants Insurance Group?

What is the starting pay at Merchants Insurance Group?

How much does Merchants Insurance Group pay an hour?

Have more questions? See all answers to common company questions.

Search for jobs

Companies
New York
Buffalo, NY
Merchants Insurance Group
Merchants Insurance Group Salaries

Updated December 15, 2025

Zippia gives an in-depth look into the details of Merchants Insurance Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Merchants Insurance Group. The employee data is based on information from people who have self-reported their past or current employments at Merchants Insurance Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Merchants Insurance Group. The data presented on this page does not represent the view of Merchants Insurance Group and its employees or that of Zippia.

Merchants Insurance Group may also be known as or be related to Merchants Group Inc, Merchants Insurance Group and Merchants Mutual Ins Co.