Account Manager, Insurance Salary

Insurance Account Managers in the United States with more than 10 years of experience in their profession represent over one-half of Insurance Account Managers. Salaries average out to around $47K annually and spread from $33K to $67K per year. Including potential for bonuses, profit sharing and commission — peaking near $6K, $4K, and $10K, respectively — total cash payment to Insurance Account Managers can bottom out near $33K or top out at around $67K. Residence is the biggest factor affecting pay for this group, followed by the specific employer and experience level. Most Insurance Account Managers report high levels of job satisfaction. While some workers in this profession — just over a fifth — do not have any health coverage, a strong majority do receive medical benefits and a little more than half have dental insurance. The vast majority of Insurance Account Managers (90 percent) who responded to the survey are women. This overview is based on answers to PayScale's salary questionnaire.
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$34,101 - $67,438
$34K
$47K
$67K
MEDIAN: $47,006
10%
50%
90%

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$13.58 - $24.87
$14
$18
$25
MEDIAN: $18.13
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$23K$46K$69K
Salary
$34,101 - $67,438  
   
Bonus
$504 - $5,913  
Profit Sharing
$588 - $4,127  
Commission
$0.00 - $10,213  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,653 - $67,402  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 599
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$13.58 - $24.87  
   
Overtime
$22.57 - $37.92  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$504 - $5,913  
   
Commission
$0.00 - $10,213  
Profit Sharing
$588 - $4,127  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,653 - $67,402  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 145

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United States (change)

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Job Description for Account Manager, Insurance

Account managers in the insurance industry are found in a variety of insurance firms, from small insurance companies to large nationwide dealers. Most positions do not have defined educational requirements, but many do list a bachelor’s degree as being preferred. However, many positions require relevant experience in the field, though the exact amount varies by company and position. Other requirements include licenses specific to the type of insurance practice and location of the job.

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Account Manager, Insurance Tasks

  • Review, manage and grow assigned portfolio of accounts.
  • Send, receive, and file paperwork and forms and complete associated administrative tasks.
  • Update and maintain files, databases, and contact lists.
  • Provide information on updates and revisions to regulations and policies.
  • Work with clients and producers to update and audit accounts.

Account Manager, Insurance Job Listings

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Popular Employer Salaries for Account Manager, Insurance


Although Hub International, Inc. boasts the highest average salary in town at $55K, employee compensation still varies greatly — workers can make as little as $40K or as much as $78K.

While select State Farm Insurance Company employees may bring in up to $46K, a median salary of only $33K — the lowest in the field — suggests a serious lag in the earnings department.

Popular Skills for Account Manager, Insurance


Insurance Account Managers report using a pretty varied skill set on the job. Most notably, skills in Customer Relationship Management, Account Management, Insurance, and Customer Relations are correlated to pay that is above average. Those listing Oral / Verbal Communication as a skill should be prepared for drastically lower pay. Insurance License and Microsoft Excel also typically command lower compensation. Most people who know Customer Service also know Customer Relations.

Pay by Experience Level for Account Manager, Insurance

Pay by Experience for an Account Manager, Insurance has a positive trend. An entry-level Account Manager, Insurance with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 248 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Account Manager, Insurance with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 201 salaries. An experienced Account Manager, Insurance which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $49,000 based on 254 salaries. An Account Manager, Insurance with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $53,000 based on 175 salaries.

Pay Difference by Location

National Average: $46,360

Larger city markers indicate a job is popular in that location.

New York offers some of the highest pay in the country for Insurance Account Managers, 45 percent above the national average. Insurance Account Managers can also look forward to large paychecks in cities like San Diego (+24 percent), Houston (+23 percent), Chicago (+22 percent), and Columbus (+22 percent). Charlotte is home to the smallest salaries in the field, lagging the national average by 12 percent.

Related Job Salaries

Key Stats for Account Manager, Insurance

Gender

Female
90 %
Male
10 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 118 votes.
Less than 1 year
2%
1-4 years
25%
5-9 years
20%
10-19 years
29%
20 years or more
24%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Account Manager, Insurance Salaries

▲14%

▲5%

National Average
$46,000

▼1%

▼11%

Skills That Affect Account Manager, Insurance Salaries

Customer Relationship Management (CRM)
▲10%


Insurance
▼0%

Customer Relations
▼0%

National Average
$46,000


▼4%

Microsoft Excel
▼11%

Insurance License
▼19%

Oral / Verbal Communication
▼28%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 118 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
20%
10-19 years
29%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 55%
vision benefits
Vision: 46%
no benefits
None: 22%