Account Manager, Insurance Salary

Just under three-fifths of Insurance Account Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $33K to $71K per year, but median earnings come to around $49K per year. Total cash incomes of Insurance Account Managers run from $33K to $71K, depending on bonuses that can occasionally exceed $8K, profit sharing that reaches $5K, and some commissions of nearly $10K. Geography and career duration each impact pay for this group, with the former having the largest influence. For the most part, Insurance Account Managers enjoy their work and report high levels of job satisfaction. Among survey respondents, women are more common than men; 90 percent of Insurance Account Managers are female. A fair number report receiving medical coverage from their employers and a majority collect dental insurance. This report is based on answers to PayScale's salary questionnaire.
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$33,546 - $70,988
(Median)
$34K
$49K
$71K
MEDIAN: $49,147
10%
50%
90%

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$14.12 - $25.04
(Median)
$14
$18
$25
MEDIAN: $18.00
10%
50%
90%

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National Salary 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$24K$48K$72K
Salary
$33,546 - $70,988  
   
Bonus
$206.85 - $7,513  
Profit Sharing
$304.10 - $4,932  
Commission
$29.59 - $10,045  
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).
)
$32,899 - $70,965  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 471
National Hourly Rate 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$14$28$42
Hourly Rate
$14.12 - $25.04  
   
Overtime
$11.15 - $39.45  
National Annualized 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
Bonus
$206.85 - $7,513  
   
Commission
$29.59 - $10,045  
Profit Sharing
$304.10 - $4,932  
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).
)
$32,899 - $70,965  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 85

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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

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

Account Manager, Insurance Job Listings

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Popular Skills for Account Manager, Insurance


Insurance Account Managers generally report applying a varied skill set to their work. Most notably, skills in Customer Relationship Management, Sales, Customer Relations, and Insurance are correlated to pay that is above average. Those listing Oral / Verbal Communication as a skill should be prepared for drastically lower pay. Microsoft Excel and Insurance License also typically command lower compensation. Most people skilled in Customer Service are similarly competent in Customer Relations.

Pay by Experience Level for Account Manager, Insurance

Median of all compensation (including tips, bonus, and overtime) by years of experience.


More years of relevant experience do not necessarily translate to higher paychecks. Survey participants with less than five years' experience pocket $40K on average, but those with five to 10 years of experience enjoy a much bigger median of $50K. After working for 10 to 20 years, Insurance Account Managers make a median salary of $51K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $54K.

Related Job Salaries

United States (change)

Experience Affects Account Manager, Insurance Salaries

Late-Career
up arrow 10%



National Average
$49,000

Entry-Level
up arrow 17%

Skills That Affect Account Manager, Insurance Salaries

Customer Relationship Management (CRM)
up arrow 8%

Sales
up arrow 4%

National Average
$49,000

Insurance
up arrow 3%

Customer Relations
up arrow 3%

Account Management
up arrow 4%


Insurance License
up arrow 23%

Microsoft Excel
up arrow 26%

Oral / Verbal Communication
up arrow 31%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 94 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
24%
10-19 years
32%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 64%
vision benefits Vision: 49% employee benefits None: 18%