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Account Manager, Insurance Salary

Insurance Account Managers in the United States with more than 10 years of experience in their profession represent just below three-fifths of Insurance Account Managers. Salaries average out to around $49K per year and spread from $33K to $70K per year. Total cash compensation for Insurance Account Managers runs from $33K to $70K depending on bonuses that can occasionally exceed $7K and profit sharing that can reach almost $5K. Geographic location and career length each impact pay for this group, with the former having the largest influence. Most Insurance Account Managers report high levels of job satisfaction. Medical benefits are awarded to a fair number, and more than half earn dental coverage. This report is based on answers to PayScale's salary questionnaire.
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$33,629 - $69,826
(Median)
$34K
$49K
$70K
MEDIAN: $49,085
10%
50%
90%

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$14.03 - $24.64
(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
$33,629 - $69,826  
   
Bonus
$206.08 - $7,440  
Profit Sharing
$309.13 - $4,848  
Commission
$-0.49 - $9,910  
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).
)
$32,920 - $69,839  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 522
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$13$26$39
Hourly Rate
$14.03 - $24.64  
   
Overtime
$11.33 - $38.93  
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$26K$52K$78K
Bonus
$206.08 - $7,440  
   
Commission
$-0.49 - $9,910  
Profit Sharing
$309.13 - $4,848  
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).
)
$32,920 - $69,839  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 98

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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

  • 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 report using a diverse set of skills 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. Those proficient in Customer Service are, more often than not, also skilled in Customer Relations.

Pay by Experience Level for Account Manager, Insurance

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


Insurance Account Managers do not generally earn higher incomes from more experience in the field. Workers in their first five years can expect to earn $41K, but people who have been around for five to 10 years earn a noticeably bigger sum of $50K. On average, Insurance Account Managers make $51K following one to two decades on the job. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $53K.

Related Job Salaries

United States (change)

Experience Affects Account Manager, Insurance Salaries




National Average
$48,000


Skills That Affect Account Manager, Insurance Salaries

Customer Relationship Management (CRM)
up arrow 4%

Account Management
up arrow 4%

National Average
$48,000

Insurance
up arrow 4%

Customer Relations
up arrow 4%

Sales
up arrow 6%


Microsoft Excel
up arrow 15%

Insurance License
up arrow 22%

Oral / Verbal Communication
up arrow 32%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 97 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
2%
1-4 years
20%
5-9 years
22%
10-19 years
32%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 63%
vision benefits Vision: 49% employee benefits None: 18%
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