Account Manager, Insurance Salary (United States)

Insurance Account Managers in the United States tend to be well-versed in their field, and more than half have more than 10 years of experience. Salary is expected to be around $48,144 per year, but may range from $32,259 to $69,097 per year. Including potential for bonuses, profit sharing and commission—peaking near $7,787, $3,750, and $11,132, respectively—total cash payment to Insurance Account Managers can bottom out near $33,163 or peak near $68,832. Geographic location is the biggest factor affecting pay for this group, followed by career length. The vast majority of folks in this line of work enjoy health insurance benefits; most receive both medical and dental insurance and about half get vision plans. The majority of Insurance Account Managers claim high levels of job satisfaction. This outline is derived from replies to PayScale's salary survey.
Account Manager, Insurance Salary (?
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.
)
$33,163 - $68,832
(Median)
33K
40K
49K
57K
69K
MEDIAN: $48,723
10%
25%
50%
75%
90%
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Account Manager, Insurance Salary (?
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.
)
$14.00 - $25.44
(Median)
14
18
21
25
MEDIAN: $18.00
10%
50%
75%
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
$33,163 - $68,832  
   
Bonus
$0.00 - $7,787  
Profit Sharing
$222.50 - $3,750  
Commission
$0.00 - $11,132  
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).
)
$32,259 - $69,097  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 295
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
$14.00 - $25.44  
   
Overtime
$0.00 - $41.35  
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
$0.00 - $7,787  
   
Commission
$0.00 - $11,132  
Profit Sharing
$222.50 - $3,750  
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).
)
$32,259 - $69,097  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 60
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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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Pay by Experience Level for Account Manager, Insurance

Median of all compensation (including tips, bonus, and overtime) by years of experience.
New salaries start at $39K and reach $49K in five to 10 years. Earnings total $51K after one to two decades. After two decades on the job, Insurance Account Managers' pay actually begins to decline, averaging $51K. The largest number of Insurance Account Managers have one to 10 years of experience, followed by those with 10 to 20 years. Workers who have been working for more than 20 years are the least common.

Pay Difference By Location

Los Angeles
up arrow 33%
Miami
up arrow 27%
Houston
up arrow 10%
Dallas
up arrow 4%
San Diego
up arrow 3%
National Average
$48,000
Denver
up arrow 13%
Larger circles over a city indicate a job is popular in that location.
For Insurance Account Managers, busy Los Angeles offers a higher-than-average pay rate, 33 percent above the national average. Other urban areas shelling out big bucks include Miami, Houston, Dallas, and San Diego, where Insurance Account Managers typically earn around 27 percent, 10 percent, 4 percent, and 3 percent more than usual. Denver is home to the smallest salaries in the field, lagging the national average by 13 percent.

Related Job Salaries

Experience Affects Account Manager, Insurance Salaries

Experienced
up arrow 7%
Late-Career
up arrow 7%
Mid-Career
up arrow 1%
National Average
$48,000
Entry-Level
up arrow 18%

Skills That Affect Account Manager, Insurance Salaries

Customer Relations
up arrow 19%
Sales
up arrow 14%
National Average
$48,000
Insurance
up arrow 4%
Customer Service
up arrow 4%
Insurance License
up arrow 22%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 61 votes.

Gender

Female
91%
female alumni
 
Male
9%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
24%
10-19 years
35%
20 years or more
23%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 62%
vision benefits Vision: 47% employee benefits None: 18%
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