Account Manager, Insurance Salary

Insurance Account Managers in the United States tend to have a good amount of experience under their belt — just below three-fifths have more than 10 years in the field. While pay runs from $33K to $70K per year, median earnings come to $49K annually. In the world of Insurance Account Managers, total cash compensation ranges from $33K on the lower end to $70K on the higher end; this includes bonuses that reach $7K and profit sharing that approaches $4K in rare cases, with some high rollers snagging commissions as high as $10K. Location is the biggest factor affecting pay for this group, followed by tenure. A strong majority enjoy medical while the larger part get dental coverage. Vision coverage is also available to approximately one-half. The majority of workers are highly satisfied with their job. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Read More
$33,668 - $69,718
(Median)
$34K
$49K
$70K
MEDIAN: $49,278
10%
50%
90%

Add this chart to your site: 640px    300px

$13.76 - $24.64
(Median)
$14
$18
$25
MEDIAN: $18.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$33,668 - $69,718  
   
Bonus
$246.58 - $7,440  
Profit Sharing
$290.87 - $3,628  
Commission
$15.00 - $10,113  
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).
)
$32,717 - $70,396  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 562
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
$13.76 - $24.64  
   
Overtime
$11.23 - $39.18  
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
$246.58 - $7,440  
   
Commission
$15.00 - $10,113  
Profit Sharing
$290.87 - $3,628  
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).
)
$32,717 - $70,396  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 108
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:

Popular Skills for Account Manager, Insurance


Insurance Account Managers report using a wide range of professional skills. 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 familiar with Customer Service also tend to know 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 with a lot of experience do not necessarily enjoy more money. Salaries for the relatively untried average out to around $40K, but survey participants with five to 10 years of experience earn a significantly higher median of $49K. People with 10 to 20 years of experience make an average of about $51K in this role. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $54K, demonstrating that compensation is roughly commensurate with experience in the end.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Account Manager, Insurance Salaries




National Average
$48,000


Skills That Affect Account Manager, Insurance Salaries

Customer Relationship Management (CRM)
up arrow 6%

Account Management
up arrow 4%

National Average
$48,000

Insurance
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: 80% dental benefits Dental: 63%
vision benefits Vision: 48% employee benefits None: 18%
ADVERTISEMENT