Account Manager, Insurance Salary

Slightly more than half 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 annually. Including potential for bonuses and profit sharing — peaking near $7K and $4K, respectively — total cash payment to Insurance Account Managers can bottom out near $33K or peak near $71K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. For the most part, Insurance Account Managers enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to a strong majority, and a majority earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$33,608 - $69,674

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$13.80 - $24.86

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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$24K$48K$72K
Salary
$33,608 - $69,674  
   
Bonus
$205.11 - $7,460  
Profit Sharing
$290.87 - $3,628  
Commission
$0.00 - $10,304  
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).
)
$32,749 - $70,503  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 574
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
$13.80 - $24.86  
   
Overtime
$11.33 - $38.93  
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
$205.11 - $7,460  
   
Commission
$0.00 - $10,304  
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).
)
$32,749 - $70,503  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 111
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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 seem to require a number of specific skills. Most notably, skills in Customer Relationship Management, Customer Relations, Account Management, 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. Insurance License and Microsoft Excel also typically command lower compensation. It is often found that people who know Customer Service are 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 with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $41K, but folks who have racked up five to 10 years see a notably higher median of $49K. 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.

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Experience Affects Account Manager, Insurance Salaries




National Average
$48,000


Skills That Affect Account Manager, Insurance Salaries

Customer Relationship Management (CRM)
up arrow 6%

National Average
$48,000

Insurance
up arrow 4%

Customer Relations
up arrow 4%

Account Management
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
92 %
Male
8 %

Years of Experience

Less than 1 year
2%
1-4 years
20%
5-9 years
22%
10-19 years
32%
20 years or more
23%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 63%
vision benefits Vision: 49% employee benefits None: 18%
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