Claims Adjuster Salary

Claims Adjusters in the United States pull down an average of $47K per year. Overall cash earnings for Claims Adjusters vary widely between $33K and $67K; for a few high rollers, the final number can encompass upwards of $6K each from bonuses and profit sharing proceeds. Geographic location is the biggest factor affecting pay for this group, followed by career length and the individual firm. Men working as Claims Adjusters who took the survey just slightly outnumber women at 51 percent. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a majority. Most Claims Adjusters report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.

$34,818 - $65,240
(Median)
$35K
$47K
$65K
MEDIAN: $46,961
10%
50%
90%

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$13.32 - $26.50
(Median)
$13
$18
$27
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$23K$46K$69K
Salary
$34,818 - $65,240  
   
Bonus
$0.00 - $5,728  
Profit Sharing
$498.00 - $5,761  
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).
)
$33,190 - $66,850  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,719
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$15$30$45
Hourly Rate
$13.32 - $26.50  
   
Overtime
$17.72 - $42.41  
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$30K$60K$90K
Bonus
$0.00 - $5,728  
   
Profit Sharing
$498.00 - $5,761  
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).
)
$33,190 - $66,850  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 323
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Job Description for Claims Adjuster

A claims adjustor is the point person for an insurance company when the company receives a claim. They normally travel to a location and inspect damage, make notes, and ask questions. The claims adjustor assesses information and make recommendations for how the insurance company proceeds in resolving the claim.

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Claims Adjuster Tasks

  • Compile information derived from correspondence with claimant, witnesses and medical specialists.
  • Negotiate settlement of claims, calculate and authorize payment of claim settlements in accordance with policy and coverage.
  • Investigate and analyze insurance claims to determine extent of insurance company's liability.

Common Career Paths for Claims Adjuster


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Claims Adjusters may experience a large salary bump if they progress into a role such as Senior Claims Adjuster. The latter position pays an average of $64K annually. As Claims Adjusters progress in their field, many go on to become Claims Examiners and Investigators. In fact, this transition is more common than anything else, and median pay for the role is $45K. Another common career choice for Claims Adjusters is to move into an Insurance Claims Supervisor role — this promotion usually pays $61K.

Insurance Claims Adjuster Job Listings

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Popular Employer Salaries for Claims Adjuster


Claims Adjusters flock to Progressive Casualty Insurance Company, State Farm Insurance Company, Geico, Farmers Insurance Group, and Liberty Mutual Insurance Group, highly regarded companies that employ a generous number of people in this profession. Claims Adjusters flock to The Travelers Companies, Inc. for generous paychecks, where average earnings of $58K lead the pack in compensation; however, The Travelers Companies, Inc. also provides employees with a wide spectrum of compensation ranging from $42K at one end to $85K at the other end. Claims Adjusters will also find cushy salaries at Metropolitan Life Insurance Company (MetLife) (+$55K), Liberty Mutual Insurance Group (+$53K), and Progressive Casualty Insurance Company (+$51K).

For Claims Adjusters, below-average salaries can be found at Esurance, Inc.; in fact, average earnings are around $42K, the lowest in the area, though the difference in the company's lowest and highest employee paychecks ($27K versus $64K) is great. Other low-paying employers include Geico at $43K and Nationwide Mutual Insurance Company at $44K, though some Claims Adjusters there earn up to $72K.

Popular Skills for Claims Adjuster


Survey results show that Claims Adjusters typically report just a few professional skills. Those who have experience with Negotiation, Claim Handling, and Customer Service can expect to be compensated well for these skills. For most people, competency in Claim Handling indicates knowledge of Negotiation.

Pay by Experience Level for Claims Adjuster

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


Claims Adjusters with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $42K, but folks who have racked up five to 10 years see a notably higher median of $50K. The average pay reported by folks with 10 to 20 years of experience is around $57K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $61K.

Pay Difference by Location


Claims Adjusters will find that Sacramento offers an impressive pay rate, one which exceeds the national average by 28 percent. Claims Adjusters will also find cushy salaries in Chicago (+12 percent), New York (+8 percent), Houston (+7 percent), and San Diego (+6 percent). Those in the field find the lowest salaries in Charlotte, 15 percent below the national average. Employers pay around 8 percent less in Miami and 7 percent less in Phoenix, below-median salaries for those in this field.

Claims Adjuster Reviews

What is it like working as a Claims Adjuster?

Claims Adjuster in Arlington Heights:
"It Is Different Everyday."
Pros: Fast paced working environment.
Cons: It takes a lot of patience.

Claims Adjuster in Florida:
"Can Manage And Run A Front Office."
Pros: Fast learner, hard worker. I am very focused and willing to learn.

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Experience Affects Claims Adjuster Salaries




National Average
$47,000


Skills That Affect Claims Adjuster Salaries

Negotiation
up arrow 4%

Claim Handling
up arrow 2%

National Average
$47,000

Customer Service
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 351 votes.

Gender

Female
49 %
Male
51 %

Years of Experience

Less than 1 year
10%
1-4 years
39%
5-9 years
24%
10-19 years
19%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 81%
vision benefits Vision: 68% employee benefits None: 9%
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