Claims Adjuster Salary

Claims Adjusters in the United States pull down an average of $47K per year. In the world of Claims Adjusters, total cash compensation can vary between $33K and $67K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $5K and $6K, respectively. The most important factor affecting compensation for this group is geography, followed by career length and the individual firm. Men make up a slight majority of Claims Adjusters (51 percent) who responded to the survey. Job satisfaction is reported as high by the vast majority of workers. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a majority. The information for this snapshot was generated by responses to the PayScale salary survey.

$34,984 - $65,374

Add this chart to your site: 640px    300px

$13.31 - $26.53

Add this chart to your site: 640px    300px

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$23K$46K$69K
Salary
$34,984 - $65,374  
   
Bonus
$0.00 - $5,416  
Profit Sharing
$498.67 - $5,748  
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).
)
$33,335 - $66,957  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,733
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$15$30$45
Hourly Rate
$13.31 - $26.53  
   
Overtime
$18.00 - $42.34  
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$30K$60K$90K
Bonus
$0.00 - $5,416  
   
Profit Sharing
$498.67 - $5,748  
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).
)
$33,335 - $66,957  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 331
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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.

Insurance Claims Adjuster Job Listings

Search for more jobs:

Popular Employer Salaries for Claims Adjuster


Claims Adjusters flock to Progressive Casualty Insurance Company, State Farm Insurance Company, Geico, Liberty Mutual Insurance Group, and Farmers 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 $59K lead the pack in compensation; however, The Travelers Companies, Inc. also provides employees with a wide spectrum of compensation ranging from $43K at one end to $85K at the other end. Also paying near the top of the field are Metropolitan Life Insurance Company (MetLife) at $54K, Liberty Mutual Insurance Group at $53K, and Progressive Casualty Insurance Company, where Claims Adjusters annually earn $51K.

Employees at Geico take home the smallest paychecks, and $43K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $35K and quickly nearing the top at only $54K. Other low-paying employers include Nationwide Mutual Insurance Company at $44K and Esurance, Inc. at $45K, though some Claims Adjusters there earn up to $65K.

Popular Skills for Claims Adjuster


Claims Adjusters only report a few specific skills. Most notably, skills in Investigation, Negotiation, Claim Handling, and Customer Service are correlated to pay that is above average. It is often found that people who know Claim Handling are also skilled in Negotiation.

Pay by Experience Level for Claims Adjuster

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


Experience does not seem to be a strong driver of pay increase in this role. Survey participants with less than five years' experience pocket $42K on average, but those with five to 10 years of experience enjoy a much bigger median of $50K. Claims Adjusters with one to two decades of relevant experience report an average salary of approximately $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


With a pay rate for Claims Adjusters that is 30 percent greater than the national average, Sacramento offers a comfortable salary for those in this profession. Claims Adjusters will also find cushy salaries in Chicago (+11 percent), New York (+8 percent), Houston (+7 percent), and San Diego (+6 percent). Falling short of the national average by 15 percent, the area with the worst salaries is Charlotte. Not at the bottom but still paying below the median are employers in Miami and Phoenix (7 percent less).

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.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Claims Adjuster Salaries




National Average
$47,000


Skills That Affect Claims Adjuster Salaries

Investigation
up arrow 9%

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 344 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: 69% employee benefits None: 10%
ADVERTISEMENT