More than two-thirds of Insurance Claims Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $41K to $119K per year, but median earnings come to around $77K annually. Total cash earnings of Insurance Claims Managers range from $41K on the low end to $119K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $17K and $10K, respectively. Compensation for this group is mainly affected by the specific employer, but geography and tenure are influential factors as well. Women Insurance Claims Managers who took the survey just slightly outnumber men. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Work is enjoyable for Insurance Claims Managers, who typically claim high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$44,676 - $110,143
(Median)
$45K
$77K
$110K
MEDIAN: $76,928
10%
50%
90%

Add this chart to your site: 640px    300px

$11.94 - $28.76
(Median)
$12
$17
$29
MEDIAN: $17.00
10%
50%
90%

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$50K$100K$150K
Salary
$44,676 - $110,143  
   
Bonus
$981 - $17,057  
Profit Sharing
$0.00 - $10,174  
Commission
$15,000  
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).
)
$40,932 - $118,903  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 353
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$25$50$75
Hourly Rate
$11.94 - $28.76  
   
Overtime
$16.61 - $49.81  
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$50K$100K$150K
Bonus
$981 - $17,057  
   
Commission
$15,000  
Profit Sharing
$0.00 - $10,174  
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).
)
$40,932 - $118,903  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 38
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Job Description for Claims Manager, Insurance

An insurance claims manager work with the claims adjusters to ensure that the all insurance claims are handled correctly. They review each adjuster's work periodically and check to make sure the final adjustment before the claim has been completed correctly. While often not involved in the day-to-day operations of claim adjusting, insurance claims managers are ultimately responsible for the work completed by the adjustors that they supervise; this includes ensuring that employees are following all company guidelines.

Read More...

Claims Manager, Insurance Tasks

  • Investigates out of guidelines inquiries, and ensures compliance to procedures, proper services and settlement of claims.
  • Report metrics, and assists senior management in developing and establishing policies and procedures.
  • Manages the claims activity for a business unit.
  • Oversees investigations and consultations with legal counsel.

Common Career Paths for Claims Manager, Insurance


Add this chart to your site:   640px 640px    300px 300px


There are some Insurance Claims Managers — though it's uncommon — that transition into Vice President (VP), Claimss, where earnings are an average $144K annually. A Claims Manager role is the most prevalent career advancement for Insurance Claims Managers. Paychecks for that role are $70K on average. The Claims Director position is another common transition for Insurance Claims Managers; in this role, salaries are typically at the $102K mark.

Claims Manager, Insurance Job Listings

Search for more jobs:

Popular Employer Salaries for Claims Manager, Insurance


Employees of State Farm Insurance Company can expect to make the most, with the company offering a median salary of $112K; however, pay is widely dispersed from bottom to top, ranging from $72K to $148K.

Popular Skills for Claims Manager, Insurance


Insurance Claims Managers seem to require a number of specific skills. Most notably, skills in Negotiation, People Management, Claim Handling, and Insurance are correlated to pay that is above average. Those listing Project Management as a skill should be prepared for drastically lower pay. Most people skilled in Claim Handling are similarly competent in People Management.

Pay by Experience Level for Claims Manager, Insurance

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


Insurance Claims Managers with a lot of experience tend to enjoy higher earnings. The average worker who claims fewer than five years of experience earns around $49K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $71K. On average, Insurance Claims Managers make $80K following one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $92K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $77,140

Larger city markers indicate a job is popular in that location.

For Insurance Claims Managers, working in the bustling city of Los Angeles has its advantages, including an above-average pay rate. Insurance Claims Managers can also look forward to large paychecks in cities like Dallas (+26 percent), Boston (+24 percent), Chicago (+23 percent), and New York (+16 percent). Insurance Claims Managers in Denver report much lower salaries than the rest of the country — 26 percent below the national average — proving that residence is a major factor in overall pay. Houston and Cincinnati are a couple other places where companies are known to pay below the median — salaries are 11 percent lower and 6 percent lower, respectively.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Experience Affects Claims Manager, Insurance Salaries



National Average
$77,000



Skills That Affect Claims Manager, Insurance Salaries

People Management
up arrow 4%

Negotiation
up arrow 4%

Claim Handling
up arrow 1%

Insurance
0%

National Average
$77,000

Project Management
up arrow 26%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 67 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
14%
10-19 years
35%
20 years or more
34%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 77%
medical benefits
Vision: 71%
dental benefits
None: 11%
ADVERTISEMENT