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Claims Manager, Insurance Salary (United States)

Insurance Claims Managers in the United States with more than 10 years of experience in their profession represent somewhere between two-thirds and three-fourths of Insurance Claims Managers. Salaries average out to around $75K annually and spread from $40K to $110K per year. Overall cash earnings for Insurance Claims Managers vary widely between $40K and $110K; for a few high rollers, the final number can encompass upwards of $15K each from bonuses and profit sharing proceeds. Earnings for this group are mostly affected by career duration, followed by the specific employer and geography. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent. Work is enjoyable for Insurance Claims Managers, who typically claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
Claims Manager, Insurance Salary (?
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.
)
$44,580 - $105,000
(Median)
45K
59K
75K
90K
100K
MEDIAN: $75,217
10%
25%
50%
75%
90%
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Claims Manager, Insurance Salary (?
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.
)
$11.33 - $25.48
(Median)
11
18
20
25
MEDIAN: $17.00
10%
50%
75%
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$50K$100K$150K
Salary
$44,580 - $105,000  
   
Bonus
$29.36 - $14,515  
Profit Sharing
$618 - $14,940  
Commission
$0.00 - $13,750  
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).
)
$40,345 - $110,382  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 675
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$25$50$75
Hourly Rate
$11.33 - $25.48  
   
Overtime
$0.00 - $36.49  
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$50K$100K$150K
Bonus
$29.36 - $14,515  
   
Commission
$0.00 - $13,750  
Profit Sharing
$618 - $14,940  
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).
)
$40,345 - $110,382  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 52
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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.
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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

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Compensation may increase greatly for Insurance Claims Managers who advance to upper-end positions like Claims Director. Median pay for Claims Directors is $101K per year. The most common career progression for Insurance Claims Managers leads to becoming a Claims Manager, where pay is typically $70K. However, many Insurance Claims Managers also opt to become Risk Management Managers, a position that pays $84K on average.

Claims Manager, Insurance Job Listings

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Popular Employer Salaries for Claims Manager, Insurance

Salary cannot be beat at State Farm Insurance Company, where median pay comes to $119K. The range seems somewhat confined, however; the lower end sits at $85K, and the higher end is not far away at $147K.

Popular Skills for Claims Manager, Insurance

Insurance Claims Managers report a focused set of job skills. Those who have experience with People Management, Insurance, and Claim Handling can expect to be compensated well for these skills. Those educated in Claim Handling tend to be well versed 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 generally obtain higher compensation for more plentiful past experience. Salaries for the relatively untried average out to around $52K, but survey participants with five to 10 years of experience earn a significantly higher median of $67K. Insurance Claims Managers see a median salary of $80K after reaching one to two decades on the job. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $88K.

Pay Difference By Location

Los Angeles
up arrow 26%
New York
up arrow 20%
Nashville
up arrow 13%
Indianapolis
up arrow 13%
Phoenix
up arrow 8%
Atlanta
up arrow 7%
Cleveland
up arrow 1%
National Average
$76,000
Dallas
up arrow 4%
Chicago
up arrow 7%
Houston
up arrow 8%
Larger circles over a city indicate a job is popular in that location.
Surpassing the national average by 26 percent, Insurance Claims Managers in Los Angeles receive some of the highest pay in the country. Insurance Claims Managers can also look forward to large paychecks in cities like New York (+20 percent), Nashville (+13 percent), Indianapolis (+13 percent), and Phoenix (+8 percent). Those in the field find the lowest salaries in Houston, 8 percent below the national average. Below-median salaries also turn up in Chicago and Dallas (7 percent lower and 4 percent lower, respectively).

Related Job Salaries

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Experience Affects Claims Manager, Insurance Salaries

National Average
$76,000
Entry-Level
up arrow 32%

Skills That Affect Claims Manager, Insurance Salaries

Insurance
up arrow 2%
National Average
$76,000
Claim Handling
up arrow 1%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 197 votes.

Gender

Female
51%
female alumni
 
Male
49%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
11%
5-9 years
18%
10-19 years
33%
20 years or more
36%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 77%
vision benefits Vision: 62% employee benefits None: 10%