What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Claims Manager, Insurance Salary

Insurance Claims Managers in the United States are often veterans in their line of work, with somewhere between two-thirds and three-fourths bringing more than 10 years of experience to the table. Salaries slide in at $76K per year on average but can range from $40K to $114K per year. With some bonuses and profit sharing proceeds approaching $15K each, total incomes of Insurance Claims Managers generally range from $40K to $114K depending on individual performance. The most important factor affecting compensation for this group is the company, followed by career length and location. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Most Insurance Claims Managers like their work and job satisfaction is high. Women make up a slight majority of Insurance Claims Managers (51 percent) survey respondents. The information for this snapshot was generated by responses to the PayScale salary survey.

$43,011 - $108,426
(Median)
$43K
$76K
$110K
MEDIAN: $76,215
10%
50%
90%

Add this chart to your site: 640px    300px

$11.59 - $25.91
(Median)
$12
$18
$26
MEDIAN: $18.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$43,011 - $108,426  
   
Bonus
$0.00 - $14,730  
Profit Sharing
$602 - $14,373  
Commission
$0.00 - $14,348  
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).
)
$40,211 - $113,534  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 593
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
$11.59 - $25.91  
   
Overtime
$0.00 - $46.37  
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
$0.00 - $14,730  
   
Commission
$0.00 - $14,348  
Profit Sharing
$602 - $14,373  
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).
)
$40,211 - $113,534  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 46
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: 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


At the upper end, Insurance Claims Managers who move into a Claims Director role can end up with a hefty increase in pay. The average income for Claims Directors is a much higher $101K per year. A Claims Manager role is the most common promotion for Insurance Claims Managers moving up the ladder. Pay for this role tends to be $69K per year. Another typical, albeit less common, transition for Insurance Claims Managers is a Risk Management Manager position, where earnings are usually $84K.

Claims Manager, Insurance Job Listings

Search for more jobs:

Popular Employer Salaries for Claims Manager, Insurance


Although State Farm Insurance Company offers the highest salaries (median pay is $118K), survey participants reported a rather limited pay range of $85K to $147K.

Popular Skills for Claims Manager, Insurance


Survey takers who work as Insurance Claims Managers usually report a few specific skills. Most notably, skills in People Management, Insurance, Claim Handling, and Project Management are correlated to pay that is above average. Project Management, on the other hand, is typically associated with much 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 generally obtain higher compensation for more plentiful past experience. Salaries of relatively inexperienced workers fall in the neighborhood of $51K, but folks who have racked up five to 10 years see a notably higher median of $67K. People with 10 to 20 years of experience make an average of about $79K in this role. 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 $90K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Claims Manager, Insurance Salaries



National Average
$77,000



Skills That Affect Claims Manager, Insurance Salaries


Insurance
0%

National Average
$77,000

Claim Handling
up arrow 1%

Project Management
up arrow 26%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 160 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
0%
1-4 years
11%
5-9 years
18%
10-19 years
33%
20 years or more
37%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 77%
vision benefits Vision: 63% employee benefits None: 10%
ADVERTISEMENT