Claims Manager Salary (United States)

Claims Managers who are practiced in their profession and carry more than 10 years of experience make up slightly less than two-thirds of Claims Managers. Pay fluctuates from $40,548 to $103,656 per year, but expected earnings average $70,464 annually. Location and years of experience each impact pay for this group, with the former having the largest influence. The greater part enjoy medical while the greater part get dental coverage in this occupation. Vision coverage is also available to a majority. Women Claims Managers just slightly outnumber men in the field. For the most part, Claims Managers enjoy their work and report high levels of job satisfaction. The figures in this overview are derived from responses to the PayScale salary survey.
Claims Manager 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.
)
$43,218 - $98,541
(Median)
43K
53K
70K
84K
99K
MEDIAN: $70,243
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Claims Manager 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.
)
$10.17 - $32.03
(Median)
10
14
18
24
32
MEDIAN: $18.00
10%
25%
50%
75%
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
$43,218 - $98,541  
   
Bonus
$0.00 - $11,792  
Profit Sharing
$1,174 - $17,362  
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).
)
$40,548 - $103,656  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 485
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
$10.17 - $32.03  
   
Overtime
$12.82 - $45.53  
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 - $11,792  
   
Profit Sharing
$1,174 - $17,362  
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).
)
$40,548 - $103,656  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 44
Is Claims Manager your job title? Get a personalized salary report!
Location:
Years in Field/Career:
Location:
Years in Field/Career:
United States (change)

Job Description for Claims Manager

A claims manager works in the insurance industry to coordinate and expedite the processing of customers' claims. The claims manager usually holds a management position with oversight for claims processes, helping ensure that any instances of misappropriation or fraud do not occur.
Read More...
Claims Manager 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

Add this chart to your site:   640px 640px    300px 300px   Copy and paste this HTML:
As Claims Managers make advancements in their career path, salaries may climb quite a bit. Those in less important roles may make $31K less annually than those in higher-end positions, such as Claims Director.

Claims Manager Job Listings

Search for more jobs:
job title / company
location

Survey results suggest that Claims Managers put a wide range of professional skills to use. Most notably, facility with Litigation Case Management, Insurance, and Project Management are correlated to pay that is significantly above average, leading to increases of 32 percent, 32 percent, and 21 percent, respectively. Those listing Operations Management as a skill should be prepared for drastically lower pay. Customer Relationship Management (CRM) and Customer Service also typically command lower compensation. Competency in Claim Handling frequently indicates knowledge of People Management.

Pay by Experience Level for Claims Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many but not all Claims Managers, a key factor in salary decisions is experience; more experience generally yields higher pay. Starting out, salaries fall in the $51K range but grow to $65K after five to 10 years. Those with one to two decades of experience under their belt tend to see salaries around $77K. The 20-year mark seems to bring slower salary growth, and Claims Managers at this tenure level tend to see their incomes plateau to $82K. This workforce includes a range of age distribution and is widely spread out: of those who responded, 36 percent have between one and nine years of experience; 34 percent have 10-20 years, and the remaining 29 percent report more than a couple decades of experience.

Pay Difference By Location

Tampa
up arrow 23%
Dallas
up arrow 19%
Atlanta
up arrow 10%
Chicago
up arrow 6%
Baltimore
up arrow 5%
New York
up arrow 3%
Philadelphia
up arrow 3%
Cincinnati
up arrow 2%
National Average
$70,000
Houston
up arrow 4%
Los Angeles
up arrow 4%
San Antonio
up arrow 9%
St. Louis
up arrow 24%
Phoenix
up arrow 26%
Columbus
up arrow 31%
Larger circles over a city indicate a job is popular in that location.
For Claims Managers, busy Tampa offers a higher-than-average pay rate, 23 percent above the national average. Also paying near the top of the field are Dallas, Atlanta, Chicago, and Baltimore, where Claims Managers annually earn 19 percent, 10 percent, 6 percent, and 5 percent more than the national average. Claims Managers' salaries are heavily influenced by location—Claims Managers in Columbus bring in salaries that are 31 percent lower than the national average. A couple other locations with smaller-than-average paychecks include Phoenix (-26 percent) and St. Louis (-24 percent).

Related Job Salaries

Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -

Experience Affects Claims Manager Salaries

Late-Career
up arrow 16%
National Average
$70,000
Mid-Career
up arrow 8%
Entry-Level
up arrow 28%

Skills That Affect Claims Manager Salaries

Litigation Case Management
up arrow 32%
Insurance
up arrow 32%
Project Management
up arrow 21%
Claim Handling
up arrow 4%
National Average
$70,000
Customer Service
up arrow 12%
Customer Relationship Management (CRM)
up arrow 26%
Operations Management
up arrow 31%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 130 votes.

Gender

Female
59%
female alumni
 
Male
41%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
14%
5-9 years
22%
10-19 years
34%
20 years or more
29%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 81%
vision benefits Vision: 68% employee benefits None: 8%