Claims Manager Salary

Claims Managers in the United States tend to be well-versed in their field, and slightly less than two-thirds have more than 10 years of experience. Average salary is expected to be around $72K per year, but may range from $42K to $108K per year. Total cash earnings of Claims Managers range from $42K on the low end to $108K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $13K and $10K, respectively. The most influential factor affecting pay for this group is the company, though the particular city and years of experience have a (lesser) impact as well. Job satisfaction for Claims Managers is high. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The numbers in this rundown were provided by PayScale's salary survey participants.

$44,413 - $102,437
$44K
$72K
$100K
MEDIAN: $71,781
10%
50%
90%

Add this chart to your site: 640px    300px

$11.76 - $34.23
$12
$19
$34
MEDIAN: $18.71
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
$44,413 - $102,437  
   
Bonus
$206.08 - $12,857  
Profit Sharing
$0.00 - $9,759  
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).
)
$41,658 - $107,759  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 447
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
$11.76 - $34.23  
   
Overtime
$15.20 - $60.40  
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
$206.08 - $12,857  
   
Profit Sharing
$0.00 - $9,759  
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).
)
$41,658 - $107,759  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 42

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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

  • Manages the claims activity for a business unit.
  • Oversees investigations and consultations with legal counsel.
  • 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.

Claims Manager, Insurance Job Listings

Search for more jobs:

Popular Employer Salaries for Claims Manager


Pay by Experience Level for Claims Manager

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Survey participants with less than five years' experience pocket $51K on average, but those with five to 10 years of experience enjoy a much bigger median of $65K. On average, Claims Managers make $79K following one to two decades on the job. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $84K.

Pay Difference by Location

National Average: $70,663

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

With a pay rate for Claims Managers that is 34 percent greater than the national average, Chicago offers a comfortable salary for those in this profession. Claims Managers will also find cushy salaries in Dallas (+23 percent), Denver (+20 percent), Tampa (+17 percent), and Philadelphia (+15 percent). The smallest paychecks in the market, 19 percent south of the national average, can be found in Jacksonville. Workers in Columbus and Phoenix earn salaries that trail the national average for those in this profession (16 percent less and 15 percent less, respectively).

Related Job Salaries

Key Stats for Claims Manager

Gender

Female
58 %
Male
42 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.
Less than 1 year
2%
1-4 years
18%
5-9 years
17%
10-19 years
32%
20 years or more
32%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Claims Manager Salaries

▲18%

▲12%

National Average
$71,000

▼8%

▼28%

Skills That Affect Claims Manager Salaries

Litigation Case Management
▲24%


Negotiation
▲11%



National Average
$71,000


Insurance
▼10%

Customer Service
▼18%

Customer Relationship Management (CRM)
▼25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
17%
10-19 years
32%
20 years or more
32%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 83%
vision benefits
Vision: 73%
dental benefits
None: 9%
ADVERTISEMENT