Claims Manager Salary

Claims Managers in the United States with more than 10 years of experience in their profession represent slightly less than two-thirds of Claims Managers. Salaries average out to around $71K annually and spread from $40K to $106K per year. Overall incomes of Claims Managers generally bottom out at around $40K and peak near $106K; the final number can, in exceptional cases, include upwards of $12K each for bonuses and profit sharing proceeds. Geography is the biggest factor affecting pay for this group, followed by years of experience. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to more than half. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. The majority of workers are highly satisfied with their job. This report is based on responses to the PayScale salary survey.

$43,277 - $101,345
(Median)
$43K
$71K
$100K
MEDIAN: $70,769
10%
50%
90%

Add this chart to your site: 640px    300px

$10.26 - $31.81
(Median)
$10
$18
$32
MEDIAN: $17.00
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
$43,277 - $101,345  
   
Bonus
$0.00 - $12,047  
Profit Sharing
$1,216 - $11,836  
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).
)
$40,318 - $105,937  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 642
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
$10.26 - $31.81  
   
Overtime
$13.00 - $45.20  
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 - $12,047  
   
Profit Sharing
$1,216 - $11,836  
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).
)
$40,318 - $105,937  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 57
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: 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

  • 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.

Claims Manager, Insurance Job Listings

Search for more jobs:


Claims Managers report using a pretty varied skill set on the job. Most notably, facility with Insurance, Project Management, and Litigation Case Management are correlated to pay that is significantly above average, leading to increases of 31 percent, 29 percent, and 26 percent, respectively. Those listing Customer Service and Customer Relationship Management as skills, on the other hand, should be prepared for drastically lower pay. Those with knowledge of Claim Handling tend to be skilled in People Management as well.

Pay by Experience Level for Claims Manager

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


For many Claims Managers, more experience generally translates to higher pay. Salaries for the relatively untried average out to around $50K, but survey participants with five to 10 years of experience earn a significantly higher median of $64K. Claims Managers bring in $76K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $82K, which is barely higher than the median for folks with 10 to 20 years of experience.

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 Salaries



National Average
$70,000

Mid-Career
up arrow 9%


Skills That Affect Claims Manager Salaries

Insurance
up arrow 31%

Project Management
up arrow 29%

Litigation Case Management
up arrow 26%


Operations Management
up arrow 8%

Negotiation
up arrow 7%

Claim Handling
up arrow 1%

National Average
$70,000

Customer Relationship Management (CRM)
up arrow 25%

Customer Service
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 145 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
2%
1-4 years
14%
5-9 years
20%
10-19 years
33%
20 years or more
32%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 80%
vision benefits Vision: 68% employee benefits None: 9%
ADVERTISEMENT