Claims Manager Salary (United States)

Claims Managers with more than 10 years of experience in their profession represent about two-thirds of Claims Managers in the United States. Salaries average out to around $70,464 per year and spread from $40,548 to $103,656 per year. Total cash compensation varies from around $43,218 to approximately $98,541; higher pay grades include potential for bonuses and profit sharing as high as $11,792 and $17,362, respectively. Location is the biggest factor affecting pay for this group, followed by experience level. The vast majority of folks in this line of work enjoy health insurance benefits; most receive both medical and dental insurance and a majority get vision plans. Men are barely outnumbered by their female counterparts, who make up a slight majority at 59 percent. Work is enjoyable for the better half of Claims Managers who claim high levels of job satisfaction. This synopsis is derived from the responses of individuals who took PayScale's 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%
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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%
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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
$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  
PayScale
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  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 44
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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

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Claims Managers may experience a big boost in pay as they move up the career ladder. An upper-level role like Claims Director may bring in a lot more money — an additional $31K annually.

Claims Manager Job Listings

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Pay by Experience Level for Claims Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Claims Managers, experience in the field tends to play a major role in salary negotiations; pay increases with more experience. At career start, salaries are typically $51K, which grows to $65K after five to 10 years. Salary comes to $77K after 10 to 20 years. Once they've gotten two decades of experience under their belts, Claims Managers encounter slower salary growth; at this point, they earn $82K annually. Age distribution in this workforce is widespread and evident in its breakdown: 36 percent of those who answered report one to nine years of experience; 34 percent claim 10-20 years, and 29 percent have more than two decades under their belt.

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.
Claims Managers will find that Tampa offers an impressive pay rate, one which exceeds the national average by 23 percent. Claims Managers will also find cushy salaries in Dallas (+19 percent), Atlanta (+10 percent), Chicago (+6 percent), and Baltimore (+5 percent). Claims Managers in Columbus take home the lowest salaries, earning a whopping 31 percent less than the national average. Two other places where employers offer below-median salaries are Phoenix (-26 percent) and St. Louis (-24 percent).

Related Job Salaries

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%
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