Claims Managers in the United States with more than 10 years of experience in their profession represent just under two-thirds of Claims Managers. Salaries average out to around $72K per year and spread from $41K to $108K per year. Cash earnings for Claims Managers — which occasionally include more than $14K from bonuses and more than $9K from profit sharing — stretch from around $41K to approximately $108K. Location and career duration each impact pay for this group, with the former having the largest influence. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. Most Claims Managers like their work and job satisfaction is high. More than half of Claims Managers (60 percent) survey participants are women. Participants in PayScale's salary questionnaire provided the particulars of this report.

$43,954 - $102,293
(Median)
$44K
$72K
$100K
MEDIAN: $71,777
10%
50%
90%

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$11.72 - $36.49
(Median)
$12
$19
$36
MEDIAN: $18.00
10%
50%
90%

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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
$43,954 - $102,293  
   
Bonus
$297.99 - $13,642  
Profit Sharing
$0.00 - $9,230  
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).
)
$41,352 - $107,925  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 455
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
$11.72 - $36.49  
   
Overtime
$14.97 - $61.28  
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
$297.99 - $13,642  
   
Profit Sharing
$0.00 - $9,230  
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).
)
$41,352 - $107,925  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 41
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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.

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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

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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 many Claims Managers, more experience generally translates to higher pay. Relatively untried employees who have less than five years' experience make $50K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $64K. Claims Managers see a median salary of $79K after reaching 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: $70,968

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

Surpassing the national average by 24 percent, Claims Managers in Dallas receive some of the highest pay in the country. Claims Managers will also find cushy salaries in Chicago (+24 percent), Denver (+20 percent), Tampa (+16 percent), and Philadelphia (+15 percent). Claims Managers in Pittsburgh make 27 percent less than the national average, proving that location is a major factor in pay. Phoenix and Indianapolis are a couple other places where companies are known to pay below the median — salaries are 19 percent lower and 7 percent lower, respectively.

Related Job Salaries

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Experience Affects Claims Manager Salaries



National Average
$71,000



Skills That Affect Claims Manager Salaries

Litigation Case Management
up arrow 23%



Negotiation
up arrow 8%


National Average
$71,000

Claim Handling
up arrow 3%

Insurance
up arrow 11%

Customer Service
up arrow 19%

Customer Relationship Management (CRM)
up arrow 26%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
17%
10-19 years
33%
20 years or more
32%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 83%
medical benefits
Vision: 72%
dental benefits
None: 9%
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