What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Claims Manager Salary

Slightly less than two-thirds of Claims Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $41K to $105K per year, but median earnings come to around $71K annually. Overall cash earnings of Claims Managers stretch from $41K near the bottom to $105K at the top, and the heftiest packages can encompass around $12K each from bonuses and profit sharing. Experience level is the biggest factor affecting pay for this group, followed by geography. The majority of workers are highly satisfied with their job. Medical benefits are awarded to most, and a strong majority earn dental coverage. This snapshot results from replies to PayScale's salary survey.

$43,007 - $99,823
(Median)
$43K
$71K
$100K
MEDIAN: $70,582
10%
50%
90%

Add this chart to your site: 640px    300px

$10.33 - $32.27
(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
$43,007 - $99,823  
   
Bonus
$0.00 - $11,938  
Profit Sharing
$1,260 - $12,365  
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).
)
$40,589 - $104,501  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 612
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
$10.33 - $32.27  
   
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 - $11,938  
   
Profit Sharing
$1,260 - $12,365  
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).
)
$40,589 - $104,501  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 51

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:


Survey results suggest that Claims Managers use a fairly large toolkit of professional skills. Most notably, facility with Project Management, Insurance, and Litigation Case Management are correlated to pay that is significantly above average, leading to increases of 48 percent, 32 percent, and 20 percent, respectively. Customer Service and Customer Relationship Management as skills, however, tend to be associated with significantly smaller paychecks. Employees educated in Claim Handling are typically practiced in People Management, too.

Pay by Experience Level for Claims Manager

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


Claims Managers with a rich background of experience are typically rewarded with larger paychecks. Relatively untried employees who have less than five years' experience make $49K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $64K. On average, Claims Managers make $76K following one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $82K on average.

Related Job Salaries

United States (change)

Experience Affects Claims Manager Salaries

Late-Career
up arrow 16%


National Average
$70,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 30%

Skills That Affect Claims Manager Salaries

Project Management
up arrow 48%

Insurance
up arrow 32%

Litigation Case Management
up arrow 20%


Operations Management
up arrow 11%

Negotiation
up arrow 7%

Claim Handling
up arrow 2%

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 147 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
2%
1-4 years
14%
5-9 years
21%
10-19 years
33%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 80%
vision benefits Vision: 67% employee benefits None: 9%
ADVERTISEMENT