Insurance Appraiser, Auto Damage Salary
An average Auto Damage Insurance Appraiser in the United States can expect to take home roughly $55K annually. Including potential for bonuses and profit sharing — peaking near $7K and $11K, respectively — total cash payment to Auto Damage Insurance Appraisers can bottom out near $39K or peak near $72K depending on individual performance. Compensation for this group is mainly affected by location, but tenure and the individual firm are influential factors as well. The vast majority of Auto Damage Insurance Appraisers (84 percent) survey respondents are men. Most report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction is high and work is enjoyable for most Auto Damage Insurance Appraisers. The data for this snapshot was collected from individuals who took PayScale's salary survey.
Job Description for Insurance Appraiser, Auto Damage
Insurance appraiser for auto damage are responsible for assessing damage to automobiles through examining photos and appraising the damaged vehicles in person; this often includes examining other property damaged in the accident. The insurance appraiser's role is to conduct and manage the investigative process, which can be extensive and in-depth. Examples of their daily tasks include inspecting damaged vehicles, filling out paperwork, and taking statements from those involved. This requires the ability to analyze the damage and travel to the location of the (often disabled) vehicle, which is usually a towyard owned by the insurance company; assessments may also be done on cars that are still in the owner's possession.Read More...
Insurance appraisers for auto damage often work in an office setting, completing paperwork and performing tasks related to the investigation process. They also spend part of their time in the field conducting in-person investigations.
A high school diploma or equivalent is generally the minimum educational requirement for this position; a bachelor's degree or equivalent experience may be required as well. Previous experience is typically required or preferred. They may also be required to be a licensed adjuster, which includes a certification process. Insurance appraisers for auto damage must also pay close attention to detail, as well as have excellent written and verbal communication skills.
Insurance Appraiser, Auto Damage Tasks
- Inspect automobiles and accident-related property or sites, assessing damages.
- Interact with customers and explain insurance benefits and denials.
- Review invoices and forecasts to determine fraud, make changes, and refund customers.
- Estimate and verify repair costs.
Insurance Appraiser, Auto Damage Job Listings
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Popular Employer Salaries for Insurance Appraiser, Auto Damage
Geico, The Travelers Companies, Inc., State Farm Insurance Company, Allstate, and Progressive Casualty Insurance Company are among the top companies that take on many Auto Damage Insurance Appraisers. Those at The Travelers Companies, Inc. can expect to make the most, with the company offering a median salary of $62K.
Pay by Experience Level for Insurance Appraiser, Auto Damage
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience does not seem to be a strong driver of pay increase in this role. Although individuals who have less than five years' experience earn $48K on average, people with five to 10 years benefit from a notably larger average of $58K. The average pay reported by folks with 10 to 20 years of experience is around $60K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; an Auto Damage Insurance Appraiser with more than 20 years of experience can earn $63K on average.