Insurance Claims Adjuster Salary

Insurance Claims Adjusters in the United States can expect wages of $49K annually on average. In the world of Insurance Claims Adjusters, overall cash allowance can occasionally include more than $6K from bonuses and, in some exceptional cases, $8K from profit sharing, causing incomes to vary widely between $34K and $71K. The particular firm is the biggest factor affecting pay for this group, followed by experience level and geographic location. Men working as Insurance Claims Adjusters who took the survey just slightly outnumber women at 55 percent. Medical benefits are awarded to most, and a strong majority earn dental coverage. Most workers in this position report high levels of job satisfaction.

$35,365 - $69,426
(Median)
$35K
$49K
$69K
MEDIAN: $48,811
10%
50%
90%

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$13.01 - $27.69
(Median)
$13
$18
$28
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$24K$48K$72K
Salary
$35,365 - $69,426  
   
Bonus
$0.00 - $6,018  
Profit Sharing
$487.96 - $7,500  
Commission
$6,000  
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).
)
$34,331 - $71,122  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,621
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$15$30$45
Hourly Rate
$13.01 - $27.69  
   
Hourly Tips
$6.25  
Overtime
$19.06 - $44.16  
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$30K$60K$90K
Bonus
$0.00 - $6,018  
   
Commission
$6,000  
Profit Sharing
$487.96 - $7,500  
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).
)
$34,331 - $71,122  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 269
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Job Description for Insurance Claims Adjuster

Insurance claims adjusters are responsible for investigating accidents to determine liability. They do this by having phone conversations with customers, obtaining police reports, and negotiating damage settlements. They document claim activity and provide fair settlement and claim resolutions to customers. The insurance claim adjuster must work to help customers feel satisfied while making cost-effective decisions that benefit their business.

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Insurance Claims Adjuster Tasks

  • Compile information derived from correspondence with claimant, witnesses and medical specialists.
  • Negotiate settlement of claims, calculate and authorize payment of claim settlements in accordance with policy and coverage.
  • Investigate and analyze insurance claims to determine extent of insurance company's liability.

Common Career Paths for Insurance Claims Adjuster


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While Insurance Claims Adjusters do not often become Attorneys, the job pays $81K per year on average. A lot of Insurance Claims Adjusters advance their careers by becoming Claims Examiners and Investigators and Claims Adjusters. However, those positions offer $4K less and $2K less per year on average.

Insurance Claims Adjuster Job Listings

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Popular Employer Salaries for Insurance Claims Adjuster


Progressive Casualty Insurance Company, Allstate, The Travelers Companies, Inc., Allstate Insurance Company, and State Farm Insurance Company are top-notch employers for Insurance Claims Adjusters in this area. For Insurance Claims Adjusters, comfortable salaries can be found at The Hartford Financial Services Group, Inc.; in fact, average earnings are around $62K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($40K versus $88K) is great. Insurance Claims Adjusters can also look forward to large paychecks at The Travelers Companies, Inc. ($58K), Liberty Mutual Insurance Group ($57K), and Progressive Casualty Insurance Company ($51K).

Others at the bottom of the scale for this job include Allstate at $44K, and Allstate Insurance Company where $45K is the norm, but it is worth noting that some Insurance Claims Adjusters there earn up to $79K.

Popular Skills for Insurance Claims Adjuster


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Construction Estimating, Negotiation, Claim Handling, and Customer Service are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Insurance. Those proficient in Claim Handling are, more often than not, also skilled in Negotiation.

Pay by Experience Level for Insurance Claims Adjuster

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


Insurance Claims Adjusters do not generally earn higher incomes from more experience in the field. Workers in their first five years can expect to earn $43K, but people who have been around for five to 10 years earn a noticeably bigger sum of $52K. Insurance Claims Adjusters who work for 10 to 20 years in their occupation tend to earn about $57K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $64K.

Pay Difference by Location

National Average: $48,769

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

For Insurance Claims Adjusters, busy Los Angeles offers a higher-than-average pay rate, 18 percent above the national average. Insurance Claims Adjusters can also look forward to large paychecks in cities like New York (+15 percent), Indianapolis (+13 percent), Charlotte (+7 percent), and Chicago (+7 percent). Falling short of the national average by 12 percent, the area with the worst salaries is San Antonio. A couple other locations with smaller-than-average paychecks include Austin and Tampa (11 percent lower).

Insurance Claims Adjuster Reviews

What is it like working as an Insurance Claims Adjuster?

Insurance Claims Adjuster in Hot Springs:
"Puzzles and People."
Pros: It's always different- no two claims are alike! It's very challenging to piece the claim together but rewarding all the same.
Cons: It can be a lot of drive time depending on your territory. It's also easy to get behind and then get overloaded and be up to midnight working during storm season.

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Experience Affects Insurance Claims Adjuster Salaries




National Average
$49,000


Skills That Affect Insurance Claims Adjuster Salaries



Claim Handling
up arrow 1%

National Average
$49,000

Customer Service
up arrow 2%

Insurance
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 344 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
9%
1-4 years
36%
5-9 years
24%
10-19 years
19%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 78%
medical benefits
Vision: 66%
dental benefits
None: 11%
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