Insurance Claims Adjuster Salary

Insurance Claims Adjusters in the United States take home an average $48K annually. Overall cash earnings for Insurance Claims Adjusters stretch from $35K on the lower end to $70K near the top, and the heftiest packages can encompass around $6K from bonuses and $7K from profit sharing. Earnings for this group are mostly affected by the specific employer, followed by years of experience and geographic location. Work is enjoyable for Insurance Claims Adjusters, who typically claim high levels of job satisfaction. Male Insurance Claims Adjusters are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 55 percent of the field. Most report receiving medical coverage from their employers and a strong majority collect dental insurance.

$35,316 - $67,653

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$12.86 - $27.89

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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
$35,316 - $67,653  
   
Bonus
$0.00 - $5,844  
Profit Sharing
$515 - $6,732  
Commission
$0.00 - $11,000  
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).
)
$34,571 - $69,668  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,698
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
$12.86 - $27.89  
   
Overtime
$19.39 - $42.95  
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 - $5,844  
   
Commission
$0.00 - $11,000  
Profit Sharing
$515 - $6,732  
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).
)
$34,571 - $69,668  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 250
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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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It's not very common for Insurance Claims Adjusters to move on to become Attorneys. Average pay for an Attorney is $81K annually. Insurance Claims Adjusters most frequently advance into Claims Examiner or Investigator and Claims Adjuster roles even though the median salaries are $4K lower and $2K lower, respectively.

Insurance Claims Adjuster Job Listings

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Popular Employer Salaries for Insurance Claims Adjuster


Insurance Claims Adjusters fill the offices of leading firms Allstate Insurance Company, Progressive Casualty Insurance Company, The Travelers Companies, Inc., Farmers Insurance Group, and State Farm Insurance Company. Employees of The Hartford Financial Services Group, Inc. can expect to make the most, with the company offering a median salary of $63K; however, pay is widely dispersed from bottom to top, ranging from $41K to $89K. The Travelers Companies, Inc., Liberty Mutual Insurance Group, and State Farm Insurance Company are a few other companies that offer generous salaries, with Insurance Claims Adjusters earning around $54K, $53K, or $50K at each firm, respectively.

Also approaching the lower end are Allstate Insurance Company, Allstate, and Nationwide Mutual Insurance Company, each paying $45K.

Popular Skills for Insurance Claims Adjuster


Insurance Claims Adjusters usually report a few specific skills. Most notably, skills in Construction Estimating, Negotiation, Claim Handling, and Customer Service are correlated to pay that is above average. Skills that seem to negatively impact pay include Insurance. For most people, competency in Claim Handling indicates knowledge of Negotiation.

Pay by Experience Level for Insurance Claims Adjuster

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Although individuals who have less than five years' experience earn $43K on average, people with five to 10 years benefit from a notably larger average of $51K. Insurance Claims Adjusters with one to two decades of relevant experience report an average salary of approximately $56K. Old hands who claim more than two decades on the job enjoy average earnings of $65K.

Pay Difference by Location


Surpassing the national average by 28 percent, Insurance Claims Adjusters in Seattle receive some of the highest pay in the country. Insurance Claims Adjusters can also look forward to large paychecks in cities like New York (+21 percent), Los Angeles (+14 percent), Charlotte (+5 percent), and Houston (+4 percent). In San Antonio, salaries are 10 percent below the national average and represent the lowest-paying market. Oklahoma City and Tampa are a couple other places where companies are known to pay below the median — salaries are 6 percent lower and 4 percent lower, respectively.

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Experience Affects Insurance Claims Adjuster Salaries




National Average
$48,000


Skills That Affect Insurance Claims Adjuster Salaries



Claim Handling
up arrow 1%

National Average
$48,000

Customer Service
up arrow 2%

Insurance
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 395 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
8%
1-4 years
36%
5-9 years
26%
10-19 years
20%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 77%
vision benefits Vision: 63% employee benefits None: 11%
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