Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Insurance Claims Processors, experience is not a major factor in determining pay, and incremental pay growth is standard. Salaries increase to $33K from around $30K after five to 10 years. Compensation is $37K after 10 to 20 years. After 20 years of work in the field, Insurance Claims Processors typically earn $41K and go on to enjoy (slight) increases in earnings. Experienced employees who have 10-20 years of experience make up around one in five of the workforce; inexperienced individuals who have been working for less than one year comprise less than 10 percent, and senior people with more than 20 years under their belt fill out the remaining 12 percent. In this field, workers tend to have anywhere from one to nine years of experience—of those surveyed, more than half land within this range.