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Insurance Claims Specialist Salary (United States)

Insurance Claims Specialists in the United States can expect to earn an average of $51K per year. Final cash compensation to Insurance Claims Specialists varies from around $26K to approximately $74K; choice pay grades include potential for bonuses and profit sharing as high as $5K and $7K, respectively. The most influential factor affecting pay for this group is geographic location, though the company and experience level have a (lesser) impact as well. A solid majority enjoy medical while a fair portion get dental coverage. Vision coverage is also available to more than half. Men are in the minority in the field, with female Insurance Claims Specialists making up 73 percent of workers. Job satisfaction is high and work is enjoyable for most Insurance Claims Specialists. This summary is derived from information collected in the PayScale salary survey.
Insurance Claims Specialist Salary (?
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.
)
$32,073 - $79,300
(Median)
32K
39K
51K
65K
79K
MEDIAN: $50,806
10%
25%
50%
75%
90%
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Insurance Claims Specialist Salary (?
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.
)
$10.84 - $20.42
(Median)
11
13
15
17
20
MEDIAN: $15.00
10%
25%
50%
75%
90%
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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$27K$54K$81K
Salary
$32,073 - $79,300  
   
Bonus
$0.00 - $5,126  
Profit Sharing
$484.79 - $7,400  
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).
)
$25,970 - $74,381  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 588
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$13$26$39
Hourly Rate
$10.84 - $20.42  
   
Overtime
$10.00 - $33.88  
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$26K$52K$78K
Bonus
$0.00 - $5,126  
   
Profit Sharing
$484.79 - $7,400  
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).
)
$25,970 - $74,381  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 438
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Job Description for Insurance Claims Specialist

The insurance claims specialist's primary role involves handling the paperwork for insurance customers and the companies they work for. Insurance claims specialists explain insurance coverage to customers and potential customers, as well. They also provide guidance to customers when a claim is made, such as directing them to mechanics or repairmen whom the insurance company will work with.
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Insurance Claims Specialist Tasks
  • Analyzes and interprets insurance policy in order to answer client's questions.
  • Works with insurance provider to obtain temporary car, house, or funds for the client.
  • Assists client in filing claims and handling other claim related correspondence.
  • Assesses damages and meets with insurance personnel to receive compensation for the client.

Common Career Paths for Insurance Claims Specialist

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Insurance Claims Specialists often transition into upper level Insurance Claims Manager positions, where pay tends to be much higher. Typically, Insurance Claims Managers earn $72K per year. The most common career progression for Insurance Claims Specialists leads to becoming a Medical Billing Specialist, where pay is typically $31K. However, many Insurance Claims Specialists also opt to become Insurance Claims Supervisors, a position that pays $61K on average.

Insurance Claims Representative Job Listings

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Popular Employer Salaries for Insurance Claims Specialist

Dominating the field, Allstate Insurance Company, Liberty Mutual Insurance Group, Nationwide Mutual Insurance Company, State Farm Insurance Company, and Allstate are top firms with a reputation for hiring a great number of Insurance Claims Specialists. State Farm Insurance Company leads the field in terms of pay, with a median salary of $69K.
Workers also receive paychecks lighter than average at Allstate Insurance Company ($31K) and Nationwide Mutual Insurance Company ($44K).

Popular Skills for Insurance Claims Specialist

Insurance Claims Specialists generally report applying a varied skill set to their work. Most notably, facility with Litigation Case Management, Negotiation, and Claim Handling are correlated to pay that is significantly above average, leading to increases of 58 percent, 33 percent, and 4 percent, respectively. Those listing Medical Coding as a skill should be prepared for drastically lower pay. Insurance and Customer Service also typically command lower compensation. The majority of those who know Claim Handling also know Customer Service.

Pay by Experience Level for Insurance Claims Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. The average inexperienced worker earns $34K, and someone who has worked for five to 10 years can expect a bigger median salary of $41K. Insurance Claims Specialists who work for 10 to 20 years in their occupation tend to earn about $47K. Seasoned veterans with 20 years under their belts enjoy a median income of $62K. Age distribution in this workforce is concentrated between one and nine years of experience; slightly more than half of respondents fall in this range. Experienced employees who have 10-20 years of experience make up roughly a fourth 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 around one in six.

Pay Difference By Location

New York
up arrow 119%
up arrow 48%
Orlando
up arrow 27%
Cleveland
up arrow 27%
up arrow 24%
Dallas
up arrow 19%
Pittsburgh
up arrow 19%
Seattle
up arrow 14%
Philadelphia
up arrow 7%
Minneapolis
up arrow 4%
Cincinnati
up arrow 1%
National Average
$40,000
Indianapolis
up arrow 12%
Charlotte
up arrow 14%
Houston
up arrow 16%
San Antonio
up arrow 17%
Larger circles over a city indicate a job is popular in that location.
For Insurance Claims Specialists, working in the bustling city of New York has its advantages, including an above-average pay rate. Chicago, Orlando, Cleveland, and Atlanta are a few other cities that offer generous salaries, with Insurance Claims Specialists earning around 48 percent, 27 percent, 27 percent, and 24 percent more than average. San Antonio is the lowest-paying area, 17 percent south of the national average. A couple other locations with smaller-than-average paychecks include Houston (16 percent lower) and Charlotte (14 percent lower).

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Experience Affects Insurance Claims Specialist Salaries

National Average
$40,000

Skills That Affect Insurance Claims Specialist Salaries

Litigation Case Management
up arrow 58%
Claim Handling
up arrow 4%
National Average
$40,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 240 votes.

Gender

Female
73%
female alumni
 
Male
27%
male alumni

Years of Experience

Less than 1 year
6%
1-4 years
29%
5-9 years
23%
10-19 years
25%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 73%
vision benefits Vision: 56% employee benefits None: 13%