Insurance Claims Specialist Salary (United States)

Insurance Claims Specialists in the United States pull down an average of $40,492 annually. Pay generally spreads from $25,970 to $74,381 per year. Earnings for this group are mostly affected by residency, followed by the company and tenure. Medical benefits are awarded to a solid majority, and most earn dental coverage. Men are solidly outnumbered in the field, with women representing 73 percent of workers. Most Insurance Claims Specialists report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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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For Insurance Claims Specialists, career advancement usually has a positive, and rather large, impact on pay. Approaching the top of the pay scale, a Insurance Claims Manager will earn $31K more than someone not as far along in their career. As Insurance Claims Specialists progress in their field, many go on to become Medical Billing Specialists. In fact, this transition is more common than anything else, despite the $9,791 drop in pay. Another common career choice for Insurance Claims Specialists is to move into an Insurance Claims Supervisor role—this promotion comes with a pay raise of $20K.

Insurance Claims Specialist Job Listings

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Popular Employer Salaries for Insurance Claims Specialist

Insurance Claims Specialists flock to Allstate Insurance Company, Liberty Mutual Insurance Group, Nationwide Mutual Insurance Company, State Farm Insurance Company, and Allstate, highly-regarded companies that employ a generous number of people in this profession. Heading up the field in terms of compensation, State Farm Insurance Company offers the most; Insurance Claims Specialists earn $69,000 on average there.
Earnings fall especially short at Allstate, where the median salary of $26,985 is the lowest in the field, 156 percent lower than the top payer. Also sliding in at the lower end of the scale is Allstate Insurance Company.

Popular Skills for Insurance Claims Specialist

Insurance Claims Specialists report using a wide range of professional skills. 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. It is often found that people who know Claim Handling are also skilled in Customer Service.

Pay by Experience Level for Insurance Claims Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Insurance Claims Specialists, experience seems to be a major factor in determining pay. After five to 10 years, compensation can go from $34K to $41K. After 10 to 20 years, compensation comes in at $47K. Paychecks show no signs of slowing down as Insurance Claims Specialists approach two decades on the job—pay continues to accelerate and typical earnings come to $62K. Experienced employees who have 10-20 years of experience make up about a quarter of the workforce; inexperienced individuals who have been working for less than one year comprise 6 percent, and senior people with more than 20 years under their belt fill out the remaining 17 percent. Workers in this area tend to have one to nine years of experience.

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.
New York is home to an above-average pay rate for Insurance Claims Specialists, 119 percent higher than the national average. Insurance Claims Specialists can also look forward to large paychecks in cities like Chicago (+48 percent), Orlando (+27 percent), Cleveland (+27 percent), and Atlanta (+24 percent). With compensation 17 percent below the national average, San Antonio is not known for hefty paychecks and actually represents the lowest-paying market. Two other places where employers offer below-median salaries are Houston (-16 percent) and Charlotte (-14 percent).

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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%