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Insurance Rater Salary

Insurance Raters in the United States may have to scrimp and save; the median compensation is $36K per year. The vast majority of Insurance Raters (82 percent) who participated in the survey are women. A fair number enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Work is enjoyable for Insurance Raters, who typically claim high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
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$29,511 - $45,946
(Median)
$30K
$36K
$46K
MEDIAN: $35,689
10%
50%
90%

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$13.27 - $21.60
(Median)
$13
$17
$22
MEDIAN: $17.00
10%
50%
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$16K$32K$48K
Salary
$29,511 - $45,946  
   
Bonus
$0.00 - $2,047  
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).
)
$28,693 - $46,068  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 57
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$10$20$30
Hourly Rate
$13.27 - $21.60  
   
Overtime
$22.00 - $27.13  
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$20K$40K$60K
Bonus
$0.00 - $2,047  
   
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).
)
$28,693 - $46,068  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 34

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United States (change)


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Job Description for Insurance Rater

Insurance raters are billing professionals who prepare invoices, compile data, and compute and calculate rates for services, goods, and shipments of goods for an insurance company. They also perform calculations to determine insurance rates and premiums for the company's clients and enter and update such data into computer systems.

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Insurance Rater Tasks

  • Process and resolve requests, complaints and other issues on accounts.
  • Enter and update data.
  • Update and compile rate and policy changes.
  • Perform calculations to determine rates and premiums.

Insurance Rater Job Listings

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Pay by Experience Level for Insurance Rater

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


Insurance Raters with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Those in the early stages of their career can expect to make around $34K; however, individuals with five to 10 years of experience bring in $38K on average — a distinctly larger sum. Insurance Raters see a median salary of $38K after reaching one to two decades on the job. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $42K, demonstrating that compensation is roughly commensurate with experience in the end.

United States (change)

Experience Affects Insurance Rater Salaries

Late-Career
up arrow 15%

Experienced
up arrow 4%

Mid-Career
up arrow 4%

National Average
$37,000

Entry-Level
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
3%
1-4 years
41%
5-9 years
14%
10-19 years
30%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 72%
vision benefits Vision: 58% employee benefits None: 18%
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