Insurance Rater Salary

Insurance Raters aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $36K annually. The majority of Insurance Raters claim high levels of job satisfaction. A strong majority claim medical and dental insurance and a majority get vision coverage. Women make up the vast majority of Insurance Raters (82 percent) who answered the questionnaire. Respondents to the PayScale salary survey provided the data for this report.
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$29,512 - $45,946
(Median)
$30K
$36K
$46K
MEDIAN: $35,689
10%
50%
90%

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$13.24 - $21.65
(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
$29,512 - $45,946  
   
Bonus
$0.00 - $2,043  
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).
)
$28,666 - $46,101  
Country: United States | Currency: USD | Updated: 31 Mar 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
$13.24 - $21.65  
   
Overtime
$21.62 - $27.48  
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 - $2,043  
   
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).
)
$28,666 - $46,101  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 33

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Job Description for Insurance Rater

  • 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.


Experience does not seem to be a strong driver of pay increase in this role. Relatively untried employees who have less than five years' experience make $34K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $38K. Insurance Raters bring in $38K after working for 10 to 20 years. As Insurance Raters reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $42K.

United States (change)

Experience Affects Insurance Rater Salaries

Late-Career
up arrow 16%

Experienced
up arrow 5%

Mid-Career
up arrow 3%

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
13%
10-19 years
30%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 74%
vision benefits Vision: 58% employee benefits None: 18%