Insurance Rater Salary

Insurance Raters in the United States can expect only a modest salary, with average pay of just $40K per year. Work is reasonably fulfilling for most Insurance Raters — the majority report average levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. The information for this snapshot was generated by responses to the PayScale salary survey.
Read More
$32,584 - $50,066
$33K
$40K
$50K
MEDIAN: $40,037
10%
50%
90%

Add this chart to your site: 640px    300px

$11.23 - $20.77
$11
$16
$21
MEDIAN: $16.41
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17K$34K$51K
Salary
$32,584 - $50,066  
   
Bonus
$1,600  
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).
)
$30,155 - $48,260  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 37
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$11.23 - $20.77  
   
Overtime
$23.27 - $31.19  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$1,600  
   
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).
)
$30,155 - $48,260  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 20

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

Insurance Rater Tasks

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

Insurance Rater Job Listings

Search for more jobs:

Pay by Experience Level for Insurance Rater

Pay by Experience for an Insurance Rater has a positive trend. An entry-level Insurance Rater with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 33 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Rater with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $37,000 based on 10 salaries. An experienced Insurance Rater which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $43,000 based on 13 salaries. An Insurance Rater with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $44,000 based on 8 salaries.

Key Stats for Insurance Rater

Gender

Female
79 %
Male
21 %

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 9 votes.
Less than 1 year
12%
1-4 years
40%
5-9 years
14%
10-19 years
19%
20 years or more
14%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Rater Salaries

Experienced
▲11%

Late-Career
▲11%

National Average
$39,000

Mid-Career
▼7%

Entry-Level
▼9%

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 9 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
12%
1-4 years
40%
5-9 years
14%
10-19 years
19%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 84%
vision benefits
Vision: 74%
no benefits
None: 8%