Insurance Raters in the United States can expect only a modest salary, with average pay of just $39K annually. The majority of individuals in this role claim moderate levels of job satisfaction. Medical benefits are awarded to nearly all, and most earn dental coverage. Women account for the majority of Insurance Raters who took the survey — 80 percent to be exact. The information for this snapshot was generated by responses to the PayScale salary survey.
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$33,407 - $49,130
$33K
$39K
$49K
MEDIAN: $38,916
10%
50%
90%

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$11.00 - $20.56
$11
$16
$21
MEDIAN: $16.00
10%
50%
90%

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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
$33,407 - $49,130  
   
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).
)
$30,074 - $46,600  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 43
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
$11.00 - $20.56  
   
Overtime
$20.00 - $31.12  
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).
)
$30,074 - $46,600  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 24

Find Out Exactly What You Should Be Paid

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

  • 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

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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. Average salaries for inexperienced employees average out to around $36K, but folks who have five to 10 years of experience earn a higher median of $37K. Insurance Raters bring in $39K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $40K, which is barely higher than the median for folks with 10 to 20 years of experience.

Key Stats for Insurance Rater

Gender

Female
80 %
Male
20 %

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 8 votes.
Less than 1 year
10%
1-4 years
40%
5-9 years
15%
10-19 years
22%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Rater Salaries

Late-Career
up arrow 6%

Experienced
up arrow 3%

National Average
$38,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 6%

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 8 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
10%
1-4 years
40%
5-9 years
15%
10-19 years
22%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 83%
vision benefits
Vision: 73%
dental benefits
None: 10%
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