Insurance Rater Salary

Pay for Insurance Raters in the United States is very modest at just $37K per year. Men are in the minority of survey respondents, with female Insurance Raters making up 77 percent. Job satisfaction for Insurance Raters is high. Medical and dental benefits are awarded to a large number, and the greater part earn vision coverage. This report is based on responses to the PayScale salary survey.
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$30,649 - $46,731
(Median)
$31K
$37K
$47K
MEDIAN: $36,706
10%
50%
90%

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$11.15 - $21.05
(Median)
$11
$17
$21
MEDIAN: $17.00
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$16K$32K$48K
Salary
$30,649 - $46,731  
   
Bonus
$0.00 - $2,030  
Profit Sharing
$700  
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).
)
$28,483 - $46,366  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 73
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
$11.15 - $21.05  
   
Overtime
$19.50 - $32.51  
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
$0.00 - $2,030  
   
Profit Sharing
$700  
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).
)
$28,483 - $46,366  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 38
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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.


For many Insurance Raters, extensive experience does not lead to significantly more money. The average inexperienced worker earns $35K, and someone who has worked for five to 10 years can expect a bigger median salary of $38K. Insurance Raters with one to two decades of relevant experience report an average salary of approximately $39K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; an Insurance Rater with more than 20 years of experience can earn $43K on average.

United States (change)

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Experience Affects Insurance Rater Salaries

Late-Career
up arrow 15%

Experienced
up arrow 4%

Mid-Career
up arrow 2%

National Average
$37,000

Entry-Level
up arrow 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 17 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

Less than 1 year
5%
1-4 years
42%
5-9 years
14%
10-19 years
26%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 76%
medical benefits
Vision: 64%
dental benefits
None: 18%
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