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Insurance Rater Salary

Insurance Raters in the United States can expect only a modest salary, with average pay of just $36K per year. A fair number receive medical and dental insurance and more than half get vision insurance. Most Insurance Raters report high levels of job satisfaction. The vast majority of Insurance Raters (80 percent) who participated in the survey are women. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$29,593 - $46,001
(Median)
$30K
$36K
$46K
MEDIAN: $35,812
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
$29,593 - $46,001  
   
Bonus
$0.00 - $2,051  
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).
)
$28,668 - $46,101  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 56
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$9$18$27
Hourly Rate
$13.27 - $21.60  
   
Overtime
$22.38 - $26.86  
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$18K$36K$54K
Bonus
$0.00 - $2,051  
   
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).
)
$28,668 - $46,101  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 34
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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.


Respondents with less than five years' experience take home $34K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $38K. Insurance Raters bring in $38K after working for 10 to 20 years. Insurance Raters who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $42K.

United States (change)

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Experience Affects Insurance Rater Salaries

Late-Career
up arrow 15%

Mid-Career
up arrow 5%

Experienced
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
80 %
Male
20 %

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: 60% employee benefits None: 18%
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