Insurance Rater Salary

Insurance Raters in the United States may have to scrimp and save; the median compensation is $36K annually. Job satisfaction for Insurance Raters is high. Insurance Raters who responded to the questionnaire are largely women, dominating at 81 percent. In this profession, a strong majority enjoy medical and dental coverage, and more than half have vision insurance, as well. Respondents to the PayScale salary survey provided the data for this report.
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$29,778 - $46,382
(Median)
$30K
$36K
$46K
MEDIAN: $36,162
10%
50%
90%

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$13.27 - $21.14
(Median)
$13
$17
$21
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
$29,778 - $46,382  
   
Bonus
$0.00 - $2,047  
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).
)
$28,784 - $46,182  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 60
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 - $21.14  
   
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 - $2,047  
   
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).
)
$28,784 - $46,182  
Country: United States | Currency: USD | Updated: 2 Jul 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.

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Pay by Experience Level for Insurance Rater

Median of all compensation (including tips, bonus, and overtime) by years of experience.


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 $39K. For Insurance Raters, 10 to 20 years of experience on the job amounts to an average salary of $38K. Old hands who claim more than two decades on the job enjoy average earnings of $42K.

United States (change)

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Experience Affects Insurance Rater Salaries

Late-Career
up arrow 14%

Mid-Career
up arrow 5%

Experienced
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
81 %
Male
19 %

Years of Experience

Less than 1 year
3%
1-4 years
43%
5-9 years
14%
10-19 years
29%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 74%
vision benefits Vision: 60% employee benefits None: 19%
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