Insurance Rater Salary

Pay for Insurance Raters in the United States is very modest at just $37K annually. Men are in the minority of survey respondents, with female Insurance Raters making up 77 percent. Most have medical and dental plans, and the larger part have vision insurance. Most Insurance Raters report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's 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. Salaries for inexperienced workers average out to $38K, and those with five to 10 years' experience earn a higher median of $35K. On average, Insurance Raters make $39K following one to two decades on the job. As Insurance Raters reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $43K.

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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