Pay for Insurance Raters in the United States is very modest at just $39K annually. Female Insurance Raters make up most of the survey respondents at 75 percent. Medical benefits are awarded to most, and a strong majority earn dental coverage. For the most part, people in this position report moderate levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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$33,646 - $48,596
(Median)
$34K
$39K
$49K
MEDIAN: $38,742
10%
50%
90%

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$10.72 - $21.28
(Median)
$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
$33,646 - $48,596  
   
Bonus
$1,200  
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).
)
$26,883 - $47,024  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 46
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
$10.72 - $21.28  
   
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
$1,200  
   
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).
)
$26,883 - $47,024  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 25
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

  • 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 Insurance Raters, more experience in the field does not usually mean bigger paychecks. Workers with less than five years' experience earn around $36K on average, and those who have five to 10 years under their belts see a higher median salary of $37K. The average pay reported by folks with 10 to 20 years of experience is around $41K. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.

United States (change)

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Experience Affects Insurance Rater Salaries

Late-Career
up arrow 8%

Experienced
up arrow 6%

National Average
$38,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 7%

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 7 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
10%
1-4 years
37%
5-9 years
15%
10-19 years
25%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 78%
medical benefits
Vision: 71%
dental benefits
None: 15%
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