$80,772
Avg. Salary
$17.83
Avg. Hourly Rate

Average additional compensation:

$7,067

Bonus

$2,963

Profit Sharing

$14,874

Commission

What am I worth?
How should I pay?

The average pay for a Claims Manager, Insurance is $17.83 per hour.

The average pay for a Claims Manager, Insurance is $80,772 per year.

10%
$12.69
10%
$17.83
50%
$36.15
90%
90%
MEDIAN $17.83
10%
$46k
10%
$81k
50%
$115k
90%
90%
MEDIAN $80,772
$46,359 - $115,476
$46K
$81K
$120K
MEDIAN: $80,772
10%
50%
90%

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$12.69 - $36.15
$13
$18
$36
MEDIAN: $17.83
10%
50%
90%

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$0$123K
Salary $46,359 - $115,476
Bonus $1,011 - $17,630
Profit Sharing $500 - $12,513
Commission $14,874
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).
)
$40,551 - $123,985
  • Country: United States
  • Currency: USD
  • Updated: 20 Mar 2019
  • Individuals Reporting: 652
Hourly Data $0$48
Hourly Rate $12.69 - $36.15
Overtime $20.80 - $48.58
Annual Data $0$123K
Bonus $1,011 - $17,630
Commission $14,874
Profit Sharing $500 - $12,513
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).
)
$40,551 - $123,985
  • Country: United States
  • Currency: USD
  • Updated: 20 Mar 2019
  • Individuals Reporting: 83

Job Description for Claims Manager, Insurance

An insurance claims manager work with the claims adjusters to ensure that the all insurance claims are handled correctly. They review each adjuster's work periodically and check to make sure the final adjustment before the claim has been completed correctly. While often not involved in the day-to-day operations of claim adjusting, insurance claims managers are ultimately responsible for the work completed by the adjustors that they supervise; this includes ensuring that employees are following all company guidelines.

Read More...

Claims Manager, Insurance Pay By Employer

$0$141K

$106,799

$85,000

Allstate
8 profiles
$77,472

$43,639

Common Career Paths for Claims Manager, Insurance


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Though some Insurance Claims Managers move into positions like VP of Claims (where the average salary is $142K), this progression is not the norm. Going from Insurance Claims Manager to Claims Manager is the transition that occurs most often in this field, and the average paycheck for Claims Managers is $71K. Many others choose to work as Claims Directors, where pay is typically $102K.

Claims Manager, Insurance Job Listings

Popular Skills for Claims Manager, Insurance


Insurance Claims Managers who responded to the survey indicated only a few skills that they use on the job. Most notably, skills in People Management, Claim Handling, Negotiation, and Insurance are correlated to pay that is above average. Project Management and Insurance, on the other hand, are typically associated with much lower pay. It is often found that people who know Claim Handling are also skilled in People Management.

Pay by Experience Level for Claims Manager, Insurance

Pay by Experience for a Claims Manager, Insurance has a positive trend. An entry-level Claims Manager, Insurance with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 79 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Claims Manager, Insurance with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $71,000 based on 90 salaries. An experienced Claims Manager, Insurance which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $81,000 based on 153 salaries. A Claims Manager, Insurance with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $92,000 based on 128 salaries.

Pay Difference by Location

17%

-3%

-7%

-26%

National Average: $80,910

Larger city markers indicate a job is popular in that location.

For those looking to make money, Insurance Claims Managers in Los Angeles enjoy an exceptional pay rate, 27 percent above the national average. Insurance Claims Managers will also find cushy salaries in Boston (+26 percent), Dallas (+19 percent), Cincinnati (+15 percent), and New York (+10 percent). The lowest-paying market is Denver, which sits 31 percent below the national average, proving that location is a significant contributor to overall pay. Two other places where employers offer below-median salaries are Houston (25 percent less) and Tampa (12 percent less).

Claims Manager, Insurance Reviews

Q: What is it like working as a Claims Manager, Insurance?

Claims Manager, Insurance in Yonkers:
"Expanding my experience in managed care."
Pros: Training, educating and coaching staff
Cons: Micro management and old computer programs

Claims Manager, Insurance in Jacksonville:
"Is a challenging work."
Pros: Every day is a new situation
Cons: My payment

Claims Manager, Insurance in Upland:
"Reinsurance Review."
Pros: short hours
Cons: compensation

Claims Manager, Insurance in Minneapolis:
"I love working in Minneapolis."
Pros: Minneapolis offers great business opportunities.
Cons: The commute.

Claims Manager, Insurance in King of Prussia:
"Convenient."
Pros: Close to home.
Cons: Traffic.

Claims Manager, Insurance in Brentwood:
"Work Hard."
Work hard and stay focused.

Claims Manager, Insurance in Jackson:
"The demand."
Be sure that you are able to devote your time to a position like this.

Related Job Salaries

Key Stats for Claims Manager, Insurance

Gender

Female
61 %
Male
39 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 159 votes.
Less than 1 year
1%
1-4 years
13%
5-9 years
15%
10-19 years
32%
20 years or more
39%

Experience Affects Claims Manager, Insurance Salaries

▲13%

▼0%

National Average
$81,000

▼13%

▼43%

Skills That Affect Claims Manager, Insurance Salaries


National Average
$81,000

Claim Handling
▼4%

▼5%

Negotiation
▼5%

Project Management
▼30%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 159 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
15%
10-19 years
32%
20 years or more
39%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 77%
vision benefits
Vision: 71%
no benefits
None: 13%