The average salary for a Claims Manager is $76,864.
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$48k - $108k
$676 - $15k
$2k - $10k
$0 - $28k
$44k - $114k
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Job Description for Claims Manager
A claims manager works in the insurance industry to coordinate and expedite the processing of customers' claims. The claims manager usually holds a management position with oversight for claims processes, helping ensure that any instances of misappropriation or fraud do not occur. Many insurance claims are processed in the private sector by independent insurance agents, who submit payment proceedings to the company. In the field of health insurance, these claims are submitted by medical profes…Read more
Popular Employer Salaries for Claims Manager
The top respondents for the job title Claims Manager are from the companies Nationwide Mutual Insurance Company, Liberty Mutual Insurance Group and National General Insurance. Reported salaries are highest at State Farm Insurance Company where the average pay is $120,450. Other companies that offer high salaries for this role include Progressive Casualty Insurance Company and Farmers Insurance Group, earning around $102,000 and $93,039, respectively. Cigna Corporation pays the lowest at around $43,284. Liberty Mutual Insurance Group and National General Insurance also pay on the lower end of the scale, paying $74,850 and $76,000, respectively.
Explore the most common career paths for Claims Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Claims Manager Job Listings
Popular Skills for Claims Manager
Skills in People Management, Operations Management, Project Management and Insurance are correlated to pay that is above average. Skills that pay less than market rate include Claim Handling.
Pay by Experience Level for Claims Manager
An entry-level Claims Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $53,600 based on 44 salaries. An early career Claims Manager with 1-4 years of experience earns an average total compensation of $60,644 based on 178 salaries. A mid-career Claims Manager with 5-9 years of experience earns an average total compensation of $70,523 based on 201 salaries. An experienced Claims Manager with 10-19 years of experience earns an average total compensation of $81,263 based on 328 salaries. In their late career (20 years and higher), employees earn an average total compensation of $87,677.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Claims Manager in their job title in Chicago, Illinois earn an average of 11.9% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (10.2% more) and Los Angeles, California (8.5% more). The lowest salaries can be found in Phoenix, Arizona (10.9% less), Tampa, Florida (0.7% less) and Indianapolis, Indiana (0.5% less).
Years of Experience
This data is based on 992 survey responses.
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