The average salary for a Claims Manager with People Management skills is $82,214.
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What Do Claims Managers Do?
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, Progressive Casualty Insurance Company and National General Insurance. Reported salaries are highest at Progressive Casualty Insurance Company where the average pay is $102,000. Other companies that offer high salaries for this role include Nationwide Mutual Insurance Company, earning around $96,600. National General Insurance pays the lowest at around $83,000. Farmers Insurance Group also pays on the lower end of the scale, paying $93,039.
Claims Manager Job Listings
What Are Popular Skills for Claims Managers?
Skills that pay less than market rate include Risk Management / Risk Control, Project Management, Insurance, Operations Management and Claim Handling.
What is the Pay by Experience Level for Claims Managers?
An early career Claims Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $63,864 based on 48 salaries. A mid-career Claims Manager with 5-9 years of experience earns an average total compensation of $74,949 based on 73 salaries. An experienced Claims Manager with 10-19 years of experience earns an average total compensation of $86,038 based on 135 salaries. In their late career (20 years and higher), employees earn an average total compensation of $91,066.
Pay Difference by Location
Employees with Claims Manager in their job title in Chicago, Illinois earn an average of 11.0% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (4.9% more) and Austin, Texas (2.2% more). The lowest salaries can be found in Tampa, Florida (9.2% less), Miami, Florida (7.6% less) and Dallas, Texas (2.1% less).
Years of Experience
This data is based on 359 survey responses.