Insurance Claims Adjuster Salary

Pay for Insurance Claims Adjusters in the United States sits in the ballpark of $51K annually. With some bonuses approaching $7K and certain profit sharing proceeds approaching $8K, overall incomes of Insurance Claims Adjusters spread between $34K and $74K depending on individual performance. Compensation for this group is mainly affected by the company, but career length and location are influential factors as well. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 52 percent. For the most part, Insurance Claims Adjusters enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage.

$37,529 - $72,568
$38K
$51K
$73K
MEDIAN: $51,254
10%
50%
90%

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$13.65 - $25.86
$14
$18
$26
MEDIAN: $18.03
10%
50%
90%

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$0$73K
Salary $37,529 - $72,568
Bonus $0.00 - $7,225
Profit Sharing $150.00 - $8,118
Commission $8,193
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).
)
$34,712 - $73,907
  • Country: United States
  • Currency: USD
  • Updated: 12 Oct 2017
  • Individuals Reporting: 911
Hourly Data $0$47
Hourly Rate $13.65 - $25.86
Overtime $23.71 - $47.87
Annual Data $0$73K
Bonus $0.00 - $7,225
Commission $8,193
Profit Sharing $150.00 - $8,118
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).
)
$34,712 - $73,907
  • Country: United States
  • Currency: USD
  • Updated: 12 Oct 2017
  • Individuals Reporting: 189

Job Description for Insurance Claims Adjuster

Insurance claims adjusters are responsible for investigating accidents to determine liability. They do this by having phone conversations with customers, obtaining police reports, and negotiating damage settlements. They document claim activity and provide fair settlement and claim resolutions to customers. The insurance claim adjuster must work to help customers feel satisfied while making cost-effective decisions that benefit their business.

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Insurance Claims Adjuster Tasks

  • Investigate and analyze insurance claims to determine extent of insurance company's liability.
  • Negotiate settlement of claims, calculate and authorize payment of claim settlements in accordance with policy and coverage.
  • Compile information derived from correspondence with claimant, witnesses and medical specialists.

Common Career Paths for Insurance Claims Adjuster


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At the upper end, Insurance Claims Adjusters who move into an Attorney role can end up with a hefty increase in pay. The average income for Attorneys is a much higher $81K per year. Insurance Claims Adjusters most frequently advance into Claims Examiner or Investigator and Claims Adjuster roles even though the median salaries are $5K lower and $3K lower, respectively.

Insurance Claims Adjuster Job Listings

Popular Employer Salaries for Insurance Claims Adjuster


Leading companies who hire large numbers of Insurance Claims Adjusters include Allstate, State Farm Insurance Company, Progressive Casualty Insurance Company, Farmers Insurance Group, and Geico. Nationwide Mutual Insurance Company attracts talent by shelling out the biggest paychecks in the area — the median in that office is $61K. Those in search of high salaries should also consider The Travelers Companies, Inc., American Family Insurance Group, and Progressive Casualty Insurance Company, top-paying firms where Insurance Claims Adjusters rake in a $57K, $54K, or $54K, respectively.

Workers at Esurance, Inc., Usaa Insurance, and Geico also face smaller salaries than the rest of the field — average earnings for these employers come to $41K, $41K, and $46K respectively.

Popular Skills for Insurance Claims Adjuster


Insurance Claims Adjusters report using a diverse set of skills on the job. Most notably, facility with Litigation Case Management, Construction Estimating, and Negotiation are correlated to pay that is significantly above average, leading to increases of 31 percent, 14 percent, and 5 percent, respectively. For most people, competency in Claim Handling indicates knowledge of Negotiation.

Pay by Experience Level for Insurance Claims Adjuster

Pay by Experience for an Insurance Claims Adjuster has a positive trend. An entry-level Insurance Claims Adjuster with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 656 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Claims Adjuster with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $53,000 based on 293 salaries. An experienced Insurance Claims Adjuster which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $59,000 based on 278 salaries. An Insurance Claims Adjuster with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $67,000 based on 136 salaries.

Pay Difference by Location

17%

14%

9%

7%

-3%

-12%

-15%

-19%

-22%

National Average: $50,519

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

New York is home to an above-average pay rate for Insurance Claims Adjusters, 19 percent higher than the national average. Insurance Claims Adjusters can also look forward to large paychecks in cities like Minneapolis (+17 percent), Denver (+15 percent), Dallas (+10 percent), and Chicago (+8 percent). Location is a huge contributor to overall pay, with Insurance Claims Adjusters in Tampa earning a whopping 22 percent below the national average. Two other places where employers offer below-median salaries are Orlando (18 percent less) and Des Moines (14 percent less).

Insurance Claims Adjuster Reviews

Q: What is it like working as an Insurance Claims Adjuster?

Insurance Claims Adjuster in Chicago:
"Constant, detailed.relentless."
Pros: There is always something to do, and every claim is different.
Cons: Software needs to be updated.

Insurance Claims Adjuster in Hot Springs:
"Puzzles and People."
Pros: It's always different- no two claims are alike! It's very challenging to piece the claim together but rewarding all the same.
Cons: It can be a lot of drive time depending on your territory. It's also easy to get behind and then get overloaded and be up to midnight working during storm season.

Insurance Claims Adjuster in Wilton:
"Responsive and adaptive marine claim handling."
Pros: Work from home if need be. Interesting cases/work.
Cons: Downtime in the office. Difficult clients.

Insurance Claims Adjuster in Tampa:
"Tediuos."
Pros: Commission.
Cons: Work.

Insurance Claims Adjuster in Statesville:
"Experienced crop adjuster."
Pros: Helping farmers in time of need.
Cons: Spring training.

Insurance Claims Adjuster in Ann Arbor:
Pros: I like the people I work with. I am able to call off when I am sick and have time off for vacation.
Cons: I do not like that I have to provide my own cell phone but must use it on my business cards.

Insurance Claims Adjuster in Auburn:
Pros: My coworkers.
Cons: There is way too much stress and pressure. Not enough staff for the amount of claims we are working on. I am salary but end up working an average 60 hrs a week.

Related Job Salaries

Key Stats for Insurance Claims Adjuster

Gender

Female
51 %
Male
49 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 198 votes.
Less than 1 year
9%
1-4 years
40%
5-9 years
19%
10-19 years
20%
20 years or more
13%

Experience Affects Insurance Claims Adjuster Salaries

▲33%

▲16%

▲5%

National Average
$51,000

▼13%

Skills That Affect Insurance Claims Adjuster Salaries

Litigation Case Management
▲30%


▲4%


National Average
$51,000

▼1%

Customer Service
▼2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 198 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
9%
1-4 years
40%
5-9 years
19%
10-19 years
20%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 77%
vision benefits
Vision: 69%
no benefits
None: 13%