Insurance Rater Salary

Insurance Raters in the United States are not likely to strike it rich; they only make around $41K annually on average. Most workers in this position report moderate levels of job satisfaction. The vast majority of Insurance Raters (80 percent) who responded to the survey are women. Nearly all get medical and dental insurance, and a strong majority get vision plans, too. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$33,935 - $51,952
$34K
$42K
$52K
MEDIAN: $41,780
10%
50%
90%

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$11.04 - $20.62
$11
$16
$21
MEDIAN: $16.26
10%
50%
90%

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$0$51K
Salary $33,935 - $51,952
Bonus $1,983
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).
)
$26,129 - $51,181
  • Country: United States
  • Currency: USD
  • Updated: 14 Sep 2017
  • Individuals Reporting: 27
Hourly Data $0$25
Hourly Rate $11.04 - $20.62
Overtime $25.04
Annual Data $0$51K
Bonus $1,983
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).
)
$26,129 - $51,181
  • Country: United States
  • Currency: USD
  • Updated: 14 Sep 2017
  • Individuals Reporting: 15

Find Out Exactly What You Should Be Paid

United States (change)

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

  • Update and compile rate and policy changes.
  • Perform calculations to determine rates and premiums.
  • Process and resolve requests, complaints and other issues on accounts.
  • Enter and update data.

Insurance Rater Job Listings

Pay by Experience Level for Insurance Rater

Pay by Experience for an Insurance Rater has a positive trend. An entry-level Insurance Rater with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 33 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Rater with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $37,000 based on 10 salaries. An experienced Insurance Rater which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $43,000 based on 13 salaries. An Insurance Rater with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $44,000 based on 8 salaries.

Key Stats for Insurance Rater

Gender

Female
81 %
Male
19 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.
Less than 1 year
12%
1-4 years
29%
5-9 years
12%
10-19 years
21%
20 years or more
26%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Rater Salaries

Experienced
▲8%

Late-Career
▲8%

National Average
$40,000

Mid-Career
▼9%

Entry-Level
▼11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
12%
1-4 years
29%
5-9 years
12%
10-19 years
21%
20 years or more
26%

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 97%
vision benefits
Vision: 79%
no benefits
None:
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