INSURANCE CLAIMS ADJUSTER SALARY

INSURANCE CLAIMS ADJUSTER SALARY

According to the most recent U.S. Bureau of Labor Statistics data, the average annual wage for all insurance examiners, adjusters, and investigators is $68,270. However, the salary range is quite broad. According to the BLS, “most” (80 percent) earn between $40,000 and $100,000. The bottom ten percent earn less, while the top ten percent earn more. When a salary range is that wide, it’s critical to delve deeper and discover what factors influence an insurance claims adjuster salary and how much each type of insurance adjuster can expect to earn.

How Much Does A Claims Adjuster Make By Type?

In the article on how to become an insurance claims adjuster, we explained that there are four major “lines” of insurance that are grouped into two broad categories: Life and health insurance versus property and casualty insurance

There are numerous other “types” of insurance adjusting work, such as field vs. desk, daily vs. catastrophe, auto vs. property, commercial vs. personal. Some of these will have an effect on your income, while others will not.

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The decision to work for an insurance company, an IA (independent adjusting) firm, or the policyholder as a public adjuster, however, ties all of these differences together and best defines your earning potential.

Licensed Insurance Claims Adjuster Salary

In the United States, the average annual salary for a Licensed Insurance Adjuster is $74,199. This figure represents the median, which is the midpoint of the salary ranges calculated by our proprietary Total Pay Estimate model and based on data gathered from our users. The annual base salary is estimated to be $59,529 USD. The extra pay is estimated to be $14,670 per year. Cash bonuses, commissions, tips, and profit-sharing could all be part of the package. The “Most Likely Range” represents values that fall between the 25th and 75th percentiles of all available pay data for this role.

What does a Licensed Adjuster earn?

The average annual salary for a Licensed Adjuster in the United States is $57,306 as of February 28, 2022. In case you need a quick salary calculator, that works out to about $27.55 per hour. This equates to $1,102 per week or $4,776 per month.

While ZipRecruiter reports annual salaries as high as $100,000 and as low as $23,000, the majority of licensed adjuster salaries in the United States currently range from $42,500 (25th percentile) to $65,500 (75th percentile), with top earners (90th percentile) making $82,500. The average pay range for a licensed adjuster is significantly higher (up to $23,000), implying that there may be numerous opportunities for advancement and increased pay based on skill level, location, and years of experience.

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According to recent ZipRecruiter job postings, the licensed adjuster job market in Chicago, IL, and the surrounding area is very active. A licensed adjuster in your area earns an average of $58,663 per year, which is $1,357 (2%) more than the national average annual salary of $57,306. Licensed adjuster salaries in California are the highest in the country, ranking first out of 50 states.

ZipRecruiter continuously scans its database of millions of active jobs published locally across America to estimate the most accurate annual salary range for Licensed Adjuster jobs. Today, use ZipRecruiter to find your next high-paying job as a Licensed Adjuster.

What are the Top 10 Cities with the Highest Paying Licensed Adjuster Jobs?

We’ve identified ten cities where the average licensed adjuster salary is higher than the national average. San Jose, CA is at the top of the list, followed by Oakland, CA, and Tanaina, AK in second and third place, respectively. Tanaina, AK outperforms the national average by $12,342 (21.5%), and San Jose, CA outperforms the national average by another $13,474 (23.5%).

Importantly, the licensed adjuster job market in San Jose, CA is moderately active, with only a few companies currently hiring for this position. With average salaries higher than the national average in these ten cities, the opportunities for economic advancement by changing locations as a licensed adjuster appear to be extremely fruitful.

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Finally, another factor to consider is that the average salary in these top ten cities varies only by 7% between San Jose, CA, and Seaside, reinforcing the limited potential for wage advancement. When considering location and salary for a licensed adjuster role, the possibility of a lower cost of living may be the most important factor to consider.

What are Top 5 Best Paying Related Licensed Adjuster Jobs in the U.S.

We discovered at least five jobs in the Licensed Adjuster job category that pay more per year than the average Licensed Adjuster salary. These roles include Independent Property Adjuster, Remote Independent Adjuster, and Property Loss Adjuster, to name a few.

Notably, all of these positions pay between $27,255 (47.6%) and $73,004 (127.4%) more than the average Licensed Adjuster salary of $57,306. If you are qualified, being hired for one of these related licensed adjuster jobs may allow you to earn more money than the average licensed adjuster position.

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Job TitleAnnual SalaryMonthly PayWeekly PayHourly Wage
Independent Property Adjuster$130,310$10,859$2,506$62.65
Remote Independent Adjuster$94,798$7,900$1,823$45.58
Property Loss Adjuster$93,733$7,811$1,803$45.06
Senior General Adjuster$85,491$7,124$1,644$41.10
Property General Adjuster$84,561$7,047$1,626$40.65
Table of five jobs in the Licensed Adjuster job category

Independent Insurance Claims Adjuster Salary

In the United States, the average Independent Insurance Adjuster earns $63,557 per year. Independent Insurance Adjusters earn the most in Los Angeles, with an average total compensation of $63,557, which is 0% higher than the national average.

Salary Ranges for Independent Insurance Adjusters

Independent Insurance Adjusters earn salaries ranging from $37,880 to $94,190 per year in the United States, with a median salary of $62,980. The middle 60% of Independent Insurance Adjusters earn $62,980, while the top 80% earn $94,190.

How much tax will you have to pay as an Independent Insurance Adjuster

In 2018, an individual filing in this tax bracket would pay an estimated average federal tax of 22%. Independent Insurance Adjusters could expect a take-home pay of $53,635 per year after a federal tax rate of 22% is deducted, with each paycheck equaling approximately $2,235.

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Quality of Life for Independent Insurance Adjusters

With a monthly take-home pay of approximately $4,470 and a median 2BR apartment rental price of $2,506/mo**, an Independent Insurance Adjuster would pay 56.07 percent of their monthly take-home salary towards rent.

Pet Insurance Claims Adjuster Salary

The average annual salary for a Pet Insurance Claims Adjuster in York is $48,577 as of February 28, 2022. In case you need a quick salary calculator, that works out to about $23.35 per hour. This equates to $934 per week or $4,048 per month.

While ZipRecruiter reports salaries ranging from $77,561 to $19,630, the majority of Pet Insurance Claims Adjuster salaries in York currently range from $31,120 (25th percentile) to $55,538 (75th percentile), with top earners (90th percentile) earning $68,465 per year.

The average pay range for a Pet Insurance Claims Adjuster varies greatly (up to $24,418), implying that there may be numerous opportunities for advancement and increased pay based on skill level, location, and years of experience.

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According to recent ZipRecruiter job postings, the Pet Insurance Claims Adjuster job market in York, PA, and the surrounding area is very active.

ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America to estimate the most accurate annual salary range for Pet Insurance Claims Adjuster jobs. Today, use ZipRecruiter to find your next high-paying job as a Pet Insurance Claims Adjuster.

What are the Top 5 Highest-Paying Pet Insurance Claims Adjuster Jobs in York?

We discovered at least 5 jobs related to Pet Insurance Claims Adjuster that pay more per year than the average Pet Insurance Claims Adjuster salary in York, PA. Senior Adjuster, General Adjuster, and Remote Independent Insurance Adjuster are just a few examples of these positions.

Importantly, all of these positions pay between $12,187 (25.1%) and $33,876 (69.7%) more than the average Pet Insurance Claims Adjuster salary of $48,577. If you are qualified, being hired for one of these related Pet Insurance Claims Adjuster jobs may allow you to earn more money than the average Pet Insurance Claims Adjuster position.

Start Your Career as a Claim Adjuster Online

Are you ready to begin your career as a claims adjuster?

In many states, you can complete your pre-licensing courses online and at your own pace. It’s both inexpensive and convenient. Employers will expect you to become licensed even if you live in a state; that does not have its own licensing process! You must obtain your license in a state that has a reciprocal agreement with yours. We recommend obtaining a Texas adjuster’s license because the state has a high claims volume; reciprocal agreements with 28 other states.

Frequently Asked Questions

Is insurance adjuster a stressful job?

The job of a claims adjuster is very stressful because it entails a lot of high-demanding activities. However, if you put in the effort and dedication, the rewards far outweigh all of the job’s difficult demands.

How do you become an insurance adjuster?

  • Finish Your Education. A high school diploma or GED equivalent is required to work as a claims adjuster.
  • Determine Your Insurance Adjuster Career Goals.
  • Take and pass an insurance licensing course and exam.
  • Maintain Your Licensure (Continuing Education)

How do I become a claims adjuster in Georgia?

Completing a 40-hour Adjuster pre-licensing course is required. Pass the Georgia state exam, which is given by Pearson VUE Testing Centers. Fill out the Georgia Insurance Adjuster License application and send it in along with the $65 application fee. Fingerprinting and a basic background check are required.

What do insurance adjusters wear?

Adjusters are almost always expected to dress appropriately. The dress code varies by company, but in general, you should expect to wear a sharp polo and khakis. Jeans aren’t appropriate, and t-shirts, unless distributed specifically for use in the field, are too casual.

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