This Week in Career Advice: How Much Do Claims Adjusters Make?

August 25, 2017 | By More

Whether you’re asking for money, or simply curious what others claims adjusters earn, having a sense of how much you should be making is crucial to your professional well-being. Let’s review what the standard claims adjuster earns in 2017.

Know What You’re Worth: National Average

According to the Bureau of Labor Statistics, the median annual salary (ie the wage at which half the workers in an occupation earned either above or below) for claims adjusters was $63,680 in May 2016. The lowest 10 percent earned less than $37,540, and the highest 10 percent earned more than $95,760.

In May 2016, the average annual salary for claims adjusters working in the federal government was $73,040 while state and local claims adjusters (excluding education and hospitals) earned $59,130. Other top industries for claims adjusters include insurance carriers ($62,530), management of companies and enterprises ($61,75), agencies, brokerages, and other insurance related activities ($61,270).

 

 

Know What You’re Worth: By City

Broken down by skill-level and location, the results are slightly different according to Salary.com:  

New York, NY

  • Entry – $52,360
  • Mid-Level – $69,114
  • Senior – $84,871

Los Angeles, CA

  • Entry – $48,960
  • Mid-Level – $64,625
  • Senior – $79,359

Chicago, IL

  • Entry – $46,213
  • Mid-Level – $61,000
  • Senior – $74,907

Dallas, TX

  • Entry – $43,292
  • Mid-Level – $57,144
  • Senior – $70,173

 

For more claims adjuster salary information, visit www.insurancejobs.com.

 

 

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