Insurance Adjusters, Examiners and Investigators: Salary, Job Description, How To Be One and More

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Insurance Adjusters and Investigators career information
pros and cons of being an Insurance Adjuster, Examiner and Investigator

Insurance Adjusters, Examiners and Investigators

investigate, analyze, and determine the extent of insurance company’s liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, witnesses, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.

$67540
Salary
67%
Job Satisfaction
Hard
Becoming One
Low
Job Growth
Suitable Personality

Insurance Adjusters, Examiners and Investigators

Salary, Job Description, How To Be One and More


In this career summary, you will find out what the job of an Insurance Adjuster, Examiner and Investigator is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Insurance Adjusters, Examiners and Investigators investigate, analyze, and determine the extent of insurance company’s liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, witnesses, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.


    Read more about what does an Insurance Adjuster, Examiner and Investigator really do at work and what is it like being and working as one.




    Become one

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    Salary

    Average salary
    $67540 per year

    Average hourly wage
    $32 per hour


    Insurance Adjusters and Investigators with little to no experience tend to make between $39620 and $50020 while the more experienced ones can earn over $81390 per year.

    Top 5 paying statesHourlyAnnual
    CT$38$78,590
    MA$37$76,150
    NJ$36$74,260
    DC$36$74,210
    AK$35$73,370

    One of the easiest ways to increase your salary as an Insurance Adjuster, Examiner and Investigator is to move to a higher paying state like CT. Right now, the highest paying states for Insurance Adjusters and Investigators are CT, MA, NJ, DC and AK.

    However a higher pay at CT doesn’t guarantee that you will make more because the living expenses at CT might be twice as high than where you are currently at now.

    Three other factors that can increase your salary as an Insurance Adjuster, Examiner and Investigator is the degree you hold, the industry you work in and lastly the company you work for.



    Requirements

    Recommended degree level
    Bachelor’s Degree

    We asked other Insurance Adjusters and Investigators what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a High School Diploma.

    Other than that, we also asked them what did they major in and here are the most popular majors that came up.

    Health/Medical Claims Examiner
    Insurance

    Read more about how to become an Insurance Adjuster, Examiner and Investigator and the degree, training and education you need.



    Pros and Cons

    Here are some of the pros and cons of being an Insurance Adjuster, Examiner and Investigator.

    PROS
    Suitable for people who likes to follow routines
    Suitable for people who wants to work in a supportive work environment
    This career is perfect for people who love to work indoors.
    Very good salary
    Normal working hours (40 hours per week)
    CONS
    Not suitable for people who likes to work with designs



    What is the job like

    Job satisfaction
    67%

    Is this job meaningful
    43%


    67% of Insurance Adjusters and Investigators said they were satisfied with their job and 43% said they feel like their job is making other people’s lives better.



    Is this right for me

    Best personality for this career
    The Organizers and The Entrepreneurs


    You can read more about these career personality types here.

    People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..

    They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



    How we can help

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