How Much Do Insurance and Claim Adjusters Make in 2021 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

Annual Salary, Salary Range, and Highest Paying States and Industries

Insurance Adjusters and Investigators

Insurance Adjusters 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.

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Table of contents
  1. Average salary
  2. Starting salary
  3. Salary rank
  4. Salary range
  5. Highest paying states
  6. Highest paying industries

Average salary

Annual salary
$70650 per year
Hourly wage
$34 per hour

Starting salary

Entry-level annual salary
$41,950 to $52,160 per year
Entry-level hourly wage
$20 to $25 per hour

Entry-level Insurance Adjusters, Examiners and Investigators with little to no experience can expect to make anywhere between $41,950 to $52,160 per year or $20 to $25 per hour. Similar to any other job, their salary will increase as they gain experience.

Salary rank

Salary rank

We wanted to make it easy for our readers to compare the salary of Insurance Adjusters, Examiners and Investigators to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.

Salary range

Level Hourly Annual
Highest (Top 10%) $50 $103,610
Senior (Top 25%) $41 $85,820
Middle (Mid 50%) $33 $68,270
Junior (Bottom 25%) $25 $52,160
No experience (Bottom 10%) $20 $41,950

Highest paying states

State Hourly Annual
DC $43 $89,830
NJ $42 $86,730
CT $39 $81,800
CA $38 $79,570
MA $38 $78,100
NV $37 $77,620
MD $37 $77,000
NY $37 $76,360
WA $36 $75,860
RI $36 $74,980

Another simple way to increase your salary as an Insurance Adjuster, Examiner and Investigator is to move to a higher paying state. However moving to a higher paying state like DC doesn’t guarantee that you will make more because the expenses at DC might be much higher than where you are currently living at right now.

According to BLS, the highest paid Insurance and Claim Adjusters are in the states of DC, NJ, CT, CA and MA.

Highest paying industries

Salary by industry Annual Hourly
Natural Gas Distribution $98950 $47.57
Taxi and Limousine Service $88720 $42.65
Social Advocacy Organizations $84760 $40.75
Rail Transportation $80110 $38.52
Medical and Diagnostic Laboratories $80040 $38.48
Federal Executive Branch $79770 $38.35
Data Processing, Hosting, and Related Services $78340 $37.66
Computer Systems Design and Related Services $76110 $36.59
Local Government $73990 $35.57
Legal Services $71930 $34.58
Real Estate $71090 $34.18
Business, Professional, Labor, Political, and Similar Organizations $70130 $33.72
Insurance and Employee Benefit Funds $69910 $33.61
Insurance Carriers $69720 $33.52
Employment Services $69630 $33.47
Management of Companies and Enterprises $69510 $33.42
Agencies, Brokerages, and Other Insurance Related Activities $68860 $33.11
Electric Power Generation, Transmission and Distribution $68510 $32.94
Securities, Commodity Contracts, and Other Financial Investments and Related Activities $68450 $32.91
Elementary and Secondary Schools $68410 $32.89
Religious Organizations $68360 $32.87
Individual and Family Services $67920 $32.66
Nondepository Credit Intermediation $67370 $32.39
Office Administrative Services $67030 $32.23
Management, Scientific, and Technical Consulting Services $66560 $32.00
Accounting, Tax Preparation, Bookkeeping, and Payroll Services $66120 $31.79
Health and Personal Care Stores $64960 $31.23
Freight Transportation Arrangement $64860 $31.18
Offices of Physicians $64430 $30.97
Vocational Rehabilitation Services $63990 $30.77

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