hourly pay for Insurance Policy Processing Clerks
do Insurance Policy Processing Clerks make a lot of money

Insurance Policy Processing Clerks

Other names for this job might include Account Administrator, Account Manager, Administrative Underwriter, Agency Service Coordinator, Agency Service Representative, Associate Financial Representative, Cancellation Clerk, Claims Assistant, Claims Processor, Commercial Customer Service Representative

  • $40780
  • 66%
    Job satisfaction
  • Easy
    Becoming one
  • Medium
    Job growth
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How Much Do Insurance Policy Clerks Make In 2018

In this salary guide, you will find out how much do Insurance Policy Processing Clerks make.

After reading this, you will be able to make a decision if working as an Insurance Policy Processing Clerk will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).

Average salary

Annual salary
$40780 per year
Hourly wage
$19.610 per hour

One of the most popular questions we get from our readers here at OwlGuru is how much do Insurance Policy Clerks make per year and what is their hourly wage.

According to BLS, the average annual salary of Insurance Policy Clerks is $40780. Their salary can also be as low as $26510 if you’re still a newbie with no experience to over $59310 if you have a ton of experience under your belt.

The typical hourly pay is $19.610 and can range from $12.740 to $28.510 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of An Insurance Policy Clerk will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank

We wanted to make it easy for our readers to compare the salary of An Insurance Policy Clerk to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Insurance Policy Clerks make with other careers, they have a salary rank of C.

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Salary range

Highest (Top 10%)$28.510$59310
Senior (Top 25%)$23.080$48000
Middle (Mid 50%)$18.480$38430
Junior (Bottom 25%)$15.240$31700
No experience (Bottom 10%)$12.740$26510

Entry-level Insurance Policy Clerks who starts out at $31700 can expect to make $38430 after 3-5 years of experience in the field.

The bottom 10% makes less than $12.740 per hour while the top 10% makes over $28.510 per hour.

While the median wage is $38430 per annum or $18.480 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.

Highest paying industries

Industry nameHourly wageAnnual salary
Postal Service (federal government)26.7555640
Federal government, including the US Postal Service25.5153060
Religious, Grantmaking, Civic, Professional, and Similar Organizations22.145970
Activities Related to Credit Intermediation21.6945120
Home Health Care Services21.3144330
Transportation and Warehousing21.2844260
Educational Services, State government owned20.8743410
Colleges, universities, and professional schools, State government owned20.8743410
Business, Professional, Labor, Political, and Similar Organizations20.8243300
Other Financial Investment Activities20.843270
Securities, Commodity Contracts, and Other Financial Investments and Related Activities20.743050
Other Services (except Federal, State, and Local Government)20.5342710
Credit Intermediation and Related Activities20.5342700
Outpatient Care Centers20.4542540
Colleges, Universities, and Professional Schools (including private, state, and local government schools)20.3942420
Local Government, excluding schools and hospitals20.3442310
Securities and Commodity Contracts Intermediation and Brokerage20.2542130
Federal, State, and Local Government20.2642130
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service20.2642130
State Government, excluding schools and hospitals20.2442110
State government, including schools and hospitals20.1841980
Educational Services (including private, state, and local government schools)20.1441880
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service19.9141420
Elementary and Secondary Schools (including private, state, and local government schools)19.6140780
Educational Services, Local government owned19.4440430
Elementary and Secondary Schools, Local government owned19.4440430
Insurance Carriers19.1339790
Direct Insurance (except Life, Health, and Medical) Carriers19.0739670
General Medical and Surgical Hospitals, State government owned19.0439600
General Medical and Surgical Hospitals, Privately owned18.9439390
Hospitals, Privately owned18.9339360
Management of Companies and Enterprises18.9139330
Pharmacies and Drug Stores18.8739260
Hospitals, State government owned18.839090
Finance and Insurance18.7138920
Local government, including schools and hospitals18.7138920
Insurance Carriers and Related Activities18.6638800
General Medical and Surgical Hospitals (including private, state, and local government hospitals)18.6338760
All industries18.6338740
All industries, private ownership only18.6138720
Hospitals (including private, state, and local government hospitals)18.6238720
Other Insurance Related Activities18.5338530
Automobile Dealers18.3138080
Miscellaneous Manufacturing18.237850
Medical Equipment and Supplies Manufacturing18.237850
Health Care and Social Assistance (including private, state, and local government hospitals)18.1137670
Nondepository Credit Intermediation18.0637560
Agencies, Brokerages, and Other Insurance Related Activities18.0537550
Legal Services18.0537540
Motor Vehicle and Parts Dealers18.0437530
Other Nondepository Credit Intermediation17.9337290
Offices of Physicians17.9137250
Insurance Agencies and Brokerages17.8837180
Medical and Diagnostic Laboratories17.7636950
Ambulatory Health Care Services17.7436890
Social Assistance17.636620
Individual and Family Services17.636620
Accounting, Tax Preparation, Bookkeeping, and Payroll Services17.5536500
Automotive Equipment Rental and Leasing17.5336470
Electronic Shopping and Mail-Order Houses17.5336460
Real Estate and Rental and Leasing17.4836350
Computer Systems Design and Related Services17.3636120
Depository Credit Intermediation17.3436060
Rental and Leasing Services17.3136010
Professional, Scientific, and Technical Services17.2835940
Nonstore Retailers17.1935760
Outpatient Mental Health and Substance Abuse Centers17.1235600
Office Administrative Services17.0735500
Employment Services16.9835310
Sector 56- Administrative and Support and Waste Management and Remediation Services16.9135170
Administrative and Support Services16.9135170
Retail Trade16.8835110
Management, Scientific, and Technical Consulting Services16.6734670
Truck Transportation16.6534630
Travel Arrangement and Reservation Services16.534310
Merchant Wholesalers, Durable Goods16.4534210
Health and Personal Care Stores16.434120
General Freight Trucking16.434110
Architectural, Engineering, and Related Services16.3433990
Wholesale Trade16.233690
Hospitals, Local government owned16.1733640
General Medical and Surgical Hospitals, Local government owned16.1733640
Offices of Dentists15.8933040
Offices of All Other Health Practitioners15.8833040
Business Support Services15.7932840
Offices of Optometrists15.6732590
Social Advocacy Organizations15.4332090
Telephone Call Centers15.1231440
Personal and Laundry Services15.0431290
Offices of Other Health Practitioners14.6230400
Merchant Wholesalers, Nondurable Goods14.3429840
Offices of Chiropractors12.4625920

Not all industries pay the same for Insurance Policy Processing Clerks.

One of the easiest way to increase your salary is to change industries and find a higher paying one.

Highest paying states


Another simple way to boost your pay as An Insurance Policy Clerk is to move to a higher paying state. However moving to a higher paying state like DC doesn’t mean you will make more overall. This is because the expenses at DC may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Insurance Policy Clerks are in the states of DC, CT, NY, CO and AK. The average salary in DC is $51370.

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Rank: B
Salary: $35540

They locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer’s account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; and keeping records of collection and status of accounts.
Rank: C+
Salary: $34500

They perform routine clerical and administrative functions such as drafting correspondence, scheduling appointments, organizing and maintaining paper and electronic files, or providing information to callers.
Rank: C
Salary: $34890

They interview persons desiring to open accounts in financial institutions. Explain account services available to prospective customers and assist them in preparing applications.
Rank: C
Salary: $30820

They perform duties too varied and diverse to be classified in any specific office clerical occupation, requiring knowledge of office systems and procedures. Clerical duties may be assigned in accordance with the office procedures of individual establishments and may include a combination of answering telephones, bookkeeping, typing or word processing, stenography, office machine operation, and filing.
Rank: C
Salary: $27830

They answer inquiries and provide information to the general public, customers, visitors, and other interested parties regarding activities conducted at establishment and location of departments, offices, and employees within the organization.

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Career type

Office and Administration Administrative and Information Support
Insurance Services

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Additional resources

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