How Much Do Insurance Policy Clerks Make in 2021 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

2021 Annual Salary, Salary Range, and Highest Paying States and Industries

Insurance Policy Processing Clerks

Insurance Policy Processing Clerks process applications for, changes to, reinstatement of, and cancellation of insurance policies. Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform to insured party's specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.

Salary
$45070
Becoming One
Easy
Education
No degree required
Job Satisfaction
Job Growth

Personality




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
$45070 per year
Hourly wage
$22 per hour

Starting salary

Entry-level annual salary
$29,480 to $35,050 per year
Entry-level hourly wage
$14 to $17 per hour

Entry-level Insurance Policy Processing Clerks with little to no experience can expect to make anywhere between $29,480 to $35,050 per year or $14 to $17 per hour. Similar to any other job, their salary will increase as they gain experience.


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Salary rank

Salary rank
C

We wanted to make it easy for our readers to compare the salary of Insurance Policy Processing Clerks 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%) $31 $64,460
Senior (Top 25%) $25 $52,150
Middle (Mid 50%) $20 $42,050
Junior (Bottom 25%) $17 $35,050
No experience (Bottom 10%) $14 $29,480

Highest paying states

State Hourly Annual
CT $28 $58,600
DC $28 $58,500
AK $28 $57,280
NY $25 $52,910
WA $25 $52,080
CO $25 $51,570
NJ $25 $51,550
MA $25 $51,190
CA $24 $49,290
MD $24 $49,060

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

According to BLS, the highest paid Insurance Policy Clerks are in the states of CT, DC, AK, NY and WA.

Highest paying industries

Salary by industry Annual Hourly
Highway, Street, and Bridge Construction $66620 $32.03
Postal Service (Federal Government) $61410 $29.52
Securities, Commodity Contracts, and Other Financial Investments and Related Activities $57350 $27.57
Business, Professional, Labor, Political, and Similar Organizations $50350 $24.21
Psychiatric and Substance Abuse Hospitals $49770 $23.93
Computer Systems Design and Related Services $49300 $23.70
State Government $48760 $23.44
Offices of Dentists $47180 $22.68
Local Government $46950 $22.57
Insurance and Employee Benefit Funds $46270 $22.25
Management, Scientific, and Technical Consulting Services $46220 $22.22
Insurance Carriers $46050 $22.14
Management of Companies and Enterprises $45550 $21.90
Residential Building Construction $45470 $21.86
Specialty Hospitals $45020 $21.64
Agencies, Brokerages, and Other Insurance Related Activities $44970 $21.62
Outpatient Care Centers $44720 $21.50
Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities $44630 $21.46
Other Ambulatory Health Care Services $44440 $21.37
Colleges, Universities, and Professional Schools $44110 $21.20
Travel Arrangement and Reservation Services $43860 $21.08
Nondepository Credit Intermediation $43790 $21.05
Employment Services $43600 $20.96
Office Administrative Services $42650 $20.50
Automotive Equipment Rental and Leasing $42650 $20.51
Health and Personal Care Stores $41170 $19.80
Truck Transportation $41170 $19.80
Other Professional, Scientific, and Technical Services $41120 $19.77
Data Processing, Hosting, and Related Services $40760 $19.60
Medical and Diagnostic Laboratories $40520 $19.48

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