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.
Table of contents
- Average salary
- Starting salary
- Salary rank
- Salary range
- Highest paying states
- Highest paying industries
Average salary
Starting salary
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.
Salary rank
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 |
Automotive Equipment Rental and Leasing | $42650 | $20.51 |
Office Administrative Services | $42650 | $20.50 |
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 |