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Insurance Appraiser Average Salary in Australia 2020

How much money does an Insurance Appraiser make in Australia?


Average Yearly Salary
93,500 AUD
( 7,790 AUD monthly)

LOW
43,900
AUD
AVERAGE
93,500
AUD
HIGH
148,000
AUD

A person working as an Insurance Appraiser in Australia typically earns around 93,500 AUD per year. Salaries range from 43,900 AUD (lowest) to 148,000 AUD (highest).

This is the average yearly salary including housing, transport, and other benefits. Insurance Appraiser salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Appraiser Salary Distribution in Australia

Median and salary distribution yearly Australia Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Australia range from 43,900 AUD per year (minimum salary) to 148,000 AUD per year (maximum salary).

  • Median Salary

    The median salary is 99,100 AUD per year, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 99,100 AUD while the other half are earning more than 99,100 AUD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Insurance Appraiser(s) are earning less than 64,400 AUD while 75% of them are earning more than 64,400 AUD. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 131,000 AUD while 25% are earning more than 131,000 AUD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Insurance Appraiser Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Australia Insurance Appraiser
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Insurance Appraiser salaries by experience level and this is what we found.

An Insurance Appraiser with less than two years of experience makes approximately 50,700 AUD per year.

While someone with an experience level between two and five years is expected to earn 69,900 AUD per year, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 99,500 AUD per year, 42% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 121,000 AUD per year, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 128,000 AUD per year, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 139,000 AUD per year, 9% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Australia

0 - 2 Years
50,700 AUD
2 - 5 Years+38%
69,900 AUD
5 - 10 Years+42%
99,500 AUD
10 - 15 Years+22%
121,000 AUD
15 - 20 Years+6%
128,000 AUD
20+ Years+9%
139,000 AUD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Insurance Appraiser Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Insurance Appraiser(s) who have the same experience but different education levels.

Salary comparison by education level yearly Australia Insurance Appraiser
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Insurance Appraiser salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Appraiser is 63,700 AUD per year.

While someone with a Bachelor's Degree gets a salary of 122,000 AUD per year, 91% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Australia

Certificate or Diploma
63,700 AUD
Bachelor's Degree+91%
122,000 AUD
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender yearly Australia Insurance Appraiser
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Insurance Appraiser employees in Australia earn 6% more than their female counterparts on average.

Male
96,200 AUD
Female-5%
91,000 AUD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Australia for all Careers

Salary comparison by gender yearly Australia
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Insurance Appraiser Average Annual Salary Increment Percentage in Australia

How much are annual salary increments in Australia for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in Australia are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Australia Insurance Appraiser
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Australia / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Australia is 6%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in Australia for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Insurance Appraiser Bonus and Incentive Rates in Australia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Australia Insurance Appraiser
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An Insurance Appraiser is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
34%
No Bonus
66%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Insurance Appraiser Average Hourly Wage in Australia


45 AUD per hour

The average hourly wage (pay per hour) in Australia is 45 AUD. This means that the average Insurance Appraiser in Australia earns approximately 45 AUD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Insurance Appraiser VS Other Jobs

Salary Comparison Between Insurance Appraiser and Insurance yearly Australia
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The average salary for Insurance Appraiser is 3% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst132,000 AUD+41%
Actuarial Assistant85,000 AUD-9%
Actuary122,000 AUD+30%
Adjustment Insurance Clerk36,100 AUD-61%
Assistant Broker58,700 AUD-37%
Assistant Claims Manager97,500 AUD+4%
Associate Insurance Representative49,200 AUD-47%
Auditing Insurance Manager146,000 AUD+56%
Broker92,800 AUD-1%
Claim Advocacy Professional97,800 AUD+5%
Claims Adjuster33,500 AUD-64%
Claims Analyst47,600 AUD-49%
Claims Examiner48,200 AUD-48%
Claims Manager133,000 AUD+42%
Claims Processor35,400 AUD-62%
Claims Representative42,500 AUD-55%
Claims Resolution Specialist106,000 AUD+13%
Claims Supervisor95,500 AUD+2%
Complaints Specialist90,100 AUD-4%
Compliance Officer77,500 AUD-17%
Consultant93,700 AUD+0%
Eligibility Specialist97,900 AUD+5%
Insurance Account Manager114,000 AUD+22%
Insurance Accounts Executive102,000 AUD+9%
Insurance Agent57,000 AUD-39%
Insurance Analyst96,700 AUD+3%
Insurance Appraiser93,500 AUD+0%
Insurance Claims Clerk35,100 AUD-62%
Insurance Examiner87,700 AUD-6%
Insurance Investigator91,200 AUD-2%
Insurance Manager160,000 AUD+71%
Insurance Operations Manager168,000 AUD+80%
Insurance Policy Processing Clerk36,500 AUD-61%
Insurance Pricing Assistant74,300 AUD-21%
Insurance Program Manager118,000 AUD+26%
Insurance Project Manager119,000 AUD+27%
Insurance Quality Assurance Agent81,000 AUD-13%
Insurance Sales Agent53,400 AUD-43%
Insurance Sales Director148,000 AUD+58%
Insurance Team Leader104,000 AUD+11%
Insurance Underwriter72,500 AUD-22%
Loss Control Specialist93,400 AUD-0%
Loss Prevention Investigator102,000 AUD+9%
Loss Prevention Manager131,000 AUD+40%
Loss Prevention Specialist96,900 AUD+4%
Marine Underwriter71,600 AUD-23%
Medical Auditor94,400 AUD+1%
Monitoring and Performance Officer65,000 AUD-30%
Payment Services Specialist98,200 AUD+5%
Policy Change Director141,000 AUD+51%
Policy Change Supervisor99,000 AUD+6%
Policy Change Technician45,000 AUD-52%
Risk Analyst107,000 AUD+14%
Risk Management Director187,000 AUD+100%
Risk Management Supervisor122,000 AUD+30%
Risk Manager167,000 AUD+79%
Risk Modeling Manager169,000 AUD+81%
Title Insurance Typist76,700 AUD-18%
Training Manager103,000 AUD+10%

Salary Comparison By City

CityAverage Salary
Adelaide97,500 AUD
Brisbane102,000 AUD
Canberra-Queanbeyan88,700 AUD
Gold Coast-Tweed90,700 AUD
Gosford85,500 AUD
Melbourne98,400 AUD
Newcastle91,600 AUD
Perth94,600 AUD
Sunshine Coast84,900 AUD
Sydney106,000 AUD
Wollongong87,600 AUD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Australia earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
88,600 AUD
Public Sector+5%
93,000 AUD
Percentage increase and decrease are relative to the previous value

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