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Insurance Appraiser Average Salary in United States 2020

How much money does an Insurance Appraiser make in United States?


Average Yearly Salary
94,400 USD
( 7,870 USD monthly)

LOW
44,400
USD
AVERAGE
94,400
USD
HIGH
149,000
USD

A person working as an Insurance Appraiser in United States typically earns around 94,400 USD per year. Salaries range from 44,400 USD (lowest) to 149,000 USD (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 United States

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

  • Salary Range

    Insurance Appraiser salaries in United States range from 44,400 USD per year (minimum salary) to 149,000 USD per year (maximum salary).

  • Median Salary

    The median salary is 100,000 USD per year, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 100,000 USD while the other half are earning more than 100,000 USD. 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 65,000 USD while 75% of them are earning more than 65,000 USD. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 132,000 USD while 25% are earning more than 132,000 USD.


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 United States 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 51,200 USD per year.

While someone with an experience level between two and five years is expected to earn 70,600 USD 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 100,000 USD 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 122,000 USD 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 129,000 USD 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 141,000 USD per year, 9% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in United States

0 - 2 Years
51,200 USD
2 - 5 Years+38%
70,600 USD
5 - 10 Years+42%
100,000 USD
10 - 15 Years+22%
122,000 USD
15 - 20 Years+6%
129,000 USD
20+ Years+9%
141,000 USD
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 United States 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 64,300 USD per year.

While someone with a Bachelor's Degree gets a salary of 123,000 USD per year, 91% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in United States

Certificate or Diploma
64,300 USD
Bachelor's Degree+91%
123,000 USD
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 United States 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 United States earn 6% more than their female counterparts on average.

Male
97,000 USD
Female-5%
92,000 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in United States 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 United States 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.

United States / 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 United States 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 United States 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 United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States 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 United States


45 USD per hour

The average hourly wage (pay per hour) in United States is 45 USD. This means that the average Insurance Appraiser in United States earns approximately 45 USD 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 United States
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The average salary for Insurance Appraiser is 1% less 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 USD+40%
Actuarial Assistant95,600 USD+1%
Actuary135,000 USD+43%
Adjustment Insurance Clerk35,600 USD-62%
Assistant Broker61,500 USD-35%
Assistant Claims Manager106,000 USD+12%
Associate Insurance Representative48,700 USD-48%
Auditing Insurance Manager147,000 USD+56%
Broker101,000 USD+7%
Claim Advocacy Professional96,100 USD+2%
Claims Adjuster37,700 USD-60%
Claims Analyst49,200 USD-48%
Claims Examiner50,700 USD-46%
Claims Manager142,000 USD+50%
Claims Processor34,700 USD-63%
Claims Representative44,500 USD-53%
Claims Resolution Specialist106,000 USD+12%
Claims Supervisor95,300 USD+1%
Complaints Specialist84,600 USD-10%
Compliance Officer80,100 USD-15%
Consultant99,200 USD+5%
Eligibility Specialist99,300 USD+5%
Insurance Account Manager123,000 USD+30%
Insurance Accounts Executive104,000 USD+10%
Insurance Agent57,300 USD-39%
Insurance Analyst90,200 USD-4%
Insurance Appraiser94,400 USD+0%
Insurance Claims Clerk36,000 USD-62%
Insurance Examiner91,400 USD-3%
Insurance Investigator87,400 USD-7%
Insurance Manager164,000 USD+74%
Insurance Operations Manager158,000 USD+67%
Insurance Policy Processing Clerk35,500 USD-62%
Insurance Pricing Assistant73,800 USD-22%
Insurance Program Manager133,000 USD+41%
Insurance Project Manager126,000 USD+34%
Insurance Quality Assurance Agent86,400 USD-8%
Insurance Sales Agent58,500 USD-38%
Insurance Sales Director166,000 USD+76%
Insurance Team Leader97,100 USD+3%
Insurance Underwriter71,200 USD-25%
Loss Control Specialist92,900 USD-2%
Loss Prevention Investigator103,000 USD+9%
Loss Prevention Manager134,000 USD+42%
Loss Prevention Specialist101,000 USD+7%
Marine Underwriter71,500 USD-24%
Medical Auditor96,900 USD+3%
Monitoring and Performance Officer66,700 USD-29%
Payment Services Specialist99,200 USD+5%
Policy Change Director148,000 USD+57%
Policy Change Supervisor105,000 USD+11%
Policy Change Technician48,600 USD-49%
Risk Analyst108,000 USD+14%
Risk Management Director192,000 USD+100%
Risk Management Supervisor115,000 USD+22%
Risk Manager177,000 USD+88%
Risk Modeling Manager182,000 USD+93%
Title Insurance Typist81,400 USD-14%
Training Manager107,000 USD+13%

Salary Comparison By City

CityAverage Salary
Atlanta88,600 USD
Austin108,000 USD
Baltimore93,000 USD
Boston101,000 USD
Bristol76,800 USD
Chicago119,000 USD
Cincinnati85,800 USD
Cleveland84,500 USD
Dallas104,000 USD
Denver106,000 USD
Detroit99,400 USD
Honolulu80,300 USD
Houston109,000 USD
Indianapolis107,000 USD
Iowa City80,800 USD
Jacksonville103,000 USD
Kansas City93,900 USD
Kent77,900 USD
Las Vegas95,500 USD
Long Beach91,200 USD
Los Angeles116,000 USD
Memphis100,000 USD
Miami92,100 USD
Minneapolis87,800 USD
New Orleans86,400 USD
New York117,000 USD
Oakland93,600 USD
Oklahoma City98,900 USD
Orlando79,800 USD
Philadelphia112,000 USD
Phoenix115,000 USD
Sacramento98,900 USD
San Antonio112,000 USD
San Diego105,000 USD
San Francisco99,800 USD
San Jose108,000 USD
Seattle106,000 USD
Tampa82,800 USD
Vancouver79,300 USD
Washington D.C.103,000 USD

Salary Comparison By State

StateAverage Salary
Alabama103,000 USD
Alaska85,900 USD
Arizona107,000 USD
Arkansas94,300 USD
California113,000 USD
Colorado97,000 USD
Connecticut98,800 USD
Delaware87,300 USD
District of Columbia89,700 USD
Florida106,000 USD
Georgia109,000 USD
Hawaii88,800 USD
Idaho93,300 USD
Illinois105,000 USD
Indiana105,000 USD
Iowa92,200 USD
Kansas96,900 USD
Kentucky94,800 USD
Louisiana99,600 USD
Maine87,100 USD
Maryland103,000 USD
Massachusetts98,200 USD
Michigan107,000 USD
Minnesota96,100 USD
Mississippi95,100 USD
Missouri96,800 USD
Montana90,000 USD
Nebraska88,300 USD
Nevada94,800 USD
New Hampshire86,200 USD
New Jersey105,000 USD
New Mexico88,800 USD
New York109,000 USD
North Carolina101,000 USD
North Dakota86,400 USD
Ohio112,000 USD
Oklahoma96,900 USD
Oregon102,000 USD
Pennsylvania107,000 USD
Rhode Island92,300 USD
South Carolina98,400 USD
South Dakota92,200 USD
Tennessee102,000 USD
Texas114,000 USD
Utah92,300 USD
Vermont89,800 USD
Virginia104,000 USD
Washington108,000 USD
West Virginia91,000 USD
Wisconsin105,000 USD
Wyoming84,100 USD

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 United States earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
92,400 USD
Public Sector+5%
97,100 USD
Percentage increase and decrease are relative to the previous value

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