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Insurance Average Salary in United States 2018

How much money does a person working in Insurance make in United States?

5,900 USD per month
Average Monthly Salary
A person working in Insurance in United States typically earns around 5,900 USD per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Insurance jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Insurance Jobs Salary Distribution in United States

25% of people earn
3,500 USD
or less
50% of people earn
4,625 USD
or less
75% of people earn
6,854 USD
or less
1,917 USD
4,625 USD
33,333 USD

Abount These Figures: Salary Range, Median and Percentiles

Insurance salaries in United States range between 1,917 USD per month (minimum salary) to 33,333 USD per month (maximum salary).

The median salary is 4,625 USD per month, which means that half (50%) of people working in Insurance are earning less than 4,625 USD while the other half are earning more than 4,625 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.

Closely related to the median are two similar values: the 25th and 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Insurance are earning less than 3,500 USD while 75% of them are earning more than 3,500 USD. Also from the diagram, 75% of people working in Insurance are earning less than 6,854 USD while 25% of them are earning more than 6,854 USD.

What is the difference between the median and the average salary? What should I be looking at?

Both are indicators. If your salary is higher than both 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. You have plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. Luckily for you, we have written a guide to explain all the different senarios. How to compare your salary

Insurance Salary Trend and Forecast in United States

How are Insurance salaries changing over time? Listed below is a chart that shows the average Insurance salary in United States in recent years.

Average Salary 2015    =  
5,528 USD
Average Salary 2016    +2%  
5,661 USD
Average Salary 2017    +3%  
5,819 USD
Average Salary 2018    +1%  
5,900 USD
Percentage increase and decrease are relative to the previous value
Insurance salaries in United States are on the rise in the year 2018 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2018 are 1% higher than those of 2017. The trend suggests a slow yet slow continous increase in pay in 2019 and future years. These numbers differ slightly from industry to another.

Insurance Average Hourly Wage in United States

30 USD per hour
Average Hourly Wage

The average hourly wage (pay per hour) in United States for Insurance is 30 USD. This means that the average person in United States earns approximatly 30 USD for every worked hour.

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

The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and is considered to the be the standard.

Salary Comparison By Job Title (Average Monthly Salary)

Job TitleAverage Salary
Actuary8,000 USD
Adjustment Clerk3,242 USD
Auditing Manager4,500 USD
Broker6,417 USD
Claims Adjuster4,139 USD
Claims Analyst3,000 USD
Claims Examiner2,625 USD
Claims Manager6,379 USD
Claims Processor3,051 USD
Claims Supervisor5,585 USD
Compliance Officer7,042 USD
Eligibility Specialist3,341 USD
Insurance Agent8,319 USD
Insurance Analyst4,919 USD
Insurance Underwriter4,028 USD
Policy Change Director4,167 USD
Policy Change Supervisor5,933 USD
Pricing Assistant18,750 USD
Risk Analyst5,697 USD
Risk Management Director8,333 USD
Risk Management Supervisor4,916 USD
Risk Manager7,188 USD
Risk Modeling Manager7,913 USD
Senior Insurance Underwriter8,667 USD
Title Insurance Typist2,080 USD

See Other People's Submitted Salaries

Salary Comparison By State (Average Monthly Salary)

StateAverage Salary
Arizona4,944 USD
California5,965 USD
Florida4,903 USD
Georgia12,083 USD
Illinois5,892 USD
Maryland2,016 USD
Michigan3,894 USD
New Jersey4,444 USD
New York5,713 USD
Ohio8,111 USD
Pennsylvania6,361 USD
Texas8,612 USD
Virginia8,353 USD

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