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
50% of people earn
75% of people earn
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|| = |
|Average Salary 2016|| +2% |
|Average Salary 2017|| +3% |
|Average Salary 2018|| +1% |
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)
|Adjustment Clerk||3,242 USD|
|Auditing Manager||4,500 USD|
|Claims Adjuster||4,139 USD|
|Claims Analyst||3,000 USD|
|Claims Examiner||2,625 USD|
|Claims Manager||6,379 USD|
|Claims Processor||3,051 USD|
|Claims Supervisor||5,585 USD|
|Compliance Officer||7,042 USD|
|Eligibility Specialist||3,341 USD|
|Insurance Agent||8,319 USD|
|Insurance Analyst||4,919 USD|
|Insurance Underwriter||4,028 USD|
|Policy Change Director||4,167 USD|
|Policy Change Supervisor||5,933 USD|
|Pricing Assistant||18,750 USD|
|Risk Analyst||5,697 USD|
|Risk Management Director||8,333 USD|
|Risk Management Supervisor||4,916 USD|
|Risk Manager||7,188 USD|
|Risk Modeling Manager||7,913 USD|
|Senior Insurance Underwriter||8,667 USD|
|Title Insurance Typist||2,080 USD|
See Other People's Submitted Salaries
Salary Comparison By State (Average Monthly Salary)
|New Jersey||4,444 USD|
|New York||5,713 USD|