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Insurance Appraiser Average Salary in Bulgaria 2021

How much money does an Insurance Appraiser make in Bulgaria?

Average Monthly Salary
3,260 BGN
( 39,200 BGN yearly)


A person working as an Insurance Appraiser in Bulgaria typically earns around 3,260 BGN per month. Salaries range from 1,700 BGN (lowest) to 4,990 BGN (highest).

This is the average monthly 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 Bulgaria

Median and salary distribution monthly Bulgaria Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Bulgaria range from 1,700 BGN per month (minimum salary) to 4,990 BGN per month (maximum salary).

  • Median Salary

    The median salary is 3,130 BGN per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 3,130 BGN while the other half are earning more than 3,130 BGN. 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 2,170 BGN while 75% of them are earning more than 2,170 BGN. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 3,900 BGN while 25% are earning more than 3,900 BGN.

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 monthly Bulgaria 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 1,930 BGN per month.

While someone with an experience level between two and five years is expected to earn 2,590 BGN per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 3,360 BGN per month, 30% 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 4,070 BGN per month, 21% 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 4,450 BGN per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 4,680 BGN per month, 5% more than people with fifteen to twenty years of experience.

Insurance Appraiser average salary change by experience in Bulgaria

0 - 2 Years
1,930 BGN
2 - 5 Years+34%
2,590 BGN
5 - 10 Years+30%
3,360 BGN
10 - 15 Years+21%
4,070 BGN
15 - 20 Years+9%
4,450 BGN
20+ Years+5%
4,680 BGN
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 monthly Bulgaria 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 2,420 BGN per month.

While someone with a Bachelor's Degree gets a salary of 4,370 BGN per month, 80% more than someone having a Certificate or Diploma degree.

Insurance Appraiser average salary difference by education level in Bulgaria

Certificate or Diploma
2,420 BGN
Bachelor's Degree+80%
4,370 BGN
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 monthly Bulgaria 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 Bulgaria earn 6% more than their female counterparts on average.

3,380 BGN
3,180 BGN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bulgaria for all Careers

Salary comparison by gender monthly Bulgaria
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Insurance Appraiser Average Annual Salary Increment Percentage in Bulgaria

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

Insurance Appraiser

Insurance Appraiser(s) in Bulgaria are likely to observe a salary increase of approximately 10% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Bulgaria 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.

Bulgaria / 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 Bulgaria is 4%.

Annual Increment Rate By Industry 2020

Information Technology

Listed above are the average annual increase rates for each industry in Bulgaria for the year 2020. 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 Bulgaria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria 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.

75% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 25% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Bulgaria

19 BGN per hour

The average hourly wage (pay per hour) in Bulgaria is 19 BGN. This means that the average Insurance Appraiser in Bulgaria earns approximately 19 BGN 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 monthly Bulgaria
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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 Analyst4,330 BGN+33%
Actuarial Assistant3,150 BGN-3%
Actuary4,340 BGN+33%
Adjustment Insurance Clerk1,290 BGN-60%
Assistant Broker2,090 BGN-36%
Assistant Claims Manager3,550 BGN+9%
Associate Insurance Representative1,720 BGN-47%
Auditing Insurance Manager4,820 BGN+48%
Broker3,310 BGN+1%
Claim Advocacy Professional3,220 BGN-1%
Claims Adjuster1,250 BGN-62%
Claims Analyst1,800 BGN-45%
Claims Examiner1,680 BGN-49%
Claims Manager4,730 BGN+45%
Claims Processor1,290 BGN-60%
Claims Representative1,520 BGN-53%
Claims Resolution Specialist3,570 BGN+9%
Claims Supervisor3,200 BGN-2%
Complaints Specialist3,020 BGN-7%
Compliance Officer2,650 BGN-19%
Consultant3,470 BGN+6%
Eligibility Specialist3,350 BGN+3%
Insurance Account Manager4,330 BGN+33%
Insurance Accounts Executive3,790 BGN+16%
Insurance Agent2,030 BGN-38%
Insurance Analyst3,380 BGN+4%
Insurance Appraiser3,260 BGN-0%
Insurance Claims Clerk1,250 BGN-62%
Insurance Examiner3,190 BGN-2%
Insurance Investigator3,060 BGN-6%
Insurance Manager5,700 BGN+75%
Insurance Operations Manager5,510 BGN+69%
Insurance Policy Processing Clerk1,250 BGN-62%
Insurance Pricing Assistant2,540 BGN-22%
Insurance Program Manager4,480 BGN+37%
Insurance Project Manager4,420 BGN+35%
Insurance Quality Assurance Agent2,890 BGN-11%
Insurance Sales Agent2,060 BGN-37%
Insurance Sales Director5,480 BGN+68%
Insurance Team Leader3,560 BGN+9%
Insurance Underwriter2,380 BGN-27%
Loss Control Specialist3,200 BGN-2%
Loss Prevention Investigator3,560 BGN+9%
Loss Prevention Manager4,660 BGN+43%
Loss Prevention Specialist3,520 BGN+8%
Marine Underwriter2,400 BGN-26%
Medical Auditor3,360 BGN+3%
Monitoring and Performance Officer2,320 BGN-29%
Payment Services Specialist3,430 BGN+5%
Policy Change Director5,040 BGN+54%
Policy Change Supervisor3,600 BGN+10%
Policy Change Technician1,670 BGN-49%
Risk Analyst3,720 BGN+14%
Risk Management Director6,660 BGN+100%
Risk Management Supervisor4,020 BGN+23%
Risk Manager6,190 BGN+90%
Risk Modeling Manager6,400 BGN+96%
Title Insurance Typist2,850 BGN-13%
Training Manager3,650 BGN+12%

Salary Comparison By City

CityAverage Salary
Burgas3,160 BGN
Plovdiv3,420 BGN
Rousse3,250 BGN
Sofia3,740 BGN
Stara Zagora2,960 BGN
Varna3,460 BGN

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 Bulgaria earn 9% more than their private sector counterparts on average across all sectors.

Private Sector
3,130 BGN
Public Sector+9%
3,420 BGN
Percentage increase and decrease are relative to the previous value
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