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Insurance Appraiser Average Salary in Bulgaria 2024

How much money does a person working as Insurance Appraiser make in Bulgaria?


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

LOW
1,700
BGN
AVERAGE
3,260
BGN
HIGH
4,990
BGN
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

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


Salary Variance

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



Insurance Appraiser Pay Scale and Salaries in Bulgaria

Median and salary distribution Bulgaria Insurance Appraiser monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
2,960 BGN or more
10% of people earn
2,630 to 2,960 BGN
20% of people earn
1,920 BGN or less
65% of people earn
1,920 to 2,630 BGN
Minimum Salary
1,700 BGN
Median
2,970 BGN
Maximum
4,990 BGN




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Insurance Appraiser in Bulgaria range from 1,700 BGN (starting salary) to 4,990 BGN (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 2,970 BGN, half of the professionals who work as Insurance Appraiser in Bulgaria earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Insurance Appraiser in Bulgaria earn less than 2,460 BGN, while 75% earn more. Similarly, the chart shows that 75% earn less than 3,370 BGN while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Insurance Appraiser in Bulgaria compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,920 BGN to 2,630 BGN. About 20% of salaries are below the 1,920 BGN mark, while 10% fall within the range of 2,630 BGN to 2,960 BGN. Only 5% of individuals have salaries exceeding 2,960 BGN.

Salary Comparison by Years of Experience / Insurance Appraiser / Bulgaria

How do experience and age affect pay?

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
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 the wage. We broke down salaries by experience level for people working as Insurance Appraiser and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 1,930 BGN.

While someone with an experience level between two and five years is expected to earn 2,590 BGN, 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, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,070 BGN, 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, 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, 5% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Insurance Appraiser / Bulgaria

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Insurance Appraiser.

Certificate or Diploma
2,420 BGN
Bachelor's Degree+80%
4,370 BGN
Percentage increase and decrease are relative to the previous value
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 salaries by education level for the position Insurance Appraiser in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 2,420 BGN.


Level 2: Bachelor's Degree

At this level, the average salary becomes 4,370 BGN, 80% more than the previous level.



Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Insurance Appraiser / Bulgaria

Salary comparison by gender Bulgaria Insurance Appraiser monthly
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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? For the people who work as Insurance Appraiser in Bulgaria, the average difference between the salary of male and female employees is 6%.

Male
3,380 BGN
Female-6%
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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Average Annual Salary Increment Percentage / Insurance Appraiser / Bulgaria

How much are annual salary increments in Bulgaria for individuals working as Insurance Appraiser? How often do employees get salary raises?

Individuals working as Insurance Appraiser 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

Annual Salary Increment Rate Bulgaria
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Insurance Appraiser / Bulgaria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria Insurance Appraiser
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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
25%
No Bonus
75%

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.

Average Hourly Wage / Insurance Appraiser / Bulgaria


19 BGN per hour

The average hourly wage (pay per hour) for individuals working as Insurance Appraiser in Bulgaria is 19 BGN.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Insurance Appraiser in Bulgaria is 10 BGN. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Insurance-100%
Actuarial Analyst4,330 BGN+33%
Actuarial Assistant3,150 BGN-3%
Actuarial Specialist3,300 BGN+1%
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%
Blockchain Insurance Auditor3,220 BGN-1%
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 Specialist3,030 BGN-7%
Compliance Examiner3,300 BGN+1%
Compliance Officer2,650 BGN-19%
Compliance Reviewer3,040 BGN-7%
Consultant3,470 BGN+6%
Drone Claims Adjuster1,450 BGN-56%
Eligibility Interviewer3,630 BGN+11%
Eligibility Specialist3,360 BGN+3%
Insurance Account Manager4,330 BGN+33%
Insurance Accounts Executive3,790 BGN+16%
Insurance Adjuster3,150 BGN-3%
Insurance Agent2,030 BGN-38%
Insurance Analyst3,380 BGN+4%
Insurance Appraiser3,260 BGN-0%
Insurance Claims Clerk1,250 BGN-62%
Insurance Compliance Officer3,890 BGN+19%
Insurance Data Scientist2,970 BGN-9%
Insurance Examiner3,190 BGN-2%
Insurance Fraud Investigator2,770 BGN-15%
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 Product Manager4,040 BGN+24%
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 Sales Manager4,190 BGN+28%
Insurance Sales Representative1,690 BGN-48%
Insurance Team Leader3,560 BGN+9%
Insurance Underwriter2,380 BGN-27%
Insurtech Analyst2,960 BGN-9%
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%
Parametric Insurance Specialist3,380 BGN+4%
Payment Services Specialist3,430 BGN+5%
Peer-to-Peer Insurance Manager4,210 BGN+29%
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%
Social Media Risk Analyst3,580 BGN+10%
Title Insurance Typist2,850 BGN-13%
Training Manager3,650 BGN+12%
Underwriting Assistant1,630 BGN-50%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Bulgaria is 9% on average across all career fields.

Private Sector
3,140 BGN
Public Sector+9%
3,440 BGN
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Insurance Appraiser in Bulgaria?

A good and competitive compensation would range anywhere between 2,970 BGN and 3,370 BGN. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Insurance Appraiser in Bulgaria ranges from 1,700 BGN to 2,460 BGN. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


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

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 earn 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


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