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The Average Salary of an Insurance Claim Adjuster

Insurance adjusters investigate accidents and other mishaps on behalf of insurance companies. Typical requirements include a college degree and strong negotiating skills.

  1. Average Salary

    • According to CollegeGrad.com, the median annual salary for insurance adjusters was $44,220 as of 2004. The top 10 percent earned $72,620 annually while the lowest 10 percent made $27,220.

    Type

    • The type of adjuster can have an impact on salary. For example, in 2004 an auto insurance adjuster earned an average of $45,330 with the highest 10 percent earning $63,220 annually and the lowest 10 percent earning $29,550, according to CollegeGrad.com.

    Other Considerations

    • In addition to type, an adjuster's salary can also be influenced by factors such as location, size of company, and the level of education and experience attained.

    Other Compensation

    • Adjusters sometimes are given additional perks in addition to their salary, such as the use of cell phones and laptop computers. Since adjusters typically must travel to claim sites, they may also be provided the use of a company vehicle.

    Fringe Benefits

    • Insurance companies typically offer a wide variety of fringe benefits. As such, adjusters are usually provided with access to health and dental insurance as well as retirement plans.

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References

  • Photo Credit "DSC_0003" is Copyrighted by Flickr user: chrismeller (Chris Meller) under the Creative Commons Attribution license.

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