Insurance claims adjusters evaluate property and casualty claims, determining each claim's validity through inspections, appraisals and interviews. After thorough reviews, claims adjusters authorize payments, negotiate settlements or deny claims. They keep meticulous records in case of future litigation. Most entry-level claims adjusters earn at least $36,000 per year as of 2011.
Entry-Level Salary Range
Entry-level claims adjusters and those with up to two years of experience were earning a median salary of $40,224 as of March 2011, according to Salary.com. The middle 50 percent of these claims adjusters earn $36,782 to $44,251 per year. The bottom 10 percent have annual salaries at or below $33,648, and the top 10 percent earn $47,916 and higher.
The median salary is the number in the exact middle of all the salary figures. Entry-level claims adjusters earn a median salary that is lower than the nationwide median in Little Rock, Arkansas, at $35,920 per year; Fond du Lac, Wisconsin, at $37,009; Lynchburg, Virginia, at $37,127; Wichita, Kansas, at $37,730; Wilkes-Barre, Pennsylvania, at $38,615; Albuquerque, New Mexico, at $38,937; Fort Lauderdale, Florida, at $39,098; and Indianapolis, Indiana, at $39,500.
In contrast, many cities have higher salaries for entry-level claims adjusters. Examples include Washington, D.C., at $43,844 per year; Los Angeles at $44,166; Seattle, Washington, at $44,247; Anchorage, Alaska, at $45,896; and Stamford, Connecticut, at $46,177. The median salaries in Anchorage and Stamford rank in the top 25 percent nationwide. In Stamford, the top 25 percent of entry-level claims adjusters make more than $50,000 per year, and the top 10 percent $55,000 per year.
Claims adjusters can expect to earn substantial increases in salary as they gain experience. Claims adjusters at level II, with two to four years of experience, have a median annual salary of $49,135 at the time of publication. A claims adjuster III, with four and more years of experience, has a median annual salary of $58,352. The middle 50 percent of claims adjusters at level III have a yearly pay rate of $51,509 to $65,948. The bottom 10 percent earn less than $45,280 per year, and the top 10 percent $72,864 and higher.
- Photo Credit Jupiterimages/Photos.com/Getty Images
Average Paid Salary for a Catastrophe Adjuster
Catastrophe adjusters are independent claims adjusters who offer their services to insurance companies at times when the workload exceeds what the companies'...
How to Become an Auto Claims Adjuster
Auto claims adjusters are responsible for interviewing all parties involved in an accident, managing repairs on vehicles and handling medical payments of...
How to Become a Crop Insurance Adjuster
A catastrophic event can wipe out a farmer's crop and profits for many years after the event. Crop insurance helps farmers rebound...
The Average Salary of an Insurance Claims Manager
An insurance claims manager assesses insurance claims for payment and addresses concerns related to those claims. An insurance claims manager is also...
How Much Money Does an Auto Insurance Adjuster Make?
Auto insurance adjusters handle and investigate auto insurance claims. An adjuster may gather information from hospital or other records, interview witnesses to...
How Much Does an Insurance Adjuster Make?
Insurance adjusters perform some of the more difficult roles for insurance companies. Adjusters are responsible for receiving a policy holder's insurance claim...
How Does an Independent Adjuster Get Paid?
You can be an insurance adjuster three ways: you can be a salaried employee of an insurance company; you can work independently...