Q: How much do claim processors make?

Claim processors make $36,582 a year, on average. There is, however, a small degree of variability in how much a claims processor can make, starting from as little as $28,000 a year to as much as $48,000 a year. Factors such as company and type of claims adjuster impact how much you can make.

Q: Do insurance adjusters make good money?

Yes, insurance adjusters make good money. However, it largely depends on the type of insurance adjuster they specialize in. To give you a frame of reference, an insurance adjuster can earn anywhere from as little as $30,000 a year to as much as $100,000 in just one storm season.

Q: What percentage of Claim Processors are female?

76.3% of claim processors are female in the United States. This is 0.5 percentage points higher than last year. Additionally, the percentage of female claim processors has decreased by -3.6 percentage points since 2010. That means there are a total of 92,393 female claim processors in the U.S. and 28,699 male claim processors in the United States. Note that Zippia's estimate accounts only for the 121,092 people with the specific job title of claim processor and doesn't include grouping similar job titles, or people with potentially similar credentialing.

Question 1

How long does it take to become a Claim Processor?

Accepted Answer

It takes 5 years of professional experience to become a claim processor. That is the time it takes to learn specific claim processor skills, but does not account for time spent in formal education. If you include the normal education requirements to complete a college degree, then it takes 8 to 10 years years to become a claim processor.

Question 2

How much does a State Farm claims adjuster make?

Accepted Answer

A State Farm claims adjuster makes $57,978 a year, on average. The base salary for claims adjusters in companies like State Farm Insurance ranges from $51,515 to $65,155 a year. The total cash compensation, which includes bonuses, can vary anywhere from $53,087 to $68,227 a year.

Question 3

What is a good starting salary for a Claim Processor?

Accepted Answer

A good starting salary for a claim processor is $25,000 in the United States. That puts you in the 10th percentile of annual income for a claim processor in the U.S., which is about what you would expect if you were new to the field. The average salary for claim processors is $34,559, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a claim processor can vary by state.

Question 4

How much do claim processors make?

Accepted Answer

Claim processors make $36,582 a year, on average. There is, however, a small degree of variability in how much a claims processor can make, starting from as little as $28,000 a year to as much as $48,000 a year. Factors such as company and type of claims adjuster impact how much you can make.

Question 5

Can a claim processor make 100k?

Accepted Answer

No, you cannot make $100,000 per year as a claim processor. It is highly unlikely to earn over $100k because the average annual salary for a claim processor is $34,559. Even claim processors in higher-paid positions do not typically earn more than $47,000 per year.

Question 6

Do insurance adjusters make good money?

Accepted Answer

Yes, insurance adjusters make good money. However, it largely depends on the type of insurance adjuster they specialize in. To give you a frame of reference, an insurance adjuster can earn anywhere from as little as $30,000 a year to as much as $100,000 in just one storm season.

Question 7

What percentage of Claim Processors are female?

Accepted Answer

76.3% of claim processors are female in the United States. This is 0.5 percentage points higher than last year. Additionally, the percentage of female claim processors has decreased by -3.6 percentage points since 2010. That means there are a total of 92,393 female claim processors in the U.S. and 28,699 male claim processors in the United States. Note that Zippia's estimate accounts only for the 121,092 people with the specific job title of claim processor and doesn't include grouping similar job titles, or people with potentially similar credentialing.

Question 8

What are the duties of a claims processor?

Accepted Answer

The duties of a claims processor are both administrative and customer service-related. All processor duties focus on the validation and fulfillment of customer insurance claims.

Many of the duties of a claims processor are administrative and may not be in direct response to a claim. Processors are responsible for maintaining and updating customer records. This requires that they interact with customers to update client information and inform customers of company policy changes.

Question 9

What counts as claims processing experience?

Accepted Answer

Many duties related to a customer claims job, from customer service to claims evaluation, count as claims processing experience.

Experience in claims processing is quite often connected to policy and coverage review once a claim has been submitted. If you have worked in policy review to determine claim eligibility or as a customer service representative making policy changes, then you have experience in the field of claims processing.

Frequently asked questions about claim processors

Questions About Becoming a Claim Processor

How long does it take to become a Claim Processor?

How much does a State Farm claims adjuster make?

Questions About Claim Processor Salaries