The average compensation adjuster salary is $59,246. The most common degree is a bachelor's degree degree with an business major. It usually takes 2-4 years of experience to become a compensation adjuster. Compensation adjusters with a Medical Assistant certification earn more money. Between 2018 and 2028, the career is expected to grow -4% and produce -13,000 job opportunities across the U.S.

What Does a Compensation Adjuster Do

There are certain skills that many compensation adjusters have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.

How To Become a Compensation Adjuster

If you're interested in becoming a compensation adjuster, one of the first things to consider is how much education you need. We've determined that 57.9% of compensation adjusters have a bachelor's degree. In terms of higher education levels, we found that 5.6% of compensation adjusters have master's degrees. Even though most compensation adjusters have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Compensation Adjuster

Compensation Adjuster Career Paths

Average Salary for a Compensation Adjuster

Compensation Adjusters in America make an average salary of $59,246 per year or $28 per hour. The top 10 percent makes over $89,000 per year, while the bottom 10 percent under $39,000 per year.
Average Compensation Adjuster Salary
$59,246 Yearly
$28.48 hourly

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Roles and Types of Compensation Adjuster

There are several types of compensation adjuster, including:

Claims Adjuster

Role:

Claims adjusters spend a lot of their time evaluating insurance claims. Sometimes they decide the claims are valid; other times not so much. This position is full-time and isn't always located in the office. Many times you'll have to leave to inspect properties, such as damaged buildings and vehicles. This will help you assess the claim properly.

Typically, employers only require a high school diploma, but some positions can require a higher education. Or at least some insurance-related work experience. If you're looking for a job where you don't have to sit at a desk all day, this might just be the perfect fit for you.

  • Average Salary: $51,116
  • Degree: Bachelor's Degree

Adjuster

Role:

An adjuster or claims adjuster is an agent who looks into claims to determine if or how much the insurer should pay the insured for damage. As an adjuster, you have to determine effective ways to settle all claims. Your job requires you to research records and interview witnesses to understand the nature and what happened before the claim. You are also expected to find out the cost of fixing the damage and monitor the services of the repairer to ensure the damages are fixed. You will also need to create detailed reports of the damage and everything related to the claim.

To get a job as an adjuster, you must have a high school diploma or a bachelor's degree in finance or a related field. Also, you must possess superior communication and negotiation skills. Furthermore, you must have in-depth knowledge of spreadsheet software. With these, you will earn an average of $40,150 per year or $19.3 per hour.

  • Average Salary: $49,396
  • Degree: Bachelor's Degree

Auto Claims Adjuster

Role:

Auto claims adjusters are usually employed by insurance firms to inspect cars damaged in collisions and to consult with claimants on payments. The claims adjusters also go to the vehicle scene, inspect the damage, and determines how much the insurance provider can pay the customer for the necessary maintenance costs.

Auto claims adjusters may question witnesses and review police records to collect information about the crash scene. Jobs require that they discuss parts and replacement prices with car repair shops and vendors and negotiate compensation rates with applicants. A lot of hours could be spent in transit or in a busy car repair store. The tasks of the position include a specialized skill set.

Because auto claims adjusters must inspect disabled cars and evaluate repair costs, employers favor standardized auto repair preparation. Aspiring auto claims adjusters can receive a professional credential or an associate degree in auto body repair technology at a vocational school or community college. The next move is to acquire the requisite license. Licensing standards for auto claims adjusters vary by jurisdiction but can include pre-licensing training or experience and passing a licensing test.

  • Average Salary: $52,621
  • Degree: Bachelor's Degree

States With The Most Compensation Adjuster Jobs

Number Of Compensation Adjuster Jobs By State

RankStateNumber of JobsAverage Salary
1California333$63,356
2Texas182$59,438
3Florida147$51,219
4New York132$66,899
5Illinois112$59,470
6Georgia109$59,420
7Pennsylvania90$64,646
8Arizona88$53,914
9Massachusetts86$68,224
10New Jersey84$69,045
11Minnesota78$57,445
12North Carolina71$69,951
13Washington67$58,308
14Colorado61$55,394
15Ohio58$60,363
16Virginia57$66,917
17Tennessee50$52,010
18Missouri49$56,808
19Oregon48$58,810
20Maryland44$68,214
21Michigan44$56,891
22Indiana40$48,514
23Wisconsin35$56,684
24Kansas35$53,241
25Connecticut31$69,219
26Iowa31$54,167
27South Carolina28$64,787
28Idaho27$54,988
29Nevada24$56,527
30Nebraska24$54,467
31Louisiana23$53,850
32Alabama23$51,919
33Kentucky22$68,823
34North Dakota21$51,540
35Oklahoma21$54,068
36Utah21$50,698
37Arkansas20$53,319
38Montana17$53,887
39South Dakota16$58,229
40Rhode Island13$70,231
41New Hampshire12$65,638
42New Mexico12$54,106
43Mississippi12$48,854
44Delaware11$58,375
45West Virginia9$56,862
46Maine8$61,889
47Vermont4$63,519
48Alaska4$62,832
49Hawaii4$58,384
50Wyoming3$49,349

Compensation Adjuster Education

Compensation Adjuster Majors

28.0 %

Compensation Adjuster Degrees

Bachelors

57.9 %

Associate

19.8 %

High School Diploma

9.9 %

Top Colleges for Compensation Adjusters

1. Stanford University

Stanford, CA • Private

In-State Tuition

$51,354

Enrollment

7,083

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

3. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

4. Maine Maritime Academy

Castine, ME • Private

In-State Tuition

$13,478

Enrollment

979

5. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

6. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition

$7,309

Enrollment

9,142

7. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition

$9,808

Enrollment

13,990

8. Villanova University

Villanova, PA • Private

In-State Tuition

$53,308

Enrollment

6,819

9. San Diego State University

San Diego, CA • Private

In-State Tuition

$7,488

Enrollment

30,018

10. Bentley University

Waltham, MA • Private

In-State Tuition

$49,880

Enrollment

4,177

Top Skills For a Compensation Adjuster

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 16.1% of compensation adjusters listed litigation on their resume, but soft skills such as analytical skills and communication skills are important as well.

Choose From 10+ Customizable Compensation Adjuster Resume templates

Zippia allows you to choose from different easy-to-use Compensation Adjuster templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Compensation Adjuster resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Compensation Adjuster diversity

Compensation Adjuster Gender Distribution

Female
Female
76%
Male
Male
24%

After extensive research and analysis, Zippia's data science team found that:

  • Among compensation adjusters, 76.4% of them are women, while 23.6% are men.

  • The most common race/ethnicity among compensation adjusters is White, which makes up 61.4% of all compensation adjusters.

  • The most common foreign language among compensation adjusters is Spanish at 84.6%.

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Top Compensation Adjuster Employers

Most Common Employers For Compensation Adjuster

RankCompanyAverage SalaryHourly RateJob Openings
1The Travelers Companies$90,394$43.466
2National Interstate Insurance$89,521$43.045
3Zurich$89,009$42.7910
4PMA Companies$87,128$41.898
5Texas Mutual Insurance$86,379$41.538
6AIG$75,700$36.3922
7Lumbermen's Underwriting Alliance$73,438$35.316
8Sentry$71,842$34.547
9CCMSI$70,889$34.0810
10Crawford & Company$68,143$32.7650