Insurance adjuster vs broker

The differences between insurance adjusters and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $57,315 average annual salary of an insurance adjuster.

The top three skills for an insurance adjuster include insurance policies, customer service and liability claims. The most important skills for a broker are brokerage, financial services, and insurance products.

Insurance adjuster vs broker overview

	Insurance Adjuster	Broker
Yearly salary	$57,315	$124,861
Hourly rate	$27.56	$60.03
Growth rate	-6%	5%
Number of jobs	44,837	2,770
Job satisfaction	3	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 66%
Average age	44	49
Years of experience	4	-

Insurance adjuster vs broker salary

Insurance adjusters and brokers have different pay scales, as shown below.

	Insurance Adjuster	Broker
Average salary	$57,315	$124,861
Salary range	Between $40,000 And $80,000	Between $68,000 And $227,000
Highest paying City	Hagerstown, MD	New York, NY
Highest paying state	New Jersey	New York
Best paying company	Cunningham Lindsey	Child Guidance & Family Solutions
Best paying industry	Insurance	Insurance

Differences between insurance adjuster and broker education

There are a few differences between an insurance adjuster and a broker in terms of educational background:

	Insurance Adjuster	Broker
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Stanford University	University of Southern California

Insurance adjuster vs broker demographics

Here are the differences between insurance adjusters' and brokers' demographics:

	Insurance Adjuster	Broker
Average age	44	49
Gender ratio	Male, 66.6% Female, 33.4%	Male, 63.8% Female, 36.2%
Race ratio	Black or African American, 13.0% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 60.8% American Indian and Alaska Native, 0.5%	Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	10%	13%

Differences between insurance adjuster and broker duties and responsibilities

Insurance adjuster example responsibilities.

Achieve targeted performance goals in every aspect to manage costs and support Allstate's industry-leading operational standards.
Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
Train in Xactimate estimation and sketch programs.
Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
Skil in complex arbitration and mediation negotiations.
Recommend files for arbitration or litigation base on evidence available and inability to compromise with adverse party.

Broker example responsibilities.

Manage, lease and sell office condominiums on site.
Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
Specialize in finding undervalue and/or overbought commodities by using fundamental and technical analysis that exist throughout the markets.
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Insurance adjuster vs broker skills

Common insurance adjuster skills

Insurance Policies, 15%
Customer Service, 15%
Liability Claims, 9%
Auto Claims, 7%
Catastrophe Claims, 5%
Public Adjusters, 4%

Common broker skills

Brokerage, 17%
Financial Services, 9%
Insurance Products, 7%
Risk Management, 6%
Client Relationships, 6%
Real Estate Transactions, 5%