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The differences between insurance analysts and auto claims adjusters can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance analyst has an average salary of $55,424, which is higher than the $52,621 average annual salary of an auto claims adjuster.
The top three skills for an insurance analyst include insurance coverage, insurance policies and life insurance. The most important skills for an auto claims adjuster are repair process, body shop, and strong customer service.
| Insurance Analyst | Auto Claims Adjuster | |
| Yearly salary | $55,424 | $52,621 |
| Hourly rate | $26.65 | $25.30 |
| Growth rate | -4% | -6% |
| Number of jobs | 44,280 | 16,187 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | - | 4 |
An insurance analyst provides analytical services to maintain an efficient workflow at insurance companies. They are typically in charge of evaluating insurance policies to identify possible risks for the policyholder and the company, validating client information, and reviewing insurance applications to ensure their accuracy. They may meet with clients to answer inquiries, make arrangements, and advise which policies suit them the best. Moreover, an insurance analyst may process policy renewals and amendments, maintain records, perform cancellations, and investigate claims while adhering to the company's policies and regulations.
A claims adjuster inspects insurance claim liability for property damage or personal injuries and calculates payments. They can either work in-house for insurance companies or as external freelancers. They collect gathered information from different reliable sources to determine insurance obligations based on the degree of damage caused. It is part of their responsibility to interview claimants and witnesses and refer with experts like engineers or policyholders to estimate the damage and if it's covered by insurance policies.
Insurance analysts and auto claims adjusters have different pay scales, as shown below.
| Insurance Analyst | Auto Claims Adjuster | |
| Average salary | $55,424 | $52,621 |
| Salary range | Between $34,000 And $88,000 | Between $38,000 And $71,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | Alaska |
| Best paying company | Credit Karma | EMC Insurance |
| Best paying industry | - | Insurance |
There are a few differences between an insurance analyst and an auto claims adjuster in terms of educational background:
| Insurance Analyst | Auto Claims Adjuster | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between insurance analysts' and auto claims adjusters' demographics:
| Insurance Analyst | Auto Claims Adjuster | |
| Average age | 44 | 44 |
| Gender ratio | Male, 28.7% Female, 71.3% | Male, 52.2% Female, 47.8% |
| Race ratio | Black or African American, 11.1% Unknown, 2.4% Hispanic or Latino, 9.0% Asian, 5.4% White, 71.7% American Indian and Alaska Native, 0.4% | Black or African American, 12.1% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 61.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 9% | 10% |