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Insurance analyst salary
Average insurance analyst salary
$55,424
Average Insurance Analyst Salary
As of October 2025, the average salary for an Insurance Analyst stands at $55,424 per year, equating to approximately $27 per hour. Salaries for this role can vary significantly based on factors such as location, experience, and the specific area of insurance analysis.
Salary by Experience Level
Entry-level analysts can expect to earn lower salaries, typically starting around $45,000, while those with five or more years of experience may see salaries rise to $70,000 or more. This progression reflects the increasing value placed on analytical skills and the ability to interpret complex insurance data.
Top Paying States
Insurance analysts can earn more in certain states. For instance, positions in California and New York tend to offer higher salaries compared to other regions. Understanding regional salary trends can help candidates tailor their job searches and negotiate better compensation packages.
Job Opportunities
With the demand for insurance analysts on the rise, pursuing a career in this field can lead to stable employment and growth potential. Whether you're interested in working with insurance companies, consulting firms, or financial institutions, the opportunities are abundant.
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Where can an Insurance Analyst earn more?
Insurance analyst salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level insurance analyst | $32,000 | $15.37 |
| Mid-level insurance analyst | $54,000 | $25.98 |
| Senior-level insurance analyst | $94,100 | $45.25 |
Insurance analyst salary estimates from across the web
Average insurance analyst salary by state
The average insurance analyst salary in California, Hawaii, and New York are the highest in the U.S. The lowest average insurance analyst salary states are Kentucky, Wyoming, and Iowa.
- State view
- County view
Highest paying states for insurance analysts
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Hawaii | $83,581 | $40.18 |
| 2 | Nevada | $69,309 | $33.32 |
| 3 | Alaska | $68,596 | $32.98 |
| 4 | Arizona | $71,229 | $34.24 |
| 5 | California | $91,532 | $44.01 |
| 6 | Delaware | $63,345 | $30.45 |
| 7 | New York | $79,656 | $38.30 |
| 8 | District of Columbia | $66,536 | $31.99 |
| 9 | Pennsylvania | $70,173 | $33.74 |
| 10 | Oregon | $64,561 | $31.04 |
| 11 | Washington | $71,974 | $34.60 |
| 12 | Connecticut | $69,673 | $33.50 |
| 13 | Rhode Island | $54,432 | $26.17 |
| 14 | New Jersey | $69,008 | $33.18 |
| 15 | Florida | $56,342 | $27.09 |
| 16 | Idaho | $49,949 | $24.01 |
| 17 | New Mexico | $51,570 | $24.79 |
| 18 | Massachusetts | $64,686 | $31.10 |
| 19 | Ohio | $53,300 | $25.63 |
| 20 | Texas | $52,085 | $25.04 |
| 21 | New Hampshire | $55,545 | $26.70 |
| 22 | North Dakota | $46,069 | $22.15 |
| 23 | Colorado | $50,037 | $24.06 |
| 24 | North Carolina | $51,787 | $24.90 |
| 25 | Louisiana | $46,349 | $22.28 |
| 26 | Virginia | $50,613 | $24.33 |
| 27 | Maryland | $51,114 | $24.57 |
| 28 | Georgia | $50,824 | $24.43 |
| 29 | Montana | $45,208 | $21.73 |
| 30 | Utah | $48,179 | $23.16 |
| 31 | Kansas | $45,594 | $21.92 |
| 32 | Mississippi | $40,894 | $19.66 |
| 33 | Vermont | $42,497 | $20.43 |
| 34 | Indiana | $47,014 | $22.60 |
| 35 | Michigan | $46,459 | $22.34 |
| 36 | South Dakota | $40,883 | $19.66 |
| 37 | West Virginia | $43,705 | $21.01 |
| 38 | Oklahoma | $44,473 | $21.38 |
| 39 | Maine | $44,127 | $21.21 |
| 40 | Tennessee | $40,377 | $19.41 |
| 41 | Wisconsin | $45,458 | $21.85 |
| 42 | Alabama | $40,189 | $19.32 |
| 43 | Wyoming | $38,871 | $18.69 |
| 44 | Minnesota | $42,039 | $20.21 |
| 45 | Iowa | $38,757 | $18.63 |
| 46 | Kentucky | $39,601 | $19.04 |
| 47 | Arkansas | $38,343 | $18.43 |
| 48 | Missouri | $40,406 | $19.43 |
| 49 | Illinois | $38,239 | $18.38 |
| 50 | South Carolina | $39,962 | $19.21 |
| 51 | Nebraska | $36,760 | $17.67 |
Highest paying cities for insurance analysts
The highest-paying cities for insurance analysts are San Francisco, CA, New York, NY, and Seattle, WA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $99,302 | $47.74 |
| 2 | New York, NY | $80,769 | $38.83 |
| 3 | Seattle, WA | $73,554 | $35.36 |
| 4 | Philadelphia, PA | $72,129 | $34.68 |
| 5 | Glendale, AZ | $71,475 | $34.36 |
| 6 | Henderson, NV | $68,214 | $32.80 |
| 7 | Washington, DC | $66,527 | $31.98 |
| 8 | Boston, MA | $64,617 | $31.07 |
| 9 | Miami, FL | $59,526 | $28.62 |
| 10 | Cleveland, OH | $56,300 | $27.07 |
| 11 | San Antonio, TX | $55,812 | $26.83 |
| 12 | Raleigh, NC | $54,239 | $26.08 |
| 13 | San Juan, PR | $51,906 | $24.95 |
| 14 | Arlington, VA | $51,782 | $24.90 |
| 15 | Baltimore, MD | $51,451 | $24.74 |
| 16 | Colorado Springs, CO | $51,212 | $24.62 |
| 17 | Detroit, MI | $47,161 | $22.67 |
| 18 | Fargo, ND | $46,176 | $22.20 |
| 19 | Oklahoma City, OK | $45,190 | $21.73 |
| 20 | Minneapolis, MN | $42,061 | $20.22 |
Insurance analyst salary details
An insurance analyst's salary ranges from $34,000 a year at the 10th percentile to $88,000 at the 90th percentile.
What is an insurance analyst's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $88,000 | $7,333 | $42 |
| 75th Percentile | $70,000 | $5,833 | $34 |
| Average | $55,424 | $4,619 | $27 |
| 25th Percentile | $43,000 | $3,583 | $21 |
| 10th Percentile | $34,000 | $2,833 | $16 |
Highest paying insurance analyst jobs
The highest paying types of insurance analysts are claims supervisor, analyst, and property underwriter.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Underwriting Internship | $48,319 | $4,027 | $23.23 | 50,384 |
| Claims Representative | $38,796 | $3,233 | $18.65 | 18,565 |
| Property Underwriter | $71,730 | $5,978 | $34.49 | 11,643 |
| Underwriting Technician | $44,704 | $3,725 | $21.49 | 8,615 |
| Underwriter | $61,751 | $5,146 | $29.69 | 8,510 |
| Appraiser | $42,223 | $3,519 | $20.30 | 1,186 |
Top companies hiring insurance analysts now:
Which companies pay insurance analysts the most?
Insurance analyst salaries at Credit Karma and Boston Consulting Group are the highest-paying according to our most recent salary estimates. In addition, the average insurance analyst salary at companies like Barclays and Citi are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Credit Karma | $151,977 | $73.07 |
| 2 | Boston Consulting Group | $128,439 | $61.75 |
| 3 | Barclays | $120,892 | $58.12 |
| 4 | Citi | $120,303 | $57.84 |
| 5 | Neuberger Berman | $114,786 | $55.19 |
| 6 | Bayer | $109,318 | $52.56 |
| 7 | AAA Northern California, Nevada & Utah | $104,560 | $50.27 |
| 8 | Arch Capital Group | $103,946 | $49.97 |
| 9 | Euronet Worldwide | $97,722 | $46.98 |
| 10 | Harley-Davidson | $97,661 | $46.95 |
| 11 | Lexington Insurance | $92,915 | $44.67 |
| 12 | Ascensus | $89,305 | $42.94 |
| 13 | Equitable Holdings | $88,185 | $42.40 |
| 14 | Markel | $88,168 | $42.39 |
| 15 | Population Services International | $87,292 | $41.97 |
| 16 | North Shore Healthcare | $85,040 | $40.88 |
| 17 | Wanzek Construction | $84,342 | $40.55 |
| 18 | Chicago Public Schools | $81,851 | $39.35 |
| 19 | Brookfield Properties | $78,199 | $37.60 |
| 20 | DaVita Kidney Care | $77,911 | $37.46 |
Wage gap by gender, race and education
Insurance analyst salary trends
The average insurance analyst salary has risen by $8,461 over the last ten years. In 2014, the average insurance analyst earned $46,963 annually, but today, they earn $55,424 a year. That works out to a 6% change in pay for insurance analysts over the last decade.
Compare insurance analyst salaries for cities or states with the national average over time.
Average insurance analyst salary over time
Compare insurance analyst salaries for individual cities or states with the national average.
Insurance analyst salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $55,400 | $26.65 | +2.5% |
| 2024 | $54,100 | $25.99 | +0.9% |
| 2023 | $53,600 | $25.75 | -0.5% |
| 2022 | $53,900 | $25.89 | +3.0% |
| 2021 | $52,300 | $25.12 | +3.9% |
Recently added insurance analyst salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Aaaie | Insurance Analyst, State Product Management-Remote | Pine, AZ | 06/30/2025 | $99,810 |
| Abbvie | Supervisor, Insurance Analyst | North Chicago, IL | 06/29/2025 | $64,000 |
| Continental Casualty Company | Risk & Insurance Analyst | Chicago, IL | 06/28/2025 | $47,000 |
| CNA Financial Corp | Risk & Insurance Analyst | Chicago, IL | 06/26/2025 | $47,000 |
| State of North Carolina | Insurance Consumer Analyst I | Boone, NC | 06/25/2025 | $39,671 |
| Redshift | Risk & Insurance Analyst | Fine, NY | 06/22/2025 | $80,000 |
| Iberdrola | Lead Analyst-Insurance | Orange, CT | 06/06/2025 | $78,091 |
| Arizona Department of Administration | Insurance Analyst Supervisor | Phoenix, AZ | 05/29/2025 | $70,000 |
| State of Arizona | Insurance Analyst Supervisor | Phoenix, AZ | 05/28/2025 | $70,000 |
| Aaaie | Insurance Analyst, State Product Management-Remote | Pine, AZ | 05/27/2025 | $99,810 |
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