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The differences between insurance appraisers and adjusters can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an insurance appraiser and an adjuster. Additionally, an insurance appraiser has an average salary of $53,229, which is higher than the $49,396 average annual salary of an adjuster.
The top three skills for an insurance appraiser include windows, CCC and insurance appraisals. The most important skills for an adjuster are customer service, strong customer service, and litigation.
| Insurance Appraiser | Adjuster | |
| Yearly salary | $53,229 | $49,396 |
| Hourly rate | $25.59 | $23.75 |
| Growth rate | -6% | -6% |
| Number of jobs | 34,724 | 7,936 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 62% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
An appraiser is responsible for assessing a client's personal property, such as homes, cars, or jewelry. They provide an impartial and unbiased judgment about the property's value, assisting clients who wish to buy, sell, manage, and invest money. Usually, they work with an adjuster and conduct repairs or replacements of products.
An adjuster is responsible for evaluating the extent of loss in the company by calculating the damage costs, determining the settlement payment to the client, and managing the reputation of the company for claims accountability. Adjusters must have extensive knowledge of the insurance principles and processes, following the state and federal regulations to protect clients and the business from insurance fraud. They collect documents from different organizations, perform field research, and interview witnesses to verify the accuracy of claims statement.
Insurance appraisers and adjusters have different pay scales, as shown below.
| Insurance Appraiser | Adjuster | |
| Average salary | $53,229 | $49,396 |
| Salary range | Between $37,000 And $74,000 | Between $35,000 And $68,000 |
| Highest paying City | - | Parsippany-Troy Hills, NJ |
| Highest paying state | - | New Jersey |
| Best paying company | - | FCCI |
| Best paying industry | - | Insurance |
There are a few differences between an insurance appraiser and an adjuster in terms of educational background:
| Insurance Appraiser | Adjuster | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between insurance appraisers' and adjusters' demographics:
| Insurance Appraiser | Adjuster | |
| Average age | 44 | 44 |
| Gender ratio | Male, 79.0% Female, 21.0% | Male, 56.9% Female, 43.1% |
| Race ratio | Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 15.9% Asian, 5.6% White, 62.2% American Indian and Alaska Native, 0.5% | Black or African American, 12.2% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 61.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |