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The differences between insurance assistants and insurance processors 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 assistant and an insurance processor. Additionally, an insurance assistant has an average salary of $35,308, which is higher than the $33,041 average annual salary of an insurance processor.
The top three skills for an insurance assistant include endorsements, data entry and customer service. The most important skills for an insurance processor are data entry, customer service, and phone calls.
| Insurance Assistant | Insurance Processor | |
| Yearly salary | $35,308 | $33,041 |
| Hourly rate | $16.98 | $15.89 |
| Growth rate | -3% | -3% |
| Number of jobs | 34,579 | 50,523 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 45% | Bachelor's Degree, 33% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Insurance assistants work alongside insurance agents to gather information from clients, maintain insurance records, prepare documentation, handle mail and correspondence, calculate insurance premiums and awards, and recommend claim actions. Qualifications like good communication and negotiation skills, customer service orientation, research skills, and attention to detail are required for this position.
Insurance Processors deal with the processing of insurance applications, amendments of policies, changes, and cancellations. An Insurance Processor works with the client to choose the best insurance package and advise them on how to maximize their benefits. Clients need to understand the insurance process by answering inquiries. It is also essential that an Insurance Processor work hand in hand with the client, guiding them through the process, explaining all crucial parts of the insurance to establish trust in you and the company.
Insurance assistants and insurance processors have different pay scales, as shown below.
| Insurance Assistant | Insurance Processor | |
| Average salary | $35,308 | $33,041 |
| Salary range | Between $29,000 And $42,000 | Between $28,000 And $38,000 |
| Highest paying City | - | Leawood, KS |
| Highest paying state | - | Connecticut |
| Best paying company | - | Moore County Hospital District |
| Best paying industry | - | Finance |
There are a few differences between an insurance assistant and an insurance processor in terms of educational background:
| Insurance Assistant | Insurance Processor | |
| Most common degree | Bachelor's Degree, 45% | Bachelor's Degree, 33% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between insurance assistants' and insurance processors' demographics:
| Insurance Assistant | Insurance Processor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 18.8% Female, 81.2% | Male, 16.3% Female, 83.7% |
| Race ratio | Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5% | Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 11% |