Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between insurance collectors and insurance clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become an insurance collector, becoming an insurance clerk takes usually requires 2-4 years. Additionally, an insurance collector has an average salary of $39,463, which is higher than the $33,089 average annual salary of an insurance clerk.
The top three skills for an insurance collector include patients, medical billing and healthcare. The most important skills for an insurance clerk are patients, insurance verification, and data entry.
| Insurance Collector | Insurance Clerk | |
| Yearly salary | $39,463 | $33,089 |
| Hourly rate | $18.97 | $15.91 |
| Growth rate | -8% | -3% |
| Number of jobs | 46,897 | 147,755 |
| Job satisfaction | - | 2 |
| Most common degree | Associate Degree, 29% | High School Diploma, 29% |
| Average age | 46 | 44 |
| Years of experience | 12 | 4 |
An insurance collector is responsible for collecting and managing insurance payments. They need to generate funds through collecting bills, adhere to ethical standards, handle patients' claims, and complete other clerical work. They usually prepare and submit a member's bill for insurance so that the patient can be sure that there will be no delay in getting their claim.
An insurance clerk usually works to process insurance, reinstatement, changes, or cancellations for a company or an individual account. They are responsible for monitoring, processing, and organizing different insurance claims for a client. They usually work closely with the company's insurance agent to provide necessary information to process the clients' application. This career requires a broad knowledge of local and state insurance policies, good attention to detail, excellent communication skills, customer service skills, and administrative skills.
Insurance collectors and insurance clerks have different pay scales, as shown below.
| Insurance Collector | Insurance Clerk | |
| Average salary | $39,463 | $33,089 |
| Salary range | Between $33,000 And $46,000 | Between $27,000 And $39,000 |
| Highest paying City | - | Henderson, NV |
| Highest paying state | - | New Hampshire |
| Best paying company | - | Lenoir Memorial Hospital |
| Best paying industry | - | Finance |
There are a few differences between an insurance collector and an insurance clerk in terms of educational background:
| Insurance Collector | Insurance Clerk | |
| Most common degree | Associate Degree, 29% | High School Diploma, 29% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between insurance collectors' and insurance clerks' demographics:
| Insurance Collector | Insurance Clerk | |
| Average age | 46 | 44 |
| Gender ratio | Male, 12.4% Female, 87.6% | Male, 8.3% Female, 91.7% |
| Race ratio | Black or African American, 13.4% Unknown, 3.9% Hispanic or Latino, 22.6% Asian, 3.3% White, 56.4% 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 | 8% | 11% |