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Insurance investigator vs insurance adjuster

The differences between insurance investigators and insurance 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 investigator and an insurance adjuster. Additionally, an insurance adjuster has an average salary of $57,315, which is higher than the $40,373 average annual salary of an insurance investigator.

The top three skills for an insurance investigator include insurance claims, insurance benefits and general liability. The most important skills for an insurance adjuster are insurance policies, customer service, and liability claims.

Insurance investigator vs insurance adjuster overview

Insurance InvestigatorInsurance Adjuster
Yearly salary$40,373$57,315
Hourly rate$19.41$27.56
Growth rate-6%-6%
Number of jobs38,20144,837
Job satisfaction-3
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 58%
Average age4444
Years of experience44

Insurance investigator vs insurance adjuster salary

Insurance investigators and insurance adjusters have different pay scales, as shown below.

Insurance InvestigatorInsurance Adjuster
Average salary$40,373$57,315
Salary rangeBetween $26,000 And $61,000Between $40,000 And $80,000
Highest paying City-Hagerstown, MD
Highest paying state-New Jersey
Best paying company-Cunningham Lindsey
Best paying industry-Insurance

Differences between insurance investigator and insurance adjuster education

There are a few differences between an insurance investigator and an insurance adjuster in terms of educational background:

Insurance InvestigatorInsurance Adjuster
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 58%
Most common majorCriminal JusticeBusiness
Most common collegeCalifornia State University - BakersfieldStanford University

Insurance investigator vs insurance adjuster demographics

Here are the differences between insurance investigators' and insurance adjusters' demographics:

Insurance InvestigatorInsurance Adjuster
Average age4444
Gender ratioMale, 58.0% Female, 42.0%Male, 66.6% Female, 33.4%
Race ratioBlack or African American, 11.4% Unknown, 4.4% Hispanic or Latino, 16.7% Asian, 5.5% White, 61.4% American Indian and Alaska Native, 0.5%Black or African American, 13.0% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 60.8% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between insurance investigator and insurance adjuster duties and responsibilities

Insurance investigator example responsibilities.

  • Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
  • Research commercial coverage plans and government plans such as Medicare and Medicaid.
  • Follow all HIPPA guidelines and procedures to protect patients and company interest.
  • Analyze high risk transaction activity and provide final approval of investigative case analyses utilize for SAR preparation and filing.
  • Prepare facility specific HIPAA authorizations for release of records.

Insurance adjuster example responsibilities.

  • Achieve targeted performance goals in every aspect to manage costs and support Allstate's industry-leading operational standards.
  • Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
  • Train in Xactimate estimation and sketch programs.
  • Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
  • Skil in complex arbitration and mediation negotiations.
  • Recommend files for arbitration or litigation base on evidence available and inability to compromise with adverse party.
  • Show more

Insurance investigator vs insurance adjuster skills

Common insurance investigator skills
  • Insurance Claims, 14%
  • Insurance Benefits, 12%
  • General Liability, 9%
  • Scene Investigations, 7%
  • Insurance Laws, 6%
  • Consumer Complaints, 6%
Common insurance adjuster skills
  • Insurance Policies, 15%
  • Customer Service, 15%
  • Liability Claims, 9%
  • Auto Claims, 7%
  • Catastrophe Claims, 5%
  • Public Adjusters, 4%

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