How To Become An Insurance Rater: What It Is and Career Path

What is an insurance rater and how to become one

Updated January 8, 2025

2 min read

Quoted expert

Tom Faulconer JD, CPCU, CLU, ChFC, CASL,CFP(r)

There is more than meets the eye when it comes to being an insurance rater. For example, did you know that they make an average of $16.08 an hour? That's $33,455 a year! Between 2018 and 2028, the career is expected to grow 6% and produce 32,900 job opportunities across the U.S.

What general advice would you give to an insurance rater?

Tom Faulconer JD, CPCU, CLU, ChFC, CASL,CFP(r)

Clinical Professor, Butler University

That depends on the type of agent the person is. Most of us deal with agents who sell personal lines, such as auto and home and life insurance. Their day is filled with prospecting for new clients, appointments to review current insurance with current clients, service work such as adding autos and changing addresses, and, helping take and resolve claims. Some agents specialize in commercial lines. They spend their days prospecting as well, but also work very closely with their clients on a regular basis to assure their insurance program is appropriate. This is because commercial clients usually have very large insurance policies, make frequent changes, and have lots of service work. Plus, the relationship is the key in commercial lines.

ScoreInsurance RaterUS Average

Salary

2.6

Avg. Salary $33,455

Avg. Salary $59,228

Stability level

6.8

Growth rate 6%

Growth rate 0.3%

Diversity

5.6

Race

American Indian and Alaska Native 0.15%

Asian 5.03%

Black or African American 9.82%

Hispanic or Latino 15.07%

Unknown 3.58%

White 66.34%

Gender

female 82.91%

male 17.09%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress level

6.8

Stress level is high

7.1 - high

Complexity level

8.9

Complexity level is advanced

7 - challenging

Work life balance

6.1

Work life balance is fair

6.4 - fair

Key steps to become an insurance rater

Explore insurance rater education requirements

Most common insurance rater degrees

Bachelor's

38.6 %

High School Diploma

26.3 %

Associate

24.6 %

Start to develop specific insurance rater skills

Skills	Percentages
Cancellations	58.04%
Commercial Property	15.37%
Policy Changes	9.95%
Audit Transactions	9.54%
Workers Compensation	4.05%

Complete relevant insurance rater training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New insurance raters learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an insurance rater based on U.S. Bureau of Labor Statistics data and data from real insurance rater resumes.

Research insurance rater duties and responsibilities

Cold-Cal to generate leads for individual life and disability insurance and annuities.
Maintain ISO manuals for branch office.
Complete weekly reports process changes, cancellations and discuss customer accounts issues regarding payroll deductions and problem solving.
Interpret issuance and rating instructions for new business, renewals, policy endorsements, and cancellations for small and middle market.

Prepare your insurance rater resume

When your background is strong enough, you can start writing your insurance rater resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an insurance rater resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable insurance rater resume templates

Build a professional insurance rater resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your insurance rater resume.