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Insurance rater education requirements
Updated January 8, 2025
4 min read
There are several educational requirements to become an insurance rater. Insurance raters usually study business, insurance, or accounting. 39% of insurance raters hold a bachelor's degree, and 26% hold an high school diploma. We analyzed 130 real insurance rater resumes to see exactly what insurance rater education sections show.
The most common colleges for insurance raters are the University of Phoenix and the University of Phoenix.
There are also many online insurance rater courses to help get the education required to be an insurance rater.
What education do you need to become an insurance rater?
What degree do you need to be an insurance rater?
- Bachelor's, 39%
- High School Diploma, 26%
- Associate, 25%
- Diploma, 5%
- Other Degrees, 5%
What should I major in to become an insurance rater?
- Business, 29%
- Insurance, 9%
- Accounting, 7%
- Other Majors, 50%
Most common colleges for insurance raters
| Insurance rater common college | Percentages |
|---|---|
| University of Phoenix | 11.54% |
| Becker College | 7.69% |
| Colorado College | 7.69% |
| University of Maine | 7.69% |
| Kean University | 7.69% |
Best majors for insurance raters
| Rank | Major | Percentages |
|---|---|---|
| 1 | Business | 29.1% |
| 2 | Insurance | 9.1% |
| 3 | Accounting | 7.3% |
| 4 | Health Care Administration | 5.5% |
| 5 | English | 5.5% |
Best colleges for insurance raters
The best colleges for insurance raters are University of Pennsylvania, Northwestern University, and Stanford University.
An insurance rater with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for insurance raters. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become insurance raters.
1. University of Pennsylvania
Philadelphia, PA • Private
In-state tuition
$55,584
Enrollment
10,764
2. Boston University
Boston, MA • Private
In-state tuition
$53,948
Enrollment
17,238
3. Northwestern University
Evanston, IL • Private
In-state tuition
$54,568
Enrollment
8,451
4. University of Minnesota - Twin Cities
Minneapolis, MN • Private
In-state tuition
$14,760
Enrollment
31,451
5. Howard University
Washington, DC • Private
In-state tuition
$26,756
Enrollment
6,166
6. Stanford University
Stanford, CA • Private
In-state tuition
$51,354
Enrollment
7,083
7. University of Southern California
Los Angeles, CA • Private
In-state tuition
$56,225
Enrollment
19,548
8. SUNY College at Oswego
Oswego, NY • Private
In-state tuition
$8,440
Enrollment
7,039
9. Baylor University
Waco, TX • Private
In-state tuition
$45,542
Enrollment
14,159
10. University of Michigan - Ann Arbor
Ann Arbor, MI • Private
In-state tuition
$15,262
Enrollment
30,079
20 best online courses for insurance raters
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Top 10 most affordable universities for insurance raters
The most affordable schools for insurance raters are Baruch College of the City University of New York, university of florida, and california state university - bakersfield.
If the best universities for insurance raters are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for insurance raters.
1. Baruch College of the City University of New York
New York, NY • Private
In-state tuition
$7,262
Cost of attendance
14,046
2. University of Florida
Gainesville, FL • Private
In-state tuition
$6,381
Cost of attendance
21,034
3. California State University - Bakersfield
Bakersfield, CA • Private
In-state tuition
$7,309
Cost of attendance
16,714
4. California State University - Long Beach
Long Beach, CA • Private
In-state tuition
$6,798
Cost of attendance
18,306
5. California State University - Dominguez Hills
Carson, CA • Private
In-state tuition
$6,942
Cost of attendance
14,469
6. California State University - Los Angeles
Los Angeles, CA • Private
In-state tuition
$6,749
Cost of attendance
14,823
7. Florida Atlantic University
Boca Raton, FL • Private
In-state tuition
$4,831
Cost of attendance
19,559
8. Florida International University
Miami, FL • Private
In-state tuition
$6,556
Cost of attendance
19,434
9. Florida State University
Tallahassee, FL • Private
In-state tuition
$5,656
Cost of attendance
21,623
10. Lehman College of the City University of New York
Bronx, NY • Private
In-state tuition
$7,210
Cost of attendance
14,359
Top 10 hardest universities to get into for insurance raters
The hardest universities for insurance raters to get into are University of Pennsylvania, Northwestern University, and Stanford University.
Some great schools for insurance raters are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for insurance raters based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.
1. University of Pennsylvania
Philadelphia, PA • Private
Admissions rate
8%
SAT average
1,492
2. Northwestern University
Evanston, IL • Private
Admissions rate
8%
SAT average
1,508
3. Stanford University
Stanford, CA • Private
Admissions rate
4%
SAT average
1,497
4. Boston University
Boston, MA • Private
Admissions rate
22%
SAT average
1,420
5. University of Southern California
Los Angeles, CA • Private
Admissions rate
13%
SAT average
1,445
6. Vanderbilt University
Nashville, TN • Private
Admissions rate
10%
SAT average
1,514
7. New York University
New York, NY • Private
Admissions rate
20%
SAT average
1,419
8. Carnegie Mellon University
Pittsburgh, PA • Private
Admissions rate
17%
SAT average
1,507
9. Washington University in St Louis
Saint Louis, MO • Private
Admissions rate
15%
SAT average
1,506
10. University of Rochester
Rochester, NY • Private
Admissions rate
29%
SAT average
1,422
Top 10 easy-to-apply-to universities for insurance raters
The easiest schools for insurance raters to get into are D'Youville College, mount saint mary's university, and gwynedd mercy university.
Some schools are much easier to get into. If you want to start your career as an insurance rater without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for insurance raters.
1. D'Youville College
Buffalo, NY • Private
Admissions rate
100%
SAT average
1,072
2. Mount Saint Mary's University
Los Angeles, CA • Private
Admissions rate
84%
SAT average
1,031
3. Gwynedd Mercy University
Gwynedd Valley, PA • Private
Admissions rate
92%
SAT average
1,031
4. Felician University
Lodi, NJ • Private
Admissions rate
81%
SAT average
999
5. Barry University
Miami, FL • Private
Admissions rate
91%
SAT average
1,006
6. Oklahoma Wesleyan University
Bartlesville, OK • Private
Admissions rate
68%
SAT average
964
7. Notre Dame de Namur University
Belmont, CA • Private
Admissions rate
82%
SAT average
983
8. Ottawa University
Ottawa, KS • Private
Admissions rate
78%
SAT average
1,024
9. University of the Incarnate Word
San Antonio, TX • Private
Admissions rate
88%
SAT average
1,044
10. Notre Dame College
Cleveland, OH • Private
Admissions rate
90%
SAT average
994
Average insurance rater salary by education level
| Insurance rater education level | Insurance rater salary |
|---|---|
| Master's Degree | $35,369 |
| High School Diploma or Less | $32,332 |
| Bachelor's Degree | $35,403 |
| Doctorate Degree | $34,357 |
| Some College/ Associate Degree | $32,281 |
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Updated January 8, 2025
Updated January 8, 2025