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Salary

How much does a Claims Analyst make?

The average salary for a Claims Analyst is $66,802 per year in the US.

A Claims Analyst plays a key role in managing insurance claims. These professionals review and assess claims to determine liability and pay out claims accordingly. They work in a variety of industries, including insurance, healthcare, and finance. Their job can be demanding but rewarding, with a good salary to match.

On average, a Claims Analyst earns about $66,802 per year. This figure varies based on experience, location, and the employer. Early-career analysts might start with salaries around $24,000, while seasoned professionals can earn more than $136,000 annually. This wide range reflects the diversity in the field and the potential for growth. Here’s a closer look at salary distribution:

  • The lowest 10% earn around $24,000 per year.
  • The next 10% earn about $34,211 per year.
  • The middle 20% earn between $44,423 and $64,845 per year.
  • The upper 20% earn between $75,057 and $115,902 per year.
  • The top 10% can earn over $126,000 per year.
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What are the highest paying cities for a Claims Analyst?

Job seekers looking for the highest-paying Claims Analyst jobs will find strong opportunities in San Diego, California, and Boston, Massachusetts. These cities offer attractive salaries for professionals in this field. Other cities like Los Angeles, Philadelphia, and Austin also provide competitive wages, making them excellent choices for career growth.
Graph displaying highest paying cities salaries for Claims Analyst jobs, highlighting San Diego, CA with the highest at $121,150 and Hartford, CT with the lowest at $72,890.
  1. San Diego, CA
    Average Salary: $121,150
    In San Diego, professionals thrive as they support major insurance firms. The sunny climate and beautiful beaches make the work environment both productive and enjoyable. Companies like Travelers and Farmers Insurance offer great opportunities.
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  2. Boston, MA
    Average Salary: $84,890
    Boston is a hub for finance and insurance. Working here provides a chance to engage with renowned firms like Liberty Mutual. The city’s rich history and vibrant culture add to the professional experience.
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  3. Los Angeles, CA
    Average Salary: $83,725
    Los Angeles offers a dynamic job market for those in the claims industry. Being part of companies like Allstate allows for interaction with diverse clients. The city’s entertainment scene adds a unique charm to the work life.
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  4. Philadelphia, PA
    Average Salary: $83,508
    In Philadelphia, professionals benefit from a strong insurance sector. Companies such as MetLife and Cigna provide significant opportunities. The city's historic charm and vibrant community make for a fulfilling work environment.
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  5. Austin, TX
    Average Salary: $81,468
    Austin is a growing city with a lively tech scene. Working in claims analysis here offers a mix of traditional and modern approaches. Major players like State Farm and Nationwide Insurance are present.
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  6. San Antonio, TX
    Average Salary: $79,754
    San Antonio provides a stable job market for claims analysts. Companies like USAA and Frost Bank are prominent employers. The city’s rich culture and hospitality add to the professional experience.
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  7. Chicago, IL
    Average Salary: $78,205
    Chicago offers a robust insurance market. Working here means collaborating with firms like Allstate and Zurich. The city’s iconic architecture and diverse neighborhoods create an engaging work environment.
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  8. Atlanta, GA
    Average Salary: $76,237
    Atlanta is a major hub for insurance companies. Professionals here can work with giants like Aflac and UnitedHealth Group. The city’s fast-paced growth and warm climate make it an exciting place to work.
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  9. Buffalo, NY
    Average Salary: $76,208
    Buffalo provides a strong foundation for claims analysis. Working with companies like New York Life and Blue Cross Blue Shield offers stability. The city’s vibrant arts scene adds to the quality of life.
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  10. Hartford, CT
    Average Salary: $72,890
    Hartford is known as the insurance capital. Working here means being part of the industry’s heart, with companies like The Hartford and Aetna. The city’s rich history and cultural events enhance the work experience.
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What are the best companies a Claims Analyst can work for?

The Hartford stands out as one of the best-paying companies for Claims Analysts, offering an average salary of $136,000. Sun Life provides a strong alternative, with an average salary of $72,550. For those willing to consider a slightly lower figure, Intact offers $67,688 annually. TEKsystems provides an average of $57,091, making it a solid option if salary expectations are a bit more modest. These companies showcase diverse opportunities for Claims Analysts to thrive in their careers.
Graph displaying best paying company salaries for Claims Analyst jobs, highlighting The Hartford with the highest at $136,000 and TEKsystems with the lowest at $57,091.
  1. The Hartford
    Average Salary: $136,000
    The Hartford offers rewarding Claims Analyst roles. They serve clients in many places, including the United States and Canada. Employees handle a range of claims, making decisions that impact clients' lives. They value their analysts and offer good career growth.


  2. Sun Life
    Average Salary: $72,550
    Sun Life provides good opportunities for Claims Analysts. They have offices across North America and the Caribbean. Job duties include managing claims and ensuring client satisfaction. Sun Life offers a supportive work environment and opportunities for advancement.


  3. Intact
    Average Salary: $67,688
    Intact seeks qualified Claims Analysts. They operate in Canada with locations in major cities. Employees handle auto, home, and business claims. They offer competitive salaries and a strong benefits package, making it a great choice for experienced analysts.


  4. TEKsystems
    Average Salary: $57,091
    TEKsystems provides Claims Analyst roles with a good balance of responsibility and support. They work with various companies across the United States. Job responsibilities involve managing claims and working with clients to find solutions. They offer a flexible work environment and opportunities to grow.

How to earn more as a Claims Analyst?

Claims Analysts play a key role in the insurance industry. To excel in this role and potentially earn more, consider these strategies:

Building a strong skill set can lead to higher earnings. Specialization in areas like healthcare claims or auto claims can make an analyst more valuable. Gaining certifications, such as the Certified Insurance Adjuster (CIA), can boost credibility and salary. Networking within the industry and staying informed about industry trends also enhances job performance and earning potential.

Consider these factors to improve earnings:

  • Education and Certifications: Obtain relevant degrees and certifications.
  • Specialization: Focus on specific areas of claims analysis.
  • Experience: Accumulate years of experience to increase value.
  • Networking: Build connections within the industry.
  • Continuous Learning: Stay updated with the latest industry trends.

Currently 107 Claims Analyst job openings, nationwide.

How's the job market for a Claims Analyst in the US?

Learn what a Claims Analyst does, how to become one, and understand the job outlook. Get simple steps to start your career as a Claims Analyst today.
Position
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Claims Analyst
107 Job Openings