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How much does a Claims Manager make?

The average salary for a Claims Manager is $107,767 per year in the US.

A Claims Manager plays a key role in handling insurance claims. This job involves assessing claims, negotiating settlements, and ensuring the claims process runs smoothly. The average yearly salary for a Claims Manager is around $107,767. This figure can vary based on experience, location, and the size of the company.

The salary range for a Claims Manager can be quite broad. At the lower end, some professionals earn around $41,000 per year. As experience grows, salaries can climb significantly. The highest earners in this field can make up to $178,750 annually. This wide range reflects the importance of skills and expertise in the role.

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What are the highest paying cities for a Claims Manager?

Philadelphia, PA, offers the highest average salary for Claims Managers at $134,418. This city provides a competitive edge for professionals in this field. Colorado Springs, CO, follows closely with an average salary of $132,502, making it another attractive location for job seekers. Boston, MA, and Chicago, IL, also stand out with average salaries of $129,942 and $129,412, respectively. These cities present excellent opportunities for those seeking a lucrative career in claims management.
Graph displaying highest paying cities salaries for Claims Manager jobs, highlighting Philadelphia, PA with the highest at $134,418 and Minneapolis, MN with the lowest at $111,884.
  1. Philadelphia, PA
    Average Salary: $134,418
    In Philadelphia, a city rich in history and culture, professionals manage claims for a variety of industries. Companies like Independence Blue Cross and Highmark offer dynamic environments. The city's diverse economy provides ample opportunities for growth.
    Find Claims Manager jobs in Philadelphia, PA


  2. Colorado Springs, CO
    Average Salary: $132,502
    Colorado Springs boasts a vibrant community and a strong economy. Here, claims managers work with firms like UnitedHealthcare and Rocky Mountain Insurance Group. The city's outdoor lifestyle and business-friendly climate make it an attractive place to work.
    Find Claims Manager jobs in Colorado Springs, CO


  3. Boston, MA
    Average Salary: $129,942
    Boston, a hub of education and innovation, offers exciting opportunities for claims managers. Working with companies like Blue Cross Blue Shield of Massachusetts, professionals can expect a challenging and rewarding career. The city's rich history and culture add to the experience.
    Find Claims Manager jobs in Boston, MA


  4. Chicago, IL
    Average Salary: $129,412
    Chicago is a bustling city with a diverse job market. Claims managers here work with major firms like Allstate and State Farm. The city's vibrant culture and economic opportunities make it an ideal place to advance your career.
    Find Claims Manager jobs in Chicago, IL


  5. San Diego, CA
    Average Salary: $128,381
    In San Diego, a city known for its beautiful beaches and mild climate, claims managers find a thriving job market. Companies like Farmers Insurance and Blue Shield of California offer dynamic roles. The city's quality of life enhances the professional experience.
    Find Claims Manager jobs in San Diego, CA


  6. Charlotte, NC
    Average Salary: $119,375
    Charlotte, a rapidly growing city, provides many opportunities for claims managers. Working with firms like Bank of America and Truist, professionals can expect a stable and rewarding career. The city's business-friendly environment supports career growth.
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  7. Phoenix, AZ
    Average Salary: $119,311
    Phoenix offers a warm climate and a growing job market for claims managers. Companies like State Farm and Nationwide provide excellent opportunities. The city's diverse industries and business-friendly atmosphere make it a great place to work.
    Find Claims Manager jobs in Phoenix, AZ


  8. Atlanta, GA
    Average Salary: $116,308
    Atlanta, a major economic center, offers diverse opportunities for claims managers. Working with firms like Aflac and Allstate, professionals can thrive in a dynamic environment. The city's vibrant culture and business opportunities enhance the career experience.
    Find Claims Manager jobs in Atlanta, GA


  9. San Antonio, TX
    Average Salary: $114,142
    San Antonio, known for its rich history and culture, provides a strong job market for claims managers. Companies like USAA and Blue Cross Blue Shield of Texas offer rewarding careers. The city's affordable cost of living and business-friendly climate support professional growth.
    Find Claims Manager jobs in San Antonio, TX


  10. Minneapolis, MN
    Average Salary: $111,884
    Minneapolis, a city with a strong economy and quality of life, offers many opportunities for claims managers. Working with firms like UnitedHealth Group and Allianz, professionals can expect a stable and fulfilling career. The city's vibrant culture and business environment enhance the work experience.
    Find Claims Manager jobs in Minneapolis, MN

What are the best companies a Claims Manager can work for?

Wells Fargo offers one of the highest salaries for Claims Managers, averaging around $161,755 per year. Uber also provides a competitive salary, with Claims Managers earning about $160,577 annually. Starr Companies follow closely with an average salary of $147,372 for this role. These companies recognize the value of skilled Claims Managers and reward them with attractive compensation packages. USAA and Chubb Insurance also offer strong salaries, with averages around $143,610 and $134,099, respectively. Job seekers should consider these companies for potential career growth and financial benefits.
Graph displaying best paying company salaries for Claims Manager jobs, highlighting Wells Fargo with the highest at $161,755 and American Freedom Insurance Company with the lowest at $95,000.
  1. Wells Fargo
    Average Salary: $161,755
    Wells Fargo offers competitive salaries for Claims Managers. They operate in many locations across the U.S. and globally. They focus on providing excellent customer service and managing claims efficiently.


  2. Uber
    Average Salary: $160,577
    Uber provides a high average salary for Claims Managers. They operate in many cities worldwide. Uber aims to ensure smooth claims processing for its drivers and riders.


  3. Starr Companies
    Average Salary: $147,372
    Starr Companies offers a strong salary for Claims Managers. They operate in various locations in the U.S. They focus on delivering quality insurance services and managing claims effectively.


  4. USAA
    Average Salary: $143,610
    USAA provides a good salary for Claims Managers. They serve members of the military and their families. They operate in many locations across the U.S.


  5. Chubb Insurance
    Average Salary: $134,099
    Chubb Insurance offers a solid salary for Claims Managers. They operate in many locations worldwide. They focus on providing comprehensive insurance solutions and managing claims efficiently.


  6. Hub International
    Average Salary: $126,832
    Hub International provides a competitive salary for Claims Managers. They operate in many locations across the U.S. They focus on delivering quality insurance services and managing claims effectively.


  7. Liberty Mutual Insurance
    Average Salary: $107,638
    Liberty Mutual Insurance offers a good salary for Claims Managers. They operate in many locations across the U.S. They focus on providing excellent customer service and managing claims efficiently.


  8. North American Risk Services
    Average Salary: $105,977
    North American Risk Services provides a solid salary for Claims Managers. They operate in many locations across the U.S. They focus on delivering quality insurance services and managing claims effectively.


  9. AAA Auto Club Enterprises
    Average Salary: $100,785
    AAA Auto Club Enterprises offers a good salary for Claims Managers. They operate in many locations across the U.S. They focus on providing excellent customer service and managing claims efficiently.


  10. American Freedom Insurance Company
    Average Salary: $95,000
    American Freedom Insurance Company provides a competitive salary for Claims Managers. They operate in many locations across the U.S. They focus on delivering quality insurance services and managing claims effectively.

How to earn more as a Claims Manager?

A Claims Manager plays a key role in the insurance industry. They handle claims, ensuring that customers receive fair settlements. This role can be very rewarding, both in terms of job satisfaction and salary. Increasing your earning potential as a Claims Manager involves several key factors.

First, gaining experience is crucial. The more time a Claims Manager spends in the field, the more they understand the intricacies of claims processing. Experience often leads to higher positions and better pay. Second, obtaining relevant certifications can boost your resume. Certifications like the Associate in Risk Management (ARM) or the Chartered Property Casualty Underwriter (CPCU) can make you more attractive to employers. Third, developing strong negotiation skills helps in settling claims more effectively. This skill can lead to quicker resolutions and potentially higher bonuses. Fourth, mastering technology used in claims management can set you apart. Familiarity with software and tools used for claims processing can make you more efficient. Lastly, networking within the industry can open doors to higher-paying opportunities. Attending industry events and joining professional groups can lead to new job offers.

Here are some key factors to consider for increasing your earnings as a Claims Manager:

  1. Gain experience in the field
  2. Obtain relevant certifications
  3. Develop strong negotiation skills
  4. Master technology used in claims management
  5. Network within the industry

Currently 124 Claims Manager job openings, nationwide.

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

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