Position
Salary

How much does a Insurance Analyst make?

The average salary for a Insurance Analyst is $78,832 per year in the US.

An Insurance Analyst looks at data to help companies make smart decisions. They study the numbers and create reports. This job pays well, and the pay can vary based on experience and location. On average, an Insurance Analyst earns about $78,832 a year.


To understand how salaries can change, we look at different experience levels. Those just starting out might earn around $35,558 a year. As they gain more experience, the salary goes up. Experienced Insurance Analysts can earn up to $129,323 or even more. Here are some salary ranges for different experience levels:

  • Entry-level: $35,558
  • Mid-level: $63,688
  • Senior-level: $129,323

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What are the highest paying cities for a Insurance Analyst?

Boston, MA, stands out as the highest-paying city for Insurance Analysts, offering an average salary of nearly $109,000. Chicago, IL, and Phoenix, AZ, follow closely behind, with salaries exceeding $93,000 and $89,000, respectively. These cities provide excellent opportunities for professionals in the insurance field.
Graph displaying highest paying cities salaries for Insurance Analyst jobs, highlighting Boston, MA with the highest at $108,798 and Tallahassee, FL with the lowest at $61,238.
  1. Boston, MA
    Average Salary: $108,798
    In Boston, job seekers can find promising roles within some of the nation's leading healthcare firms. Companies like MassMutual and Blue Cross Blue Shield offer dynamic opportunities for professionals to analyze insurance data and improve policy offerings. The competitive salary and vibrant city life make Boston an attractive choice for insurance analysts.
    Find Insurance Analyst jobs in Boston, MA


  2. Chicago, IL
    Average Salary: $93,805
    Chicago boasts a thriving insurance sector with top companies like Allstate and Aon. Here, analysts have the chance to work on critical projects that shape the industry. The city's rich history in insurance provides a unique backdrop for those looking to make a significant impact in their careers.
    Find Insurance Analyst jobs in Chicago, IL


  3. Phoenix, AZ
    Average Salary: $89,435
    Phoenix offers a growing market for insurance professionals. Working with companies like State Farm and Farmers Insurance, analysts can leverage their skills to drive data-focused decisions. The warm climate and expanding job opportunities make Phoenix a favorable destination for career growth.
    Find Insurance Analyst jobs in Phoenix, AZ


  4. Atlanta, GA
    Average Salary: $87,146
    Atlanta is a key player in the insurance industry with companies like Aflac and SunTrust Bank. Professionals here analyze data to enhance customer experience and streamline operations. The city's fast-paced environment and competitive salaries attract many skilled analysts.
    Find Insurance Analyst jobs in Atlanta, GA


  5. Houston, TX
    Average Salary: $83,829
    Houston's insurance sector is robust, with major firms like Liberty Mutual and Nationwide. Analysts here focus on risk assessment and policy development. The city's diverse economy and competitive wages make it an appealing place for career advancement.
    Find Insurance Analyst jobs in Houston, TX


  6. Detroit, MI
    Average Salary: $79,296
    Detroit offers a unique blend of traditional insurance firms and innovative startups. Working with companies like Fiat Chrysler and General Motors, analysts can contribute to forward-thinking projects. The city's rich automotive history provides a distinctive setting for insurance analysis.
    Find Insurance Analyst jobs in Detroit, MI


  7. Minneapolis, MN
    Average Salary: $70,804
    Minneapolis is home to well-established insurance companies like U.S. Bank and Thrivent Financial. Analysts here play a key role in shaping the industry with their insights. The city's strong sense of community and balanced lifestyle add to the appeal for professionals.
    Find Insurance Analyst jobs in Minneapolis, MN


  8. Raleigh, NC
    Average Salary: $67,485
    Raleigh offers a supportive environment for insurance analysts, with key players like North Carolina Mutual and RBC. Professionals here focus on developing strategies that improve customer satisfaction. The city's growing tech scene and moderate cost of living make it an attractive option.
    Find Insurance Analyst jobs in Raleigh, NC


  9. Nashville, TN
    Average Salary: $64,225
    Nashville combines a thriving music scene with a strong insurance industry. Companies like Tennessee Farmers Mutual and Southern Farm Bureau offer exciting opportunities. The city's welcoming atmosphere and rich cultural heritage provide a unique backdrop for insurance analysts.
    Find Insurance Analyst jobs in Nashville, TN


  10. Tallahassee, FL
    Average Salary: $61,238
    Tallahassee features a growing insurance market with notable firms like Florida Farm Bureau and Florida Blue. Professionals here work on projects that impact a wide range of clients. The city's relaxed pace and reasonable living costs make it an appealing place for career development.
    Find Insurance Analyst jobs in Tallahassee, FL

What are the best companies a Insurance Analyst can work for?

Deloitte, CSAA Insurance Group, and S&P Global offer some of the highest salaries for Insurance Analysts. At Deloitte, analysts can expect an average salary of $140,850, while CSAA Insurance Group pays around $122,233. S&P Global provides an average of $97,850. These companies value skilled analysts who can drive data-driven decisions.
Graph displaying best paying company salaries for Insurance Analyst jobs, highlighting Deloitte with the highest at $140,850 and S&P Global with the lowest at $97,850.
  1. Deloitte
    Average Salary: $140,850
    Deloitte offers exciting opportunities for Insurance Analysts. Working at Deloitte means you can expect to analyze insurance data, help clients make informed decisions, and contribute to financial strategies. Deloitte operates globally, with major offices in New York, Chicago, San Francisco, and other key locations.


  2. CSAA Insurance Group
    Average Salary: $122,233
    CSAA Insurance Group provides a rewarding environment for Insurance Analysts. Here, you will use your skills to assess risks and develop plans to minimize them. The company has offices in California, Texas, and several other states, providing diverse opportunities and experiences.


  3. S&P Global
    Average Salary: $97,850
    At S&P Global, Insurance Analysts work on important projects that impact the industry. They analyze market data and help businesses make smart decisions. S&P Global has offices worldwide, including in New York, London, and Singapore.

How to earn more as a Insurance Analyst?

An Insurance Analyst can increase their earning potential by focusing on several key areas. Continuous learning and skill development stand out as crucial for success. Specialization in areas such as risk management, data analytics, or specific insurance types can help an analyst stand out. Networking within the industry can open doors to higher-paying opportunities and job referrals. Seeking out positions that offer growth and advancement can lead to significant salary increases over time. Persistence and dedication to achieving career goals will yield the best financial rewards.

Apart from skill enhancement, certain strategies can directly boost earnings. Obtaining relevant certifications can demonstrate expertise and make an analyst more valuable. Taking on additional responsibilities at work can lead to promotions and salary increments. Engaging in professional development activities such as workshops, seminars, and online courses can keep skills sharp and marketability high. Engaging with industry leaders and participating in professional organizations can lead to job opportunities that pay better. Balancing these factors can result in a rewarding career path for Insurance Analysts.

An ordered list of factors to consider for earning more as an Insurance Analyst:

  1. Continuous learning and skill development
  2. Specialization in specific areas of insurance
  3. Networking within the industry
  4. Pursuing positions with growth opportunities
  5. Obtaining relevant certifications

Currently 77 Insurance Analyst job openings, nationwide.

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

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