As of July 01, 2026, the average salary for an Insurance Coverage Analyst I in the United States is $64,710 per year, which breaks down to an hourly rate of $31.
However, an Insurance Coverage Analyst I's salary can vary significantly. Here’s a look at the typical salary range:
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An Insurance Coverage Analyst I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of an Insurance Coverage Analyst I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Insurance Coverage Analyst I | 0-2 years | $64,708 |
| Organizational Insurance Risk Analyst II | 2-4 years | $73,771 |
| Organizational Insurance Risk Analyst III | 4-7 years | $96,735 |
| Organizational Insurance Risk Analyst IV | 7+ years | $122,602 |
| Insurance Coverage Analyst V | 7-10 years | $141,859 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Coverage Analyst Is. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Risk Management | 3.53% |
| HVAC | 5.49% |
| Business Operations | 1.73% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Square
|
$81,535 |
26%
|
|
Presentation
|
$80,240 |
24%
|
|
Program Management
|
$77,652 |
20%
|
|
Risk Management
|
$74,417 |
15%
|
|
Insight
|
$73,769 |
14%
|
|
Time Management
|
$73,769 |
14%
|
Insurance Coverage Analyst I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $72,378. While startup companies pay approximate $61,210.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $61,210 |
| Growth Stage | 51~500 | $64,739 |
| Established | 501~5000 | $69,894 |
| Enterprise | 5000+ | $72,378 |
For Insurance Coverage Analyst I roles, the industry you choose can affect earning potential by as much as 47% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Software & Networking sectors offer the strongest compensation, at 25% above the average. In contrast, Insurance Coverage Analyst positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Insurance Coverage Analyst I as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $80,888 | $39.0 | 25% |
| Software & Networking | $78,946 | $38.0 | 22% |
| Insurance | $72,475 | $35.0 | 12% |
| Energy & Utilities | $71,181 | $34.0 | 10% |
| Financial Services | $71,181 | $34.0 | 10% |
Understanding how an Insurance Coverage Analyst I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026Promotions are the fastest way to increase your earnings. As an Insurance Coverage Analyst I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Strategic E-commerce Risk Director | $156,700 | 142% |
| Environmental Risk Control Specialist | $103,000 | 59% |
| Organizational Insurance Risk Analyst II | $73,800 | 14% |
| Operational Risk Analyst II | $79,490 | 23% |
Salaries for an Insurance Coverage Analyst I can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $66,898 in 2023 to around $66,011 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Insurance Coverage Analyst I salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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|
| 2023 | $66,898 |
| 2024 | $66,414 |
| 2025 | $66,011 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Biotechnology industry offers the highest average compensation for Insurance Coverage Analyst I roles, with salaries approximately 25% above the market median.
I hold a bachelor's degree in business administration and have over three years of experience in data analysis. My strong analytical skills, combined with excellent communication abilities, enable me to effectively interpret data and provide insights. As an Insurance Coverage Analyst, I am aware that salaries range from $61,210 to $81,650, reflecting the value of expertise in this field.
Insurance Coverage Analysts in the US earn between $61,210 and $81,650 annually, with a median salary of $70,410. This reflects a competitive salary range, indicating that professionals in this field can expect to earn a solid income based on their experience and expertise.
The highest salary for an Insurance Coverage Analyst is $81,650 per year. The minimum salary starts at $61,210, while the mid-range salary is $70,410. These figures reflect the varying levels of experience and expertise within the field.
Yes, you can earn a good salary as an Insurance Coverage Analyst. The salary range typically falls between $61,210 and $81,650, with a median salary of around $70,410. Strong analytical skills and relevant experience can enhance your earning potential in this field.
An insurance policy analysis involves reviewing and evaluating the terms and conditions of an insurance policy to determine whether it meets the needs and risks of the insured party. Insurance Coverage Analysts typically earn between $61,210 and $81,650, with a median salary of $70,410, reflecting the importance of their role in ensuring adequate coverage.
One of the key stress factors for Insurance Coverage Analysts is the constant pressure to deliver accurate insights within tight deadlines. The sheer volume of data can be overwhelming, leading to high stress levels. However, with a salary range of $61,210 to $81,650, the financial rewards can help mitigate some of this stress.
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