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Insurance Coverage Analyst I Salary in the United States

How much does an Insurance Coverage Analyst I make in the United States?

As of September 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:

  • Top Earners (90th percentile): $75,619
  • Majority Range (25th-75th percentile): $60,960 to $70,420
  • Entry-Level (10th percentile): $57,546
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Insurance Coverage Analyst I Salaries

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.

How Experience Level Affects Insurance Coverage Analyst Salaries?

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:

  • Insurance Coverage Analyst I (0-2 years): $64,702
  • Organizational Insurance Risk Analyst II (2-4 years): $73,760
  • Organizational Insurance Risk Analyst III (4-7 years): $96,720
  • Organizational Insurance Risk Analyst IV (7+ years): $122,610
  • Insurance Coverage Analyst V (7-10 years): $141,863
Job Role Years of Experience Average Salary
Insurance Coverage Analyst I0-2 years$64,702
Organizational Insurance Risk Analyst II2-4 years$73,760
Organizational Insurance Risk Analyst III4-7 years$96,720
Organizational Insurance Risk Analyst IV7+ years$122,610
Insurance Coverage Analyst V7-10 years$141,863
View as Graph

How Do Insurance Coverage Analyst I Salaries Vary from State to State?

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:
  • District of Columbia: $71,640.
  • California: $71,370.
  • Massachusetts: $70,420.

Top Paying Cities for Insurance Coverage Analyst Is

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $81,610
  • San Francisco: $80,720
  • Oakland: $79,020

What Skills Can Increase an Insurance Coverage Analyst I's Salary?

Demanded Skills for the Role:

  • Risk Management (Mentioned in 3.53% Job Postings): Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
  • HVAC (Mentioned in 5.49% Job Postings): Designing, developing, maintaining, and updating Heating, Ventilation, Air-conditioning and Cooling system.
  • Business Operations (Mentioned in 1.73% Job Postings): The outcome of business operations is the harvesting of value from assets owned by a business. Assets can be either physical or intangible. An example of value derived from a physical asset, like a building, is rent. An example of value derived from an intangible asset, like an idea, is a royalty. The effort involved in "harvesting" this value is what constitutes business operations cycles.
Skills Demand Percentage
Risk Management 3.53%
HVAC 5.49%
Business Operations 1.73%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on an Insurance Coverage Analyst I's salary.

  • Square: Can increase your salary by up to 26%.
  • Presentation: Can increase your salary by up to 24%.
  • Program Management: Can increase your salary by up to 20%.
Skill Salary Salary % Increase
Square $81,535
26%
Presentation $80,240
24%
Program Management $77,652
20%
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Insurance Coverage Analyst I Salary by Company Size: Startups vs. Enterprise

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 $72,316. While startup companies pay approximate $61,172.

Insurance Coverage Analyst I Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $61,172
Growth Stage 51~500 $64,696
Established 501~5000 $69,830
Enterprise 5000+ $72,316

Insurance Coverage Analyst I Salary by Industry: Top Paying Sectors

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.

The top paying industries for an Insurance Coverage Analyst I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Biotechnology$80,888$39.025%
Software & Networking$78,946$38.022%
Insurance$72,475$35.012%
Energy & Utilities$71,181$34.010%
Financial Services$71,181$34.010%

Insurance Coverage Analyst I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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 September 01, 2026
$60,960
Average $64,710/year
$70,420
$5,080
Average $5,393/month
$5,868
$1,172
Average $1,244/week
$1,354
$29
Average $31/hour
$34
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $70,420 $5,868 $1,354 $34
Average $64,710 $5,393 $1,244 $31
25th Percentile $60,960 $5,080 $1,172 $29

Insurance Coverage Analyst I Salary Growth & Career Path

Insurance Coverage Analyst I

Next Role

Advancement

Promotions 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%

Most common benefits for Insurance Coverage Analyst I

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Insurance Coverage Analyst I

Here are companies hiring for Insurance Coverage Analyst I and their salaries, click below for more details.

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FAQ about Insurance Coverage Analyst I

1. What industry pays the highest salary for Insurance Coverage Analyst I?

The Biotechnology industry offers the highest average compensation for Insurance Coverage Analyst I roles, with salaries approximately 25% above the market median.

2. What qualifies you as an analyst?

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.

3. How much do insurance analysts make in the US?

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.

4. What is the highest salary in insurance?

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.

5. Can you make good money as an analyst?

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.

6. What is insurance analysis?

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.

7. Is analyst a stressful job?

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.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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