Salary AI Book a Demo
upper level job

Insurance Coverage Analyst II Salary in the United States

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

As of September 01, 2026, the average salary for an Insurance Coverage Analyst II in the United States is $73,760 per year, which breaks down to an hourly rate of $35.

However, an Insurance Coverage Analyst II's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $85,987
  • Majority Range (25th-75th percentile): $68,660 to $80,160
  • Entry-Level (10th percentile): $64,017
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Insurance Coverage Analyst II Salaries

An Insurance Coverage Analyst II'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 II'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:

  • Organizational Insurance Risk Analyst I (0-2 years): $64,702
  • Insurance Coverage 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
Organizational Insurance Risk Analyst I0-2 years$64,702
Insurance Coverage 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 II 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 IIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $81,670.
  • California: $81,360.
  • Massachusetts: $80,280.

Top Paying Cities for Insurance Coverage Analyst IIs

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: $93,040
  • San Francisco: $92,020
  • Oakland: $90,080

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

Demanded Skills for the Role:

  • Risk Management (Mentioned in 29.13% 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.
  • Android (Mentioned in 2.1% Job Postings): Android OS is a Linux-based mobile operating system that primarily runs on smartphones and tablets.
  • Loss Prevention (Mentioned in 1.36% Job Postings): Loss prevention refers to measures taken to prevent the loss of life, health, and property. In the workplace, this involves preventing accidents, reducing risks, and controlling known hazards.
Skills Demand Percentage
Risk Management 29.13%
Android 2.1%
Loss Prevention 1.36%
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 II's salary.

  • Program Management: Can increase your salary by up to 24%.
  • Project Management: Can increase your salary by up to 21%.
  • Verbal Communication: Can increase your salary by up to 17%.
Skill Salary Salary % Increase
Program Management $91,462
24%
Project Management $89,250
21%
Verbal Communication $86,299
17%
Get Latest Data

Insurance Coverage Analyst II Salary by Company Size: Startups vs. Enterprise

Insurance Coverage Analyst II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $82,430. While startup companies pay approximate $69,727.

Insurance Coverage Analyst II Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $69,727
Growth Stage 51~500 $73,744
Established 501~5000 $79,597
Enterprise 5000+ $82,430

Insurance Coverage Analyst II Salary by Industry: Top Paying Sectors

For Insurance Coverage Analyst II roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Business Services sectors offer the strongest compensation, at 20% above the average. In contrast, Insurance Coverage Analyst positions in Aerospace & Defense or Transportation typically offer lower base pay, as these industries often view Insurance Coverage Analyst II as a support function rather than a direct revenue driver.

The top paying industry for an Insurance Coverage Analyst II

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Biotechnology$88,512$43.020%

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

Understanding how an Insurance Coverage Analyst II'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
$68,660
Average $73,760/year
$80,160
$5,722
Average $6,147/month
$6,680
$1,320
Average $1,418/week
$1,542
$33
Average $35/hour
$39
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $80,160 $6,680 $1,542 $39
Average $73,760 $6,147 $1,418 $35
25th Percentile $68,660 $5,722 $1,320 $33

Insurance Coverage Analyst II Salary Growth & Career Path

Insurance Coverage Analyst II

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As an Insurance Coverage Analyst II, 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 $156,700 112%
Environmental Risk Control Specialist $103,000 40%
Organizational Insurance Risk Analyst III $96,800 31%
Operational Risk Analyst III $96,800 31%

Most common benefits for Insurance Coverage Analyst II

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

Common company salaries for Insurance Coverage Analyst II

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

Find Your Next Insurance Coverage Analyst II Job

Ready to take the next step in your career? Browse thousands of current Insurance Coverage Analyst II job openings on our job board. Use the search bar below to find your perfect match.

For Employees

Analyze the market and your qualifications to negotiate your salary with confidence.

Get a Salary Increase

Search thousands of open positions to find your next opportunity.

Search Job Openings

For Employers

Individualize employee pay based on unique job requirements and personal qualifications.

Adjust Employee Salary

Get the latest market price for benchmark jobs and jobs in your industry.

Price My Industry Jobs

FAQ about Insurance Coverage Analyst II

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

The Biotechnology industry offers the highest average compensation for Insurance Coverage Analyst II roles, with salaries approximately 20% above the market median.

2. Is Analyst II higher than analyst?

The Insurance Coverage Analyst position is typically more advanced than an entry-level analyst role. The complexity and scope of work for an Insurance Coverage Analyst can be greater, reflecting in the salary range of $73,510 to $96,640, with a midpoint of $84,330. This indicates a higher level of responsibility and expertise compared to a junior analyst position.

3. What is the highest paid specialty in the US?

The highest-paid specialty in the US is neurosurgery, which involves complex surgeries of the brain and nervous system. Aspiring neurosurgeons must complete a rigorous seven-year residency. While the average annual compensation for neurosurgeons is significantly higher than that of an Insurance Coverage Analyst, the latter's salary ranges from $73,510 to $96,640.

4. Do analysts get paid well?

In the US, Insurance Coverage Analysts earn between $73,510 and $96,640, with a median salary of $84,330. This indicates that analysts in this field are compensated well, especially as they gain experience. Salaries can vary significantly based on specific roles and responsibilities within the insurance sector.

5. How much does a health policy analyst make in the US?

The salary for an Insurance Coverage Analyst in the US ranges from $73,510 to $96,640, with a median salary of $84,330 per year. These figures reflect the typical earnings for this role, providing a clear picture of the compensation landscape for professionals in this field.

6. What is the salary of Analyst II in Bank of America?

The estimated total pay range for an Insurance Coverage Analyst at Bank of America is $73,510–$96,640 per year, which includes base salary and additional compensation. The midpoint salary is approximately $84,330.

7. Which Bank pays analysts the most?

The salary for an Insurance Coverage Analyst ranges from $73,510 to $96,640, with a median of $84,330. While specific bank salaries may vary, top investment banks like Lazard, Rothschild, and Goldman Sachs are known for competitive pay, often exceeding these figures for analysts.

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.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
lower level job