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Insurance Coverage Analyst IV Salary in the United States

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

As of September 01, 2026, the average salary for an Insurance Coverage Analyst IV in the United States is $122,610 per year, which breaks down to an hourly rate of $59.

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

  • Top Earners (90th percentile): $143,205
  • Majority Range (25th-75th percentile): $114,710 to $133,390
  • Entry-Level (10th percentile): $107,517
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Insurance Coverage Analyst IV Salaries

An Insurance Coverage Analyst IV'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 IV'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 II (2-4 years): $73,760
  • Organizational Insurance Risk Analyst III (4-7 years): $96,720
  • Insurance Coverage Analyst IV (7+ years): $122,610
  • Insurance Coverage Analyst V (7-10 years): $141,863
  • Insurance Coverage Supervisor (10+ years): $107,223
Job Role Years of Experience Average Salary
Organizational Insurance Risk Analyst II2-4 years$73,760
Organizational Insurance Risk Analyst III4-7 years$96,720
Insurance Coverage Analyst IV7+ years$122,610
Insurance Coverage Analyst V7-10 years$141,863
Insurance Coverage Supervisor10+ years$107,223
View as Graph

How Do Insurance Coverage Analyst IV 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 IVs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $135,760.
  • California: $135,240.
  • Massachusetts: $133,440.

Top Paying Cities for Insurance Coverage Analyst IVs

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: $154,650
  • San Francisco: $152,960
  • Oakland: $149,740

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

Demanded Skills for the Role:

  • Risk Management (Mentioned in 19.8% 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.
  • Underwriting (Mentioned in 2.97% Job Postings): Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  • Support Services (Mentioned in 1.98% Job Postings): Support Services means those activities provided to or on behalf of a person in the areas of personal care and assistance and property maintenance in order to allow a person to live in the least restrictive environment.
Skills Demand Percentage
Risk Management 19.8%
Underwriting 2.97%
Support Services 1.98%
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 IV's salary.

  • Collaboration: Can increase your salary by up to 29%.
  • Loss Prevention: Can increase your salary by up to 29%.
  • Risk Management: Can increase your salary by up to 26%.
Skill Salary Salary % Increase
Collaboration $158,167
29%
Loss Prevention $158,167
29%
Risk Management $154,489
26%
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Insurance Coverage Analyst IV Salary by Company Size: Startups vs. Enterprise

Insurance Coverage Analyst IV salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $137,022. While startup companies pay approximate $115,906.

Insurance Coverage Analyst IV Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $115,906
Growth Stage 51~500 $122,583
Established 501~5000 $132,312
Enterprise 5000+ $137,022

Insurance Coverage Analyst IV Salary by Industry: Top Paying Sectors

For Insurance Coverage Analyst IV 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 Aerospace & Defense and Business Services sectors offer the strongest compensation, at 20% above the average. In contrast, Insurance Coverage Analyst positions in Biotechnology or Transportation typically offer lower base pay, as these industries often view Insurance Coverage Analyst IV as a support function rather than a direct revenue driver.

The top paying industry for an Insurance Coverage Analyst IV

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Aerospace & Defense$147,132$71.020%

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

Understanding how an Insurance Coverage Analyst IV'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
$114,710
Average $122,610/year
$133,390
$9,559
Average $10,218/month
$11,116
$2,206
Average $2,358/week
$2,565
$55
Average $59/hour
$64
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $133,390 $11,116 $2,565 $64
Average $122,610 $10,218 $2,358 $59
25th Percentile $114,710 $9,559 $2,206 $55

Insurance Coverage Analyst IV Salary Growth & Career Path

Insurance Coverage Analyst IV

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As an Insurance Coverage Analyst IV, 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 28%
Insurance Coverage Analyst V $141,900 16%
Operational Risk Analyst V $155,900 27%

Most common benefits for Insurance Coverage Analyst IV

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

Common company salaries for Insurance Coverage Analyst IV

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

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FAQ about Insurance Coverage Analyst IV

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

The Aerospace & Defense industry offers the highest average compensation for Insurance Coverage Analyst IV roles, with salaries approximately 20% above the market median.

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

The highest-paid specialty in the US is Neurosurgery, with salaries significantly exceeding those of other fields. For instance, an Insurance Coverage Analyst earns between $112,640 and $143,930, with a median salary of $127,110. This highlights the lucrative nature of specialized medical professions, particularly in surgical fields.

3. What is the highest salary for an analyst?

The highest salary for an Insurance Coverage Analyst is $143,930. The salary range for this position typically starts at $112,640, with a mid-level salary of $127,110. This role offers competitive compensation compared to other analyst positions in the industry.

4. Which analysts make the most money?

Top-paying analyst roles, including Insurance Coverage Analysts, offer competitive salaries ranging from $112,640 to $143,930. Factors such as specialized skills, industry knowledge, and location significantly impact these earnings, making this field lucrative for professionals with the right expertise.

5. What is the expected salary of an analyst?

The expected salary for an Insurance Coverage Analyst ranges from $112,640 to $143,930 per year, with a median salary of $127,110. These figures reflect the typical compensation for this role, based on industry data and salary surveys.

6. Can insurance agents make 100k?

Yes, insurance agents can make over $100,000. Based on the salary data for Insurance Coverage Analysts, the minimum salary is $112,640, the mid-salary is $127,110, and the maximum salary reaches $143,930. With the right commission structure and sales volume, agents can certainly achieve or exceed these figures in their careers.

7. Do analysts make good money?

Analysts can earn competitive salaries, especially in specialized fields like insurance coverage. For an Insurance Coverage Analyst, salaries range from a minimum of $112,640 to a mid-level of $127,110, with top earners making up to $143,930. This indicates that analysts in this sector can indeed make good money compared to general data analyst roles.

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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