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How much does an Insurance Claim Service Representative II make?

As of November 01, 2024, the average annual pay of Insurance Claim Service Representative II in the United States is $47,514. While Salary.com is seeing that Insurance Claim Service Representative II salary in the US can go up to $51,323 or down to $43,925, but most earn between $45,635 and $49,508. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Claim Service Representative II in the United States.

Insurance Claim Service Representative II Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $49,508 $4,126 $952 $24
Average $47,514 $3,959 $914 $23
25th Percentile $45,635 $3,803 $878 $22

Average Salary

25% $45,635 10% $43,925 90% $51,323 75% $49,508 $47,514 50%(Median) Didn’t find job title? Click
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What is the hourly and monthly salary as an Insurance Claim Service Representative II?

As of November 01, 2024, the average hourly salary is $23 (range: $21 to $25); the average monthly salary is $3,959 (range: $3,660 to $4,277).

Click the switch button below to see weekly and yearly salary of an Insurance Claim Service Representative II.

Last Updated on November 01, 2024
Last Updated on November 01, 2024

What are the salaries of Insurance Claim Service Representative II with different levels of experience?

As of November 01, 2024, Salary.com is seeing that an entry-level Insurance Claim Service Representative II with under 1 year experience makes about $46,781. With less than 2 years of experience, a mid-level Insurance Claim Service Representative II makes around $47,118. After 2-4 years, the Insurance Claim Service Representative II pay rises to about $47,904. Those senior Insurance Claim Service Representative II with 5-8 years of experience earn roughly $48,380, and those Insurance Claim Service Representative II having 8 years or more experience is expected to earn about $48,440 on average.

Levels Salary
Entry Level Insurance Claim Service Representative II $46,781
Intermediate Level Insurance Claim Service Representative II $47,118
Senior Level Insurance Claim Service Representative II $47,904
Specialist Level Insurance Claim Service Representative II $48,380
Expert Level Insurance Claim Service Representative II $48,440
$46,781 0 yr
$47,118 < 2 yrs
$47,904 2-4 yrs
$48,380 5-8 yrs
$48,440 > 8 yrs
Last Updated on November 01, 2024
Entry Level 2%
Mid Level 1%
Senior Level 1%
Top Level 2%
Experienced 2%
View as graph
Last Updated on November 01, 2024

How much does salary of Insurance Claim Service Representative II vary from state to state?

How much does salary of Insurance Claim Service Representative II vary from city to city?

Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.

For example, as of November 01, 2024, the average yearly salary of Insurance Claim Service Representative II in San Francisco, CA is $59,392 and in New York, NY, the average annual salary goes to $55,496. While an Insurance Claim Service Representative II earns $53,263 per year in Boston, MA.

What is the salary trend of Insurance Claim Service Representative II?

For those exploring the changing dynamics of Insurance Claim Service Representative II salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of November 01, 2024, our research highlights a notable shift in Insurance Claim Service Representative II compensation over the past six years. For instance, the median salary has moved from $41,572 in 2023 to about $42,006 in 2024 (for a comprehensive analysis of Insurance Claim Service Representative II salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.

Average Annual Salary of Insurance Claim Service Representative II Over Time

2020
$???
2021
$???
2022
$???
$41,572
2023
$42,006
2024
$41,707
2025
2026
$???
Last Updated on November 01, 2024
2020
$???
2021
$???
2022
$???
2023
$41,572
2024
$42,006
2025
$41,707
2026
$???
Last Updated on November 01, 2024

Insurance Claim Service Representative II Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $41,572
2024 $42,006
2025 $41,707
2026 View More
Last Updated on November 01, 2024

Job Openings of Insurance Claim Service Representative II

Salary.com job board provides millions of Insurance Claim Service Representative II information for you to search for. Click on search button below to see Insurance Claim Service Representative II job openings or enter a new job title here.

Most Common Benefits for Insurance Claim Service Representative II

Based on HR-reported data: a national average with a geographic differential
Base Salary 66.2%
Bonuses 3.7%
Social Security 5.3%
401k/403b 3.3%
Disability 0.6%
Healthcare 8.4%
Pension 3.8%
Time Off 8.6%
Core Compensation
Core Compensation Median % of Total
Base Salary $47,514 66.2%
Bonus $2,649 3.7%
Value of Benefits
Core Compensation Median % of Total
Social Security $3,837 5.3%
401K/403B $2,358 3.3%
Disability $401 0.6%
Healthcare $6,056 8.4%
Pension $2,759 3.8%
Time Off $6,174 8.6%
Total Compensation $71,748 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on November 01, 2024

FAQ about Insurance Claim Service Representative II

1. What is the average salary of an Insurance Claim Service Representative II?

The average annual salary of Insurance Claim Service Representative II is $47,514. In case you are finding an easy salary calculator, the average hourly pay of Insurance Claim Service Representative II is $23; the average weekly pay of Insurance Claim Service Representative II is $914; the average monthly pay of Insurance Claim Service Representative II is $3,959.

2. Where can an Insurance Claim Service Representative II earn the most?

An Insurance Claim Service Representative II's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Insurance Claim Service Representative II earns the most in San Jose, CA, where the annual salary of an Insurance Claim Service Representative II is $59,630.

3. What is the highest pay for Insurance Claim Service Representative II?

The highest pay for Insurance Claim Service Representative II is $51,323.

4. What is the lowest pay for Insurance Claim Service Representative II?

The lowest pay for Insurance Claim Service Representative II is $43,925.

5. What are the responsibilities of Insurance Claim Service Representative II?

Insurance Claim Service Representative II processes, adjusts, and closes claims of low to moderate complexity in a contact center setting. Prepares initial claim reports, records statements from involved parties, and maintains First Notice of Loss (FNOL) information. Being an Insurance Claim Service Representative II negotiates settlements within approved limits. Does not handle claims requiring outside field adjustment and refers complex claims to designated experts. Additionally, Insurance Claim Service Representative II requires a high school diploma or equivalent. Typically reports to a supervisor or manager. The Insurance Claim Service Representative II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be an Insurance Claim Service Representative II typically requires 1-3 years of related experience.

6. What are the skills of Insurance Claim Service Representative II

Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.)

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.)

Health Insurance: Health insurance is a type of insurance coverage that pays for health and medical expenses. Health insurance covers some or all of the costs of routine care, emergency care, and treatment for chronic illnesses.

3.)

Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for an Insurance Claim Service Representative II is $47,514 per year in the United States, updated at November 01, 2024.
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