How much does an Insurance Claim Service Representative III make hourly in the United States? The average hourly wage for an Insurance Claim Service Representative III in the United States is $25 as of May 27, 2022, but the range typically falls between $23 and $26. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Based on HR-reported data: a national average with a geographic differential
25% $23 10% $22 90% $28 75% $26 $25 50%(Median)
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Check out Insurance Claim Service Representative jobs in Virginia

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Job Description for Insurance Claim Service Representative III

Insurance Claim Service Representative III processes, adjusts, and closes claims of 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 III 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 III may handle claims for bodily injury and third-party loss. Requires a high school diploma or equivalent. Typically reports to a supervisor or manager. The Insurance Claim Service Representative III works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be an Insurance Claim Service Representative III typically requires 3-5 years of related experience, or may need 2 years experience with additional specialized training and/or certification. (Copyright 2022 Salary.com)... View full job description

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Job Openings for Insurance Claim Service Representative III
Those that have already made the climb...
Brian C. Sigman, Chief Financial Officer, Director
AG Mortgage Investment Trust, Inc., a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage-backed securities, other real estate-related securities, and financial assets in the United States. It operates through two segments, Securities and Loans, and Single-... More
Fiscal Year Ended in 2019
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total hourly compensation opportunity for an Insurance Claim Service Representative III, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
23
26
25

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
24
28
26
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Insurance Claim Service Representative III in the United States. The average hourly rate for Insurance Claim Service Representative III ranges from $23 to $26 with the average hourly pay of $25. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $24 to $28 with the average total hourly cash compensation of $26.
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23
26

 

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Skills associated with Insurance Claim Service Representative III: Insurance Products Servicing, Claim Settlement Policies, Customer Support, Insurance Regulatory Guidelines ...More

Salary estimation for Insurance Claim Service Representative III at companies like : AG MORTGAGE INVESTMENT TRUST, MANNING & NAPIER INC