VP of Claims Salary in Minneapolis, MN

How much does a VP of Claims make in Minneapolis, MN?

As of March 01, 2026, the average salary for a VP of Claims in Minneapolis, MN is $224,170 per year, which breaks down to an hourly rate of $108.

However, a VP of Claims's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $268,367
  • Majority Range (25th-75th percentile): $200,081 to $247,304
  • Entry-Level (10th percentile): $178,148
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View as table View as graph 25% $200,081 10% $178,148 90% $268,367 75% $247,304 $224,170 50%(Median) Didn’t find job title? Click

VP of Claims Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $247,304 $20,609 $4,756 $119
Average $224,170 $18,681 $4,311 $108
25th Percentile $200,081 $16,673 $3,848 $96
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Key Factors That Influence VP of Claims Salaries

A VP of Claims'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, skills and company size can directly affect your earning potential.

How Experience Level Affects VP of Claims Salaries?

Experience is a primary driver of a VP of Claims'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:

  • Claims Supervisor II (3-5 years): $105,382
  • Claims Manager (5+ years): $133,450
  • Claims Manager, Senior (5+ years): $155,872
  • Claims Director (5+ years): $191,829
  • VP of Claims (5+ years): $224,170
Job Role Years of Experience Average Salary
Claims Supervisor II3-5 years$105,382
Claims Manager5+ years$133,450
Claims Manager, Senior5+ years$155,872
Claims Director5+ years$191,829
VP of Claims5+ years$224,170
$105,382 Claims Su...
$133,450 Claims Ma...
$155,872 Claims Ma...
$191,829 Claims Di...
$224,170 VP of Cla...
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What Am I Worth?

Top Paying Cities for VP of Claims

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: $270,157
  • San Francisco: $267,501
  • Oakland: $261,568

What Skills Can Increase a VP of Claims's Salary?

Demanded Skills for the Role:

  • Leadership (Mentioned in 16.67% Job Postings): Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  • Data Analysis (Mentioned in 8.33% Job Postings): Data analysis is a process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively. Data mining is a particular data analysis technique that focuses on modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. In statistical applications, data analysis can be divided into descriptive statistics, exploratory data analysis (EDA), and confirmatory data analysis (CDA). EDA focuses on discovering new features in the data while CDA focuses on confirming or falsifying existing hypotheses. Predictive analytics focuses on application of statistical models for predictive forecasting or classification, while text analytics applies statistical, linguistic, and structural techniques to extract and classify information from textual sources, a species of unstructured data. All of the above are varieties of data analysis.
  • Brokerage (Mentioned in 4.17% Job Postings): A brokerage provides intermediary services in various areas, e.g., investing, obtaining a loan, or purchasing real estate.
See More Skills
Skills Demand Percentage
Leadership 16.67%
Data Analysis 8.33%
Brokerage 4.17%
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 a VP of Claims's salary.
  • Team Management: Can increase your salary by up to 22%.
  • Analytical Skills: Can increase your salary by up to 12%.
  • Initiative: Can increase your salary by up to 11%.
Skill Salary Salary % Increase
Team Management
$273,488
22%
Analytical Skills
$251,071
12%
Initiative
$248,829
11%
Leadership
$248,829
11%
Written Communication
$246,587
10%
Claim Handling
$244,346
9%
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VP of Claims Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a VP of Claims'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 March 01, 2026

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Cost of Living In Minneapolis, MN

Cost of Living in Minneapolis, MN is
16.5% Higher
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