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Insurance Policy Processing Clerk

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AVG. SALARY

$37,470

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EDUCATION

High school (GED) +

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JOB OUTLOOK

Stable

Money & Outlook

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West Virginia Earnings

Average Annual Wage

$37,470

Entry Annual Wage

$28,440

Experienced Annual Wage

$47,390

Average Hourly Wage

$18.02

Entry Hourly Wage

$13.68

Experienced Hourly Wage

$22.78

Median Hourly Wage

$17.27

West Virginia Regional Earnings

West Virginia Metropolitan Areas Wages

Region Average Entry Level Experienced
Charleston MSA $37,290 or $17.93/hr $30,630 or $14.73/hr $47,330 or $22.75/hr
Hagerstown-Martinsburg MD-WV MSA $44,850 or $21.56/hr $37,210 or $17.89/hr $57,850 or $27.81/hr
Huntington-Ashland WV-KY-OH MSA $37,150 or $17.86/hr $27,310 or $13.13/hr $46,230 or $22.23/hr
Morgantown MSA $36,210 or $17.41/hr $27,910 or $13.42/hr $45,660 or $21.95/hr
Parkersburg-Vienna MSA $36,640 or $17.61/hr $26,570 or $12.78/hr $46,090 or $22.16/hr
Washington-Arlington-Alexandria DC-VA-MD-WV $55,530 or $26.70/hr $38,160 or $18.35/hr $77,420 or $37.22/hr
Weirton-Steubenville WV-OH MSA $39,140 or $18.82/hr $31,100 or $14.95/hr $46,310 or $22.26/hr
Wheeling WV-OH MSA $37,260 or $17.91/hr $29,740 or $14.30/hr $48,220 or $23.18/hr
Winchester VA-WV MSA $40,810 or $19.62/hr $30,590 or $14.71/hr $57,550 or $27.67/hr
Beckley MSA $37,110 or $17.84/hr $30,880 or $14.85/hr $47,010 or $22.60/hr

West Virginia Geographical Areas Wages

Region Average Entry Level Experienced
Southern West Virginia nonmetropolitan area $38,120 or $18.33/hr $26,480 or $12.73/hr $65,590 or $31.53/hr
Northern West Virginia nonmetropolitan area $35,820 or $17.22/hr $26,490 or $12.73/hr $55,340 or $26.61/hr

West Virginia's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 7%
Job Openings 100 estimated annual job openings
Employment 959 were employed in this occupation

West Virginia's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Workforce Investment Area 1 35 3% 1 3 4
Workforce Investment Area 2 98 7% 1 10 11
Workforce Investment Area 3 273 3% 1 26 27
Workforce Investment Area 4 134 9% 1 13 14
Workforce Investment Area 5 137 10% 1 13 14
Workforce Investment Area 6 117 6% 1 11 12
Workforce Investment Area 7 55 5% 5 5

National Earnings

The earnings information below is for the occupational group Insurance Claims and Policy Processing Clerks. The occupation Insurance Policy Processing Clerk is part of this group.

Average Annual Wage

$47,840

Average Hourly Wage

$23.00

Average Annual Range

$33,710 to $64,350

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook decreasing
  The employment change from 2021 to 2031 is estimated to be -2%.
(The National average for all occupations is +5%)
Job Openings very small number
  A total of 2460 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
Employment medium occupation
  This was a medium sized occupation in the United States, employing 247,800 workers in 2021.
(The National average for all occupations is 142,207 workers)
Growth Declining growth
  Productivity-enhancing technology is expected to limit demand for insurance claims and policy processing clerks. 
Non Traditional Occupation This is a non-traditional occupation for men in 2022.
Industries Large concentrations of this occupation are found in these industries
  • Finance and insurance (NAICS520000) (85.1%)
  • Insurance carriers and related activities (NAICS524000) (84.3%)
  • Insurance carriers (NAICS524100) (47.3%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (37%)
  • Insurance agencies and brokerages (NAICS524210) (24.7%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (21.8%)
  • Direct health and medical insurance carriers (NAICS524114) (16.9%)
  • Other insurance related activities (NAICS524290) (12.3%)