Many people experienced job insecurity last year due to the pandemic. It quickly became clear that a lot of industries won’t hold up against extreme circumstances like mandatory quarantine or social distancing. Now, people who were laid off are seeking promising new career opportunities. A career as a claims adjuster is one career path that is certainly worth exploring.
Accidents and severe weather events will continue to happen regardless of whatever else is going on in the world. For this reason, insurance adjusters will continue to enjoy high levels of job security. 2021 Training offers top-of-the-line insurance adjusting courses that will provide you with everything you need to get licensed in Texas. Our comprehensive courses will teach you industry best practices, and you’ll be prepared to close out claims fast and make a lot of money in the process.
Job Outlook
The outlook for jobs in the insurance adjusting industry will continue to be positive in the near future. Insurance Adjuster jobs are projected to continue growing through 2024. So, there’s really no better time to complete your pre-licensing work than the present moment. You can investigate a variety of claims with a Texas All-Lines Insurance Adjusting license. Adjusters with this license can investigate auto, home, and catastrophe along with several others. Another cool thing about the Texas All-Lines license is that you can work in any state that has a reciprocity agreement with Texas. You can also choose to work as either an independent or staff adjuster.
Salary
According to the U.S. Bureau of Labor Statistics, the annual median pay for an insurance adjuster is $66,540. However, salary amounts vary drastically depending on the city you operate out of and other factors like education, experience, licensing, and skills. Your salary also depends on the type of work you accept. For example, an independent adjuster that investigates catastrophe claims will make more money than one who only investigates auto claims.
Staff Adjuster Benefits
If you choose to work as a staff claims adjuster you’ll enjoy a certain amount of stability. You can expect a steady paycheck each month. Insurance companies offer benefits like health and dental insurance, paid vacations, a 401K plan, and PTO. A lot of the time the company will also offset costs for your training and professional development. You can also expect to enjoy work-life balance as you will work a fixed schedule.
Independent Insurance Adjuster Benefits
Working as independent adjuster yields a lot of benefits. You’ll enjoy a lot of freedom because you can control where you travel, which assignments you’ll accept, and who you’ll work for. Independent adjusters typically make more money than staff adjusters too. However, you won’t get the benefits like insurance, and you’ll be responsible for expenses like adjusting equipment and vehicle maintenance.
2021 Training
The job forecast for insurance adjusters is promising. Sign up for insurance adjusting courses to get your license or just learn more about industry best practices. Our staff is highly knowledgeable about the insurance industry and we offer 24/7 support to students using our online platform.
Insurance Adjuster Salaries in Hurricane States
Texas Insurance Adjuster Salaries
Let’s start with our home state of Texas. According to erieri.com and indeed.com, the average salary for an independent claims adjuster in Texas is between $55,000 and $67,000 per year. Many adjusters make far less, and many make far more. Why is there such a wide range? It’s because there are many factors that figure into earning potential for adjusters. Whether you work in the public or private sector, your employer, tenure, and training all make a difference. The most important of those factors are training and experience. When you have solid training like you get with 2021 Training, you can hit the ground running and catch up to those who are making the big bucks faster.
Louisiana Insurance Adjuster Salaries
Another major state for catastrophe claims adjusting is our immediate neighbor to the east, Louisiana. Often, the storms that ravage our Texas coastline are on a trajectory to do significant damage in Louisiana as well. Additionally, since storms are often unpredictable, some will be on track to hit Texas and change course for Louisiana instead. Therefore, it’s often a good idea to have a license in Louisiana as well as Texas, even if Texas is your home base.
Average salaries for insurance adjusters in Louisiana are similar to what we see in Texas. Of course, adjusters in both states can maximize their earnings by having a license in both states and traveling when the need arises.
Florida Insurance Adjuster Salaries
Of all the coastal states, Florida is often the one hit hardest by tropical storms and hurricanes. It has the most landmass surrounded by water and is the farthest south, making it especially vulnerable. As such, claims adjusting is an especially lucrative career there. Again, the averages there are very similar to Texas and Louisiana, falling between $55,000 and 85,000 per year. According to Indeed.com, the large range in salaries suggests the opportunity for growth based on experience and skill. Just like in Texas and Louisiana, you do need a license to work in Florida.
Maximizing Earning Potential as a Claims Adjuster
Many folks get into insurance adjusting because they hear that claims adjusters can make upwards of 100,000 per year. This is certainly possible, but hearing these averages can be discouraging for some. Averages take into account both beginners and seasoned pros, so they naturally fall somewhere in the middle. The best way to maximize your earning potential is to get a solid foundation of training, like what we offer with 2021 Training. With our New Adjuster courses, you get all the training you need to pass your licensing exam for the state of Texas. Additionally, you have the opportunity to learn the practical skills you’ll need out in the field to succeed.
The 5 Major Companies that Hire Insurance Adjusters
Pilot Catastrophe Services Jobs
Pilot is an independent insurance adjusting firm with headquarters in Mobile, AL. An insurance adjusting firm is a company that employs or contracts adjusters to work for their clients, who are insurance companies. Pilot is one of the largest and most trusted agencies in North America. Two of their largest clients are also big names: Allstate and State Farm. They investigate claims of all kinds, including property, vehicle, and marine. Pilot is a major employer for adjusters, and they are a great option for both new and veteran adjusters. They are consistently rated as a great place to work and currently have a 91% recommend rating on Glassdoor.com.
E. A. Renfroe Claims Adjuster Jobs
Another great company for new adjusters is E. A. Renfroe. They have been in business for over 25 years and have an excellent reputation. Renfroe represents a large number of carriers, including other clients like government organizations and self-insured corporations. They are well known for their willingness to work with rookie adjusters. In fact, they are in the top 4 companies that deploy new investigators. They also enjoy a high rating on Glassdoor.com with 61% of adjusters saying they would recommend the company to others. One comment says it simply, “Good pay, good people, good culture.”
Eberl Claims Service Claims Adjuster Jobs
If you are looking to work for a company with a long and reliable history in the field, look no further than Eberl. The company was officially started in 1987, but has a background in claims management that dates all the way back to 1954. They work with a large variety of companies and on many different types of claims, from large projects and disasters to everyday needs such as auto accident claims. They are also well known for their culture, which has a “welcoming, family feel and being a friendly environment for new adjusters.
Worley/Alacrity Solutions Claims Adjuster Jobs
These two companies joined forces in 2019 when Worley Claims Services acquired Alacrity Solutions. Together, they form a major force in the insurance claims adjusting industry. They represent the largest surplus, standard, and excess lines carriers in the United States. Their combined reputation is one of the best in the business. They are known for a long history of success and are well respected by both clients and staff.
USAA (Texas) Insurance Adjuster Jobs
If you are looking to increase your earning potential, but want the consistency and benefits of a W-2 job, working for an insurance company like USAA directly might be right for you. USAA is an company that provides insurance services to active duty and veterans of the US Military. USAA in Texas is a great option for new adjusters, as they provide extensive training and support for new reps. Having training and a license before you get hired can only help your chances of getting hired. Other insurance companies that have a good reputation for new adjusters are Allstate, State Farm, and Geico.
How Much Money Do Insurance Adjusters in Texas Make?
The Truth about Texas Insurance Adjuster Salaries
Will your insurance adjuster license make you wealthy, or will it barely pay your bills? As with most things, the truth lies somewhere in the middle. It also depends a lot on you, your drive, and the amount of time you can commit to your career.
For this report, we looked at insurance adjuster salaries from Glassdoor, Indeed, ZipRecruiter, and the Bureau for Labor Statistics (BLS). All of the salaries are specific to Texas except for the BLS, which is nationwide.
What did we find out? There is good news! Insurance adjusters in Texas are doing well for themselves, with most salaries falling solidly into the middle-class range. According to Zippia, Texas is the best state for insurance adjusters, with salaries that surpass those of all the other states (after adjusting for cost of living).
According to the U.S. Department of Labor, claims adjusters earned an average of $59,960 in 2012. The top ten percent earned more than $89,810, and the bottom ten percent earned less than $36,950. Recruiter also reports that insurance adjusters typically earn an average salary between $40,000 and $60,000, with the top earners reaching about $90,000.
Factors That Affect Your Earnings
There are many factors that will determine your salary once you’ve become a licensed insurance adjuster. Some of the most important are:
- Your Sector. Do you want to work for the government? Would you rather work for the public, or for a private insurance company? Some adjusters find fulfillment through helping the public, but their salaries might not be as high as those at a private company. Government jobs usually come with good benefits, so that’s another consideration.
- Your Tenure. Salaries tend to increase as adjusters gain more experience. This is either due to promotion within their company or their increasing ability to use their time better and network with others who have been in the business a long time.
- Your Employer. If you decide to work for a company and become a staff adjuster, you will have a steady income. If you decide to become an independent claims adjuster, you could have good years where you break six figures, and long dry spells in between.
- Your Training. Adjusters who complete the curriculum at 2021 Training have an advantage over others who get their training elsewhere. While most programs will give you sufficient book knowledge, they don’t have real adjusters to teach you what it’s like in the field through their personal anecdotes and wisdom.
