Auto Insurance Career Opportunities Guide

The insurance industry provides job opportunities for everyone from entry-level employees to experienced leaders.

If you’re looking to get your career in the insurance industry started, there are plenty of options available to you, from property insurance jobs to life insurance careers.

There are also numerous positions available in the health insurance field and even some auto insurance careers that you can choose if that interests you more than others!

Auto Insurance Career – Here’s everything you need to know about getting started with an insurance career!

What Does an Auto Claims Adjuster Do?

To many people, auto insurance is something that they have to buy but never really think about after they’ve paid their premium. However, insurance companies rely on adjusters to thoroughly investigate claims and determine whether or not payments are warranted.

As an Auto claims Adjuster, you’ll spend your days reviewing car accidents and investigating vehicles. You’ll work with lawyers and insurance companies, examining factors such as weather conditions, distracted drivers, or faulty brakes.

In some cases, you may even be called upon to speak in court and provide testimony about how accidents occurred and how injuries were sustained.

How Much Do Insurance Adjusters Make?

Adjusters can earn a median annual salary of $60,410, but those at the top of their field can make well over $100,000. The Bureau of Labor Statistics projects that employment for insurance adjusters will grow about as fast as average through 2022.

If you have a knack for numbers and are interested in helping people navigate a complicated system, then you might enjoy working as an insurance adjuster.

Plus, even if you don’t have your firm to manage, insurance jobs often offer great benefits packages that include health and dental coverage, retirement plans and bonuses for great work!

What Are the Education Requirements?

You don’t need a college degree to become an insurance agent. However, most jobs do require some level of education and training. In most cases, applicants must have at least a high school diploma or GED; however, some employers may accept up to two years of related experience instead of a degree.

Depending on where you’re seeking employment, you may be able to obtain your license online or through classroom instruction from an accredited insurance company. To pass state exams, many companies offer classroom-based study materials for their prospective agents.

What Are the Other Job Requirements?

Before you get too far into your insurance career search, it’s important to understand what you need to do or become before starting work. Typically, careers in insurance require a minimum of an associate degree; however, many employers prefer candidates with bachelor’s degrees.

Auto Insurance Career – You may need to earn certification as well—the type and level will depend on your job and employer. Certification is commonly required in life insurance sales, while a real estate license may be needed for property and casualty jobs.

Auto Insurance Career – Whatever job you choose, do some research to make sure that you meet all of your future employer’s requirements before moving forward with a career search.

Is There Room for Advancement?

The majority of people who work in auto insurance don’t make their career in it. However, there are still a wide variety of positions within most insurance companies and your potential for advancement is largely dependent on your industry experience and work ethic.

Auto Insurance Career – Within an organization, you’ll likely be able to climb from one position to another over time as long as you continue to prove yourself.

Some positions with more seniority might offer opportunities to move into leadership roles like running a branch or supervising a group of claims adjusters. Since each company is different, it’s best to ask about your future growth opportunities when interviewing for an auto insurance job.

What Are Some Related Alternative Careers?

You could consider a career in life insurance, health insurance, or property and casualty insurance if you don’t have an interest in working directly with autos. Life, health, and P&C insurers all provide similar products as auto insurers, but these positions require different skill sets.

Each position will also typically require that you have a related bachelor’s degree—and experience may be even more important than education for some positions.

Auto Insurance Career – If you’re interested in working with cars and want to remain within the auto-insurance industry, there are still plenty of opportunities available to you—ranging from a sales associate at an agency to a risk manager for an insurer.

Auto Insurance Career – Earning Power

The Bureau of Labor Statistics expects job openings in insurance to grow by more than 14 per cent between 2012 and 2022, which is higher than average. In addition, since these jobs typically require a bachelor’s degree, they tend to pay more than many other fields.

The median annual wage for insurance sales agents was $50,390 in May 2015. Adjusters earned $56,670 a year on average, and underwriters averaged $63,360 per year during that period. Additionally, some insurance professionals make well into six figures annually.

Final Verdict –  Auto Insurance Career

Auto insurance is one of those areas that you don’t think about until there’s a problem. Then it seems like you can’t even go a day without hearing something about insurance, especially if you own a car.

Auto accidents are so common that many people think their vehicle insurance is something they pay for but never actually use; however, your coverage is important to have in place just in case your luck does run out and you get into an accident.

If you want to learn more about how to become an auto insurance agent or adjuster, check out our guide on how to get a job as an Auto Insurance Agent.