Insurance Rater salary in Canada

Average Yearly Salary of Insurance Rater in Canada is approximately 39,569 CAD (39,344 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Insurance Rater do?

An insurance rater is responsible for evaluating and determining the appropriate premiums for insurance policies. They analyze various factors such as the applicant's age, health condition, occupation, and past claims history to assess the level of risk involved. Insurance raters use specialized software and databases to calculate premiums accurately and ensure compliance with industry regulations. Their main duties include reviewing applications, collecting and verifying information, conducting risk assessments, and providing quotes to clients. They also collaborate with underwriters and insurance agents to resolve any discrepancies or issues that may arise during the rating process. Accuracy, attention to detail, and strong analytical skills are crucial in this role.

Skills: Insurance, Rater, Premiums, Risk assessment, Underwriting, Analytical skills
Job industry: Insurance

How much does Insurance Rater make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Insurance Rater a well paid job?

No, our data shows that Insurance Rater is typically not a well-paid job. The salary varies based on experience. Meaning that even though Insurance Rater might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Insurance Rater?

High salary for Insurance Rater would be somewhere between 43,526 CAD and 57,375 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Insurance Rater in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 39,569 CAD
Estimated Monthly Salary: 3,297 CAD
Estimated Weekly Salary: 761 CAD per week
Estimated Hourly Salary: 19 CAD per hour
By working as Insurance Rater a person can save up to 1,160 USD per month or 13,923 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Insurance Rater

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Canada

Data as of 2025

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