Average Insurance Adjuster Salary in New Zealand for 2024

In this article, we will look at the average Insurance Adjuster salary for 2024 in New Zealand and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the New Zealand dollar. To keep things simple, we are using the NZD currency code instead of the currency symbol $.

How Much Does an Insurance Adjuster Make in New Zealand?

An Insurance Adjuster working in New Zealand will typically earn around 92,600 NZD per year, and this can range from the lowest average salary of about 46,200 NZD to the highest average salary of 146,900 NZD.

Average Annual Salary
92,600 NZD
Average Monthly Salary
7,716 NZD

Lowest Annual Salary
46,200 NZD
Lowest Monthly Salary
3,850 NZD

Highest Annual Salary
146,900 NZD
Highest Monthly Salary
12,241 NZD

These are average salaries for an Insurance Adjuster in New Zealand and include benefits such as housing and transport. It's also possible for an Insurance Adjuster to earn more or less than the average salaries shown above.

Insurance Adjuster salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Insurance Adjuster Salaries in New Zealand

So we've looked at the average salaries an Insurance Adjuster will earn in New Zealand. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Insurance Adjuster can earn between 46,200 NZD and 146,900 NZD on average in New Zealand. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Insurance Adjuster in New Zealand is 98,000 NZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 98,000 NZD, and 50% of the population earn more than 98,000 NZD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Insurance Adjuster salary in New Zealand, 25% of the population are earning less than 64,800 NZD while 75% of the population earn more than 64,800 NZD.

75% of the population earn less than 127,600 NZD, and 25% of the population earn more than 127,600 NZD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Insurance Adjuster Salary by Experience Level in New Zealand

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average insurance adjuster salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Insurance Adjuster in New Zealand that has less than two years of experience can expect to earn somewhere in the region of 51,800 NZD.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Adjuster salary would increase to 76,000 NZD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Adjuster, the average salary would be 98,000 NZD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 121,800 NZD.
  • 15 - 20 Years Experience. An Insurance Adjuster with 15 to 20 years of experience can earn an average of 130,500 NZD.
  • 20+ Years Experience. For an Insurance Adjuster with more than 20 years, the expected average salary increases to 142,100 NZD.

Average Salary by Experience Chart

0-2 Years
51,800 NZD
2-5 Years +42%
76,000 NZD
5-10 Years +31%
98,000 NZD
10-15 Years +23%
121,800 NZD
15-20 Years +6%
130,500 NZD
20+ Years +10%
142,100 NZD

Insurance Adjuster Salary by Education Level in New Zealand

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Insurance Adjuster in New Zealand based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Insurance Adjuster in New Zealand with a certificate or diploma education can earn an average salary of 69,400 NZD.

  • Bachelor's Degree. An Insurance Adjuster in New Zealand with a bachelor's degree education can earn an average salary of 134,100 NZD.

Average Salary by Education Chart

Certificate or Diploma
69,400 NZD
Bachelor's Degree +90%
134,100 NZD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in New Zealand is around 40,500 to 122,000 NZD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Insurance Adjuster Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In New Zealand, a male insurance adjuster will earn an average of 94,800 NZD, while a female insurance adjuster will earn around 93,200 NZD.

This means that a male insurance adjuster earns approximately 2% more than a female insurance adjuster for performing the same job.

Average Salary by Gender Chart in New Zealand

Male
94,800 NZD
Female -2%
93,200 NZD

Insurance Adjuster Average Pay Raise in New Zealand

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Insurance Adjuster in New Zealand is around 11% every 16 months.

The national average pay raise across all professions and industries in New Zealand is around 8% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 16 ) × 12  = 8%

What this means is that an Insurance Adjuster in New Zealand can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in New Zealand for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in New Zealand.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Insurance Adjuster Bonus and Incentive Rates in New Zealand

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Insurance Adjuster is a low bonus based job, with 33% of employees reporting at least one bonus in the last 12 months.

67% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Received Bonus
33%
No Bonus
67%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in New Zealand earn approximately 5% more than private sector employees in the same role.

Public Sector
97,900 NZD
Private Sector -5%
93,100 NZD

Salaries for Jobs Similar to an Insurance Adjuster

In the table below, we have salary information for jobs that are similar to an Insurance Adjuster in New Zealand.

Job Title Category Salary
Actuarial Analyst Insurance 128,400 NZD
Actuarial Assistant Insurance 85,800 NZD
Actuarial Specialist Insurance 95,300 NZD
Actuary Insurance 127,700 NZD
Adjustment Insurance Clerk Insurance 35,300 NZD
Assistant Broker Insurance 58,700 NZD
Assistant Claims Manager Insurance 109,000 NZD
Associate Insurance Representative Insurance 48,500 NZD
Auditing Insurance Manager Insurance 146,700 NZD
Broker Insurance 95,600 NZD
Claim Advocacy Professional Insurance 92,100 NZD
Claims Adjuster Insurance 33,600 NZD
Claims Analyst Insurance 49,700 NZD
Claims Examiner Insurance 48,500 NZD
Claims Manager Insurance 141,000 NZD
Claims Processor Insurance 34,300 NZD
Claims Representative Insurance 39,800 NZD
Claims Resolution Specialist Insurance 105,800 NZD
Claims Supervisor Insurance 100,500 NZD
Complaints Specialist Insurance 92,300 NZD
Compliance Examiner Insurance 93,600 NZD
Compliance Officer Insurance 77,000 NZD
Compliance Reviewer Insurance 87,400 NZD
Consultant Insurance 100,500 NZD
Eligibility Interviewer Insurance 105,800 NZD
Eligibility Specialist Insurance 94,300 NZD
Insurance Account Manager Insurance 121,800 NZD
Insurance Accounts Executive Insurance 105,800 NZD
Insurance Agent Insurance 58,500 NZD
Insurance Analyst Insurance 99,900 NZD
Insurance Appraiser Insurance 103,600 NZD
Insurance Claims Clerk Insurance 35,000 NZD
Insurance Examiner Insurance 86,400 NZD
Insurance Investigator Insurance 93,200 NZD
Insurance Manager Insurance 163,500 NZD
Insurance Operations Manager Insurance 171,300 NZD
Insurance Policy Processing Clerk Insurance 33,000 NZD
Insurance Pricing Assistant Insurance 72,700 NZD
Insurance Program Manager Insurance 123,000 NZD
Insurance Project Manager Insurance 128,200 NZD
Insurance Quality Assurance Agent Insurance 86,800 NZD
Insurance Sales Agent Insurance 60,400 NZD
Insurance Sales Director Insurance 153,800 NZD
Insurance Sales Manager Insurance 123,800 NZD
Insurance Sales Representative Insurance 47,400 NZD
Insurance Team Leader Insurance 107,300 NZD
Insurance Underwriter Insurance 69,400 NZD
Loss Control Specialist Insurance 95,900 NZD
Loss Prevention Investigator Insurance 99,700 NZD
Loss Prevention Manager Insurance 134,100 NZD
Loss Prevention Specialist Insurance 105,200 NZD
Marine Underwriter Insurance 74,100 NZD
Medical Auditor Insurance 96,400 NZD
Monitoring and Performance Officer Insurance 71,100 NZD
Payment Services Specialist Insurance 96,000 NZD
Policy Change Director Insurance 151,800 NZD
Policy Change Supervisor Insurance 101,100 NZD
Policy Change Technician Insurance 45,800 NZD
Risk Analyst Insurance 108,200 NZD
Risk Management Director Insurance 184,700 NZD
Risk Management Supervisor Insurance 123,800 NZD
Risk Manager Insurance 175,100 NZD
Risk Modeling Manager Insurance 185,900 NZD
Title Insurance Typist Insurance 82,200 NZD
Training Manager Insurance 105,200 NZD

Salary Comparison by City

If you want to compare salaries with different cities in New Zealand, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Auckland 97,900 NZD
Christchurch 98,000 NZD
Hamilton 83,700 NZD
Rotorua 81,000 NZD
Wellington 86,800 NZD

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