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Insurance Rate Analyst Jobs (NOW HIRING)

Alfa Insurance Corporate

Rate Analyst

Montgomery, AL · On-site

Health insurance * Paid time off * Savings bank Company Overview Alfa Insurance ® is an A-rated ... Working as a Rate Analyst will involve preparing insightful reports, organizing data from Ratabase ...

U-Haul

Rate Analyst

Phoenix, AZ · On-site

As a member of the Rates and Distribution team, a Rates and Distribution Analyst is responsible for ... Medical insurance * Prescription drug plans * Dental & Vision plan with hearing care discounts

U-Haul

Rate Analyst

Phoenix, AZ

As a member of the Rates and Distribution team, a Rates and Distribution Analyst is responsible for ... Medical insurance * Prescription drug plans * Dental & Vision plan with hearing care discounts

Department of Insurance

Bureau Chief

Sacramento, CA · On-site

$9.0K - $11K/mo

Under direction of the Rate Regulation Branch Division Chief, the Supervising Insurance Rate Analyst plans, assigns, and directs staff in the review and evaluation of data upon which insurance rates ...

Xcel Energy

Principal Rate Analyst

Minneapolis, MN · On-site

$100K - $130K/yr

Preferred Requirements: - Previous utility rate analyst experience. As a leading combination ... Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care ...

AutoNation

... Analyst The People Analytics & Automation Analyst plays a critical role supporting the HR function ... Enjoy a healthy work-life balance with insurance plans (health, dental, vision) and maternity ...

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Insurance Rate Analyst information

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How much do insurance rate analyst jobs pay per hour?

As of Jun 24, 2026, the average hourly pay for insurance rate analyst in the United States is $23.80, according to ZipRecruiter salary data. Most workers in this role earn between $19.23 and $26.20 per hour, depending on experience, location, and employer.

What does an Insurance Rate Analyst do?

An Insurance Rate Analyst is responsible for evaluating and setting insurance premium rates based on risk assessment and statistical data. They analyze historical data, market trends, and regulatory requirements to ensure that rates are competitive and financially sound for the insurance company. Their work helps maintain the balance between profitability for the insurer and affordability for the policyholders. Insurance Rate Analysts often collaborate with actuaries, underwriters, and regulatory bodies to ensure compliance and accuracy in rate filings.

What jobs pay 2000 a day?

Insurance Rate Analysts typically do not earn $2,000 a day; such high daily earnings are more common in specialized roles like senior executives, certain consulting positions, or highly profitable sales roles. These jobs often require extensive experience, advanced skills, or certifications, and may involve commission or performance-based pay structures. Most standard insurance analyst roles have lower daily rates, but top-tier professionals in related fields can reach or exceed this level with bonuses or profit sharing.

How does an Insurance Rate Analyst typically collaborate with underwriters and actuaries in daily operations?

Insurance Rate Analysts work closely with underwriters and actuaries to ensure that insurance premiums are calculated accurately and fairly. On a daily basis, they review data, analyze risk factors, and provide analytical support to help underwriters assess policy applications. They often participate in team meetings to discuss rate adjustments and share insights based on market trends or regulatory changes. This collaborative environment allows for continuous learning and ensures that pricing strategies are both competitive and compliant.

What is the difference between Insurance Rate Analyst vs Insurance Underwriter?

AspectInsurance Rate AnalystInsurance Underwriter
CredentialsBachelor's degree in finance, economics, or related field; certifications like CPCU or ARMBachelor's degree; industry certifications like CPCU are common but not mandatory
Work EnvironmentAnalyzing data, developing rates, working in offices or remotelyAssessing risks, reviewing applications, collaborating with agents
Employer & Industry UsageInsurance companies, actuarial firms, brokersInsurance companies, underwriting agencies

Insurance Rate Analysts focus on analyzing data to develop and recommend insurance rates, while Insurance Underwriters evaluate individual applications to determine coverage eligibility and risk. Both roles require analytical skills and industry knowledge, but Rate Analysts primarily work with data and rate calculations, whereas Underwriters assess specific risks for policy approval.

What does a rate analyst do?

An insurance rate analyst evaluates data to determine appropriate insurance premium rates. They analyze historical claims, assess risk factors, and use statistical tools to develop pricing models, ensuring rates are competitive and compliant with regulations. Strong analytical skills and knowledge of insurance policies are essential for this role.

What is the highest paid job in insurance?

In insurance, executive roles such as Chief Actuary, Chief Underwriting Officer, or Chief Risk Officer tend to be the highest paid, often earning six-figure salaries plus bonuses. These positions require extensive experience, advanced certifications, and leadership skills within large insurance companies.

What does an insurance analyst do?

An insurance analyst evaluates insurance policies, assesses risk factors, and determines appropriate premium rates. They analyze data using statistical tools and may prepare reports to support underwriting decisions, often working with databases and industry regulations.

What are the key skills and qualifications needed to thrive as an Insurance Rate Analyst, and why are they important?

To thrive as an Insurance Rate Analyst, you need strong analytical skills, a solid understanding of statistics and actuarial science, and typically a bachelor's degree in mathematics, finance, or a related field. Familiarity with statistical modeling tools, spreadsheet software, and insurance rating systems is important, and professional certifications such as the Associate of the Society of Actuaries (ASA) can be beneficial. Attention to detail, critical thinking, and effective communication skills set top performers apart in this role. These skills ensure accurate risk assessments, compliance with regulations, and clear reporting to support sound insurance pricing strategies.
More about Insurance Rate Analyst jobs
What job categories do people searching Insurance Rate Analyst jobs look for? The top searched job categories for Insurance Rate Analyst jobs are:
Insurance Rate Analyst jobs near you
Infographic showing various Insurance Rate Analyst job openings in the United States as of June 2026, with employment types broken down into 13% Full Time, 84% Part Time, 1% Temporary, 1% Contract, and 1% Nights. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $49,501 per year, or $23.8 per hour.
Rate Analyst

Rate Analyst

Alfa Insurance Corporate

Montgomery, AL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 25 days ago

Alfa Insurance rating

6.1

Company rating: 6.1 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

241st of 261 rated insurance

Job description

Benefits:
  • Onsite Cafeteria
  • Dental insurance
  • Health insurance
  • Paid time off
  • Savings bank

Company Overview
Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of auto, home, life, farm and business insurance products. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states.
Working as a Rate Analyst will involve preparing insightful reports, organizing data from Ratabase RIA outputs, and maintaining algorithms for accurate pricing and product revisions. We're looking for someone who is not only highly organized and proactive but also thrives on taking initiative and working independently.
If you're excited about using your expertise to drive strategic decisions and be a key player in a collaborative and innovative environment, we want to meet you. Join us and make a meaningful impact on our company's growth and success! As part of the Alfa family, you can discover your purpose and help make a difference in the lives of our policyholders and your community.
Job Summary
Are you a detail-oriented professional with a passion for problem-solving? We're looking for a motivated and organized Rate Analyst to join our team and help shape the future of our product offerings. In this role, you'll be at the heart of determining and developing rates for both our current and new products, ensuring our pricing structures are both competitive and profitable.
You'll have the opportunity to dive into analyzing loss experiences, conduct studies, and assess the profitability, competitiveness, and adequacy of our loss reserves. From preparing and managing rate filings across various states to handling electronic submissions and maintaining clear communication with regulatory bodies, your work will be pivotal in our rate determination process.
Responsibilities
  • Support the determination of rates and rate structures for existing products and development of rates for new products.
  • Assist in monitoring the loss experience and conducting studies to analyze profitability, competitiveness, and adequacy of loss reserves.
  • Prepare exhibits, rates, and relativities for rate filings in all companies in all states.
  • File rates electronically, monitor SERRF communications and handle correspondence until filings are approved.
  • Prepare reports from Ratabase RIA output and organize analysis.
  • Write and maintain roadmaps algorithms and enter rates for pricing or product revisions.
  • Perform testing as needed to ensure rate accuracy.

Qualifications
  • B.A. or B.S. degree with focus on mathematics, statistics, business, and/or insurance required.
  • Broad insurance experience with an emphasis on actuarial and/or pricing knowledge preferred.
  • Broad knowledge of the company and its activities, policies, and underwriting rules preferred.
  • Willingness to learn to use rating engine (Ratabase) required.
  • Strong spreadsheet and/or database skills desired.
  • Excellent organizational skills.
  • Good interpersonal, written, and oral communication skills.
  • Be self-motivated and able to work well with minimum supervision.

Benefits/Perks
  • Opportunity for annual performance bonus
  • Discounts on your auto insurance (underwriting approval required)
  • Benefits include: Health, dental, supplemental cancer, vision insurance and 401(k) plan
  • Paid time off bank to include 3 days PTO after 80 hours worked
  • Short-term and long-term disability
  • Flexible Healthcare and Childcare spending accounts for tax savings
  • Opportunities for advancement
  • Continuous training and support throughout your career with Alfa
  • College tuition discounts at various colleges in Alabama
  • Fitness center
  • Onsite cafeteria

Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of auto, home, life, farm and business insurance products. Alfa® is known for its superior customer service and boasts 94% claims satisfaction. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states.
Working for Alfa Insurance® is more than just servicing customers and selling insurance. It's becoming part of a well-respected company that is based on our core 4 values of faith, family, community and integrity.

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