How much does an Insurance Fraud Investigator in United States make? The highest salary for an Insurance Fraud Investigator in United States is $71,645 per year. The lowest salary for an Insurance Fraud Investigator in United States is $34,564 per year.

What’s the difference between a private investigator and a detective?

However, they have different roles in enforcing the law. Detectives have the legal jurisdiction to arrest criminals or suspects, but investigators do not. Similarly, investigators may investigate personal matters, whereas detectives only investigate criminal matters.

What insurance investigators do?

Insurance investigators handle claims in which the company suspects fraudulent or criminal activity such as arson, staged accidents, or unnecessary medical treatments. The severity of insurance fraud cases varies, from overstated claims of damage to vehicles to complicated fraud rings.

What’s the average salary for a fraud investigator?

What is the Pay by Experience Level for Fraud Investigators? An entry-level Fraud Investigator with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £20,407 based on 11 salaries.

How to become a certified insurance fraud investigator?

Insurance investigators can earn the Certified Insurance Fraud Investigator (CIFI) certification through the International Association of Special Investigation Units. To qualify, you must have a bachelor’s degree and a minimum of three years of experience in insurance fraud.

What does it mean to be an insurance investigator?

An insurance investigator is an individual who inspects and researches an insurance claim to ensure no fraud is occurring. They gather information from the insurance adjuster, law enforcement, claimant and witnesses in order to develop a better understanding of the case and decide whether the claim is valid.