The American Society of Certified Auto Appraisers is a professional organization for individuals involved in the work of evaluating the value of a vehicle for insurance company settlements following an accident, theft or damage. In addition to offering job postings and educational services for members, the ASCAA sponsors a certification program for the auto insurance appraising industry.
To qualify for certification in auto appraising from the American Society of Certified Auto Appraisers, candidates must complete a series of four training courses. The first course deals with aspects of the Uniform Standards of Professional Appraisal Practice, a national policy that outlines ethical and legal considerations of performing appraisals. In the second course, appraisers study parts of a vehicle and how to perform inspection. The third course covers classic cars, depreciation and methodology for appraisers. For the final class, appraisers learn how to determine market value and to document the results of their appraisals.
The training courses for the American Society of Certified Auto Appraisers are offered in an online format. Courses consist of learning modules that include reading assignments and activities. Students work at their own pace and may take as long as they need for each class. The ASCAA reports that the minimum length of time to complete the training is two weeks. Appraisers pay for each class individually and receive a discount on the price of the courses if they join the ASCAA. As of February 2011, the cost of each course for was $59 for members.
At the conclusion of the four training courses, appraisers must pass an examination to gain certification through the American Society of Certified Auto Appraisers. Like the classes, the exam is given online, allowing appraisers to take the test from their home or office. The test consists of multiple-choice questions related to the materials covered in the training courses. Upon passing the test, appraisers receive proof of their certification via U.S. mail. As of February 2011, the cost to take the examination was $59 for ASCAA members.
Depending on their job duties or their employers' requirements, auto insurance appraisers may need additional certifications. Appraisers who also work as claims adjusters usually need state certification or licensing. Each state establishes its own requirements for claims adjusting credentials, but completion of training and passing an exam are common features. Some insurance companies require appraisers to pass an in-house training course, which culminates in an examination and certification to perform appraisals for that particular company.
2016 Salary Information for Claims Adjusters, Appraisers, Examiners, and Investigators
Claims adjusters, appraisers, examiners, and investigators earned a median annual salary of $63,670 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, claims adjusters, appraisers, examiners, and investigators earned a 25th percentile salary of $48,250, meaning 75 percent earned more than this amount. The 75th percentile salary is $78,950, meaning 25 percent earn more. In 2016, 328,700 people were employed in the U.S. as claims adjusters, appraisers, examiners, and investigators.
- American Society of Certified Auto Appraisers: Certification
- American Society of Certified Auto Appraisers: About Us
- American Society of Certified Auto Appraisers: FAQs
- American Society of Certified Auto Appraisers: Content
- U.S. Bureau of Labor Statistics: Claims Adjusters and Appraisers
- U.S. Bureau of Labor Statistics: Occupational Outlook Handbook: Claims Adjusters, Appraisers, Examiners, and Investigators
- Career Trend: Claims Adjusters, Appraisers, Examiners, and Investigators