An Insurance Underwriter earns an average salary of $49,468 per year. A skill in Commercial is associated with high pay for this job.
Insurance Underwriter Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$34,612 - $76,010
(Median)
35K
49K
62K
76K
MEDIAN: $49,467
10%
50%
75%
90%
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Insurance Underwriter Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$10.50 - $28.56
(Median)
10
13
16
22
29
MEDIAN: $16.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$27K$54K$81K
Salary
$34,612 - $76,010  
   
Bonus
$0.00 - $8,243  
Profit Sharing
$460.16 - $6,156  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,989 - $78,282  
PayScale
Country: United States | Currency: USD | Updated: 16 Apr 2014 | Individuals Reporting: 926
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$10.50 - $28.56  
   
Overtime
$0.00 - $38.12  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $8,243  
   
Profit Sharing
$460.16 - $6,156  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,989 - $78,282  
PayScale
Country: United States | Currency: USD | Updated: 16 Apr 2014 | Individuals Reporting: 926
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Insurance Underwriter Job Listings

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Popular Employer Salaries for Insurance Underwriter
Job Description for Insurance Underwriter
An insurance underwriter helps assess risks, analyze payment and premiums related to those risks, and determine if a business or entity should be insured. Insurance underwriters typically work in an insurance company and must have strong accounting and statistical analysis skills.
Read More...
Insurance Underwriter Tasks
  • Manage underwriting territory and select new business based on analysis of their profitability.
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend loans, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
Read more about: Insurance Underwriters
Popular Skills for Insurance Underwriter
Pay by Experience Level for Insurance Underwriter
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
Boston
up arrow 35%
San Francisco
up arrow 31%
Philadelphia
up arrow 26%
Chicago
up arrow 23%
Los Angeles
up arrow 21%
Houston
up arrow 20%
New York
up arrow 19%
St. Louis
up arrow 16%
Atlanta
up arrow 9%
Phoenix
up arrow 7%
Minneapolis
up arrow 3%
Dallas
up arrow 2%
National Average
$50,000
Kansas City
up arrow 8%
Richmond
up arrow 17%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Insurance Underwriter Salaries

National Average
$50,000

Skills That Affect Insurance Underwriter Salaries

Customer Relationship Management (CRM)
up arrow 7%
Financial Analysis
up arrow 1%
Insurance
0%
National Average
$50,000
Risk Management / Risk Control
up arrow 1%
Customer Service
up arrow 14%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 206 votes.
Gender
Female
61%
female alumni
 
Male
39%
male alumni
Years of Experience
Less than 1 year
10%
1-4 years
32%
5-9 years
28%
10-19 years
17%
20 years or more
12%
Common Health Benefits
medical benefits Medical: 91% dental benefits Dental: 78%
vision benefits Vision: 60% employee benefits None: 8%
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