Insurance Underwriter Salary

An Insurance Underwriter earns an average salary of $52,984 per year. Experience has a moderate effect on pay for this job.
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$38,532 - $82,095
$39K
$53K
$82K
MEDIAN: $52,984
10%
50%
90%

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$12.17 - $26.82
$12
$18
$27
MEDIAN: $18.28
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$29K$58K$87K
Salary
$38,532 - $82,095  
   
Bonus
$414.59 - $12,009  
Profit Sharing
$0.00 - $8,027  
Commission
$154.56 - $15,050  
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).
)
$36,051 - $84,358  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 729
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$12.17 - $26.82  
   
Overtime
$1.16 - $34.88  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$414.59 - $12,009  
   
Commission
$154.56 - $15,050  
Profit Sharing
$0.00 - $8,027  
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).
)
$36,051 - $84,358  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 105

Find Out Exactly What You Should Be Paid

United States (change)

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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.

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Insurance Underwriter Tasks

  • Underwrite, submit, approve or pend loans, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • 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.

Common Career Paths for Insurance Underwriter


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Insurance Underwriter Job Listings

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Popular Employer Salaries for Insurance Underwriter

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

National Average: $52,781

Larger city markers indicate a job is popular in that location.

Insurance Underwriter Reviews

Q: What is it like working as an Insurance Underwriter?

Insurance Underwriter in Pottstown:
"Commercial Lines Underwriter."
Pros: Good use of analytical skills. Many opportunities to solve unique problems. Great pay with the right company. Easy to find work with experience.
Cons: Sometimes we are required to wear too many hats. Underwriters are now expected to perform marketing tasks, answer accounting questions, help with premium audits or risk control surveys. The companies basically want you to earn your salary so the responsibilities pile up.

Related Job Salaries

Key Stats for Insurance Underwriter

Gender

Female
60 %
Male
40 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 122 votes.
Less than 1 year
7%
1-4 years
36%
5-9 years
19%
10-19 years
24%
20 years or more
14%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Underwriter Salaries

▲35%

▲14%

▲3%

National Average
$53,000

▼9%

Skills That Affect Insurance Underwriter Salaries


▲8%

Customer Relationship Management (CRM)
▲7%


Insurance
▼0%

National Average
$53,000

Customer Service
▼7%

Underwriting
▼7%

Data Analysis
▼11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 122 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
7%
1-4 years
36%
5-9 years
19%
10-19 years
24%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 71%
vision benefits
Vision: 62%
dental benefits
None: 14%
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