Insurance Underwriter Salary (United States)

An Insurance Underwriter earns an average salary of $50,621 per year. The highest paying skills associated with this job are Commercial and Customer Relationship Management (CRM).
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.
)
$34,723 - $79,779
(Median)
35K
51K
64K
80K
MEDIAN: $50,621
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.
)
$10.80 - $28.96
(Median)
11
16
21
29
MEDIAN: $16.00
10%
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$28K$56K$84K
Salary
$34,723 - $79,779  
   
Bonus
$0.00 - $8,232  
Profit Sharing
$493.16 - $7,951  
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).
)
$33,975 - $82,981  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 905
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
$10.80 - $28.96  
   
Overtime
$0.00 - $38.44  
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 - $8,232  
   
Profit Sharing
$493.16 - $7,951  
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).
)
$33,975 - $82,981  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 905
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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.
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.

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

Boston
up arrow 57%
Houston
up arrow 47%
San Diego
up arrow 35%
San Francisco
up arrow 31%
Denver
up arrow 30%
Charlotte
up arrow 26%
Philadelphia
up arrow 24%
Tampa
up arrow 22%
Chicago
up arrow 20%
New York
up arrow 19%
Los Angeles
up arrow 15%
Atlanta
up arrow 10%
Phoenix
up arrow 5%
Dallas
up arrow 1%
National Average
$51,000
Richmond
up arrow 19%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Experience Affects Insurance Underwriter Salaries

National Average
$51,000

Skills That Affect Insurance Underwriter Salaries

Customer Relationship Management (CRM)
up arrow 11%
Financial Analysis
up arrow 4%
Insurance
up arrow 3%
Risk Management / Risk Control
up arrow 3%
National Average
$51,000

Job Satisfaction

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Highly satisfied
Rated 4 out of 5 based on 209 votes.

Gender

Female
62%
female alumni
 
Male
38%
male alumni

Years of Experience

Less than 1 year
10%
1-4 years
31%
5-9 years
27%
10-19 years
18%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 78%
vision benefits Vision: 60% employee benefits None: 8%
Find Out Exactly What You Should Be Paid
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