Insurance Underwriter Salary (United States)

An Insurance Underwriter earns an average salary of $50,077 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.
)
$34,618 - $79,195
(Median)
35K
50K
63K
79K
MEDIAN: $50,076
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.
)
$10.94 - $28.82
(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
$34,618 - $79,195  
   
Bonus
$0.00 - $9,019  
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).
)
$33,954 - $81,794  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 916
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
$10.94 - $28.82  
   
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 - $9,019  
   
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).
)
$33,954 - $81,794  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 916
Is Insurance Underwriter your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:
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

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 58%
Houston
up arrow 34%
San Francisco
up arrow 32%
Charlotte
up arrow 29%
Philadelphia
up arrow 25%
Denver
up arrow 25%
Chicago
up arrow 22%
New York
up arrow 20%
Los Angeles
up arrow 18%
Tampa
up arrow 16%
Hartford
up arrow 15%
Atlanta
up arrow 11%
Phoenix
up arrow 1%
National Average
$51,000
Dallas
up arrow 1%
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
$51,000

Skills That Affect Insurance Underwriter Salaries

Customer Relationship Management (CRM)
up arrow 12%
Risk Management / Risk Control
up arrow 4%
Insurance
up arrow 3%
Financial Analysis
up arrow 3%
National Average
$51,000
Customer Service
up arrow 15%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 211 votes.
Gender
Female
61%
female alumni
 
Male
39%
male alumni
Years of Experience
Less than 1 year
9%
1-4 years
31%
5-9 years
28%
10-19 years
18%
20 years or more
14%
Common Health Benefits
medical benefits Medical: 91% dental benefits Dental: 78%
vision benefits Vision: 59% employee benefits None: 8%
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Location:
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