For Insurance Underwriters with Commercial skills, annual average wages total $57K per year. In the world of Insurance Underwriters with Commercial skills, total cash compensation can vary between $41K and $90K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $15K and $14K, respectively. Location and tenure each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. The majority of workers are highly satisfied with their job. Women Insurance Underwriters with Commercial skills who took the survey just slightly outnumber men. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$41,419 - $82,988
(Median)
$41K
$57K
$83K
MEDIAN: $56,547
10%
50%
90%

Add this chart to your site: 640px    300px

$15.00 - $24.70
(Median)
$
$19
$
MEDIAN: $18.00
50%

Add this chart to your site: 640px    300px

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$30K$60K$90K
Salary
$41,419 - $82,988  
   
Bonus
$492.44 - $15,160  
Profit Sharing
$150.00 - $13,500  
Commission
$3,561  
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).
)
$41,125 - $89,858  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 200
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
$18.78  
   
Overtime
$16.00  
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
$492.44 - $15,160  
   
Commission
$3,561  
Profit Sharing
$150.00 - $13,500  
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).
)
$41,125 - $89,858  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 9
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Insurance Underwriter Job Listings

Search for more jobs:

Pay by Experience Level for Insurance Underwriter

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Insurance Underwriters with Commercial skills, more experience in the field does not usually mean bigger paychecks. The average worker who claims fewer than five years of experience earns around $52K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $59K. For Insurance Underwriters with Commercial skills, 10 to 20 years of experience on the job amounts to an average salary of $63K. As Insurance Underwriters with Commercial skills reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $71K.

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Experience Affects Insurance Underwriter Salaries

Late-Career
up arrow 23%

Experienced
up arrow 10%

Mid-Career
up arrow 2%

National Average
$58,000

Entry-Level
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 39 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
2%
1-4 years
32%
5-9 years
22%
10-19 years
29%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 75%
medical benefits
Vision: 67%
dental benefits
None: 7%
ADVERTISEMENT