Insurance Underwriter with Commercial Skills Salary

The average Insurance Underwriter with Commercial skills can expect to rake in roughly $59K per year. With some bonuses approaching $14K and certain profit sharing proceeds approaching $18K, overall incomes of Insurance Underwriters with Commercial skills spread between $38K and $94K depending on individual performance. Geography and career length each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. More than half of Insurance Underwriters with Commercial skills (63 percent) survey participants are women. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$39,421 - $91,612
(Median)
$39K
$59K
$92K
MEDIAN: $58,571
10%
50%
90%

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$10.89 - $25.34
(Median)
$11
$18
$25
MEDIAN: $18.00
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$32K$64K$96K
Salary
$39,421 - $91,612  
   
Bonus
$103.04 - $14,191  
Profit Sharing
$850 - $18,000  
Commission
$3,500  
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).
)
$38,140 - $94,297  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 215
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$16$32$48
Hourly Rate
$10.89 - $25.34  
   
Overtime
$19.00  
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$32K$64K$96K
Bonus
$103.04 - $14,191  
   
Commission
$3,500  
Profit Sharing
$850 - $18,000  
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).
)
$38,140 - $94,297  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 17
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Pay by Experience Level for Insurance Underwriter

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


Salaries for the relatively untried average out to around $49K, but survey participants with five to 10 years of experience earn a significantly higher median of $65K. After working for 10 to 20 years, Insurance Underwriters with Commercial skills make a median salary of $64K. Insurance Underwriters with Commercial skills who have spent more than 20 years on the job report earning a significantly higher median of $78K.

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Experience Affects Insurance Underwriter Salaries

Late-Career
up arrow 33%

Mid-Career
up arrow 10%

Experienced
up arrow 9%

National Average
$59,000

Entry-Level
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 44 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
21%
10-19 years
29%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 77%
medical benefits
Vision: 63%
dental benefits
None: 9%
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