Insurance Underwriter Salary with Commercial skills

Insurance Underwriters with Commercial skills with more than 10 years of experience in their profession represent slightly more than half of Insurance Underwriters with Commercial skills. Salaries average out to around $60K annually and spread from $39K to $98K per year. Cash earnings for Insurance Underwriters with Commercial skills — which occasionally include more than $12K from bonuses and more than $18K from profit sharing — stretch from around $39K to approximately $98K. Career duration is the biggest factor affecting pay for this group, followed by geography. Work is reasonably fulfilling for most Insurance Underwriters with Commercial skills — the majority report average levels of job satisfaction. Female Insurance Underwriters with Commercial skills survey participants are more prevalent than men — 62 percent of professionals. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to the greater part. The numbers in this rundown were provided by PayScale's salary survey participants.

$40,075 - $95,626

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$11.59 - $26.50

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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$33K$66K$99K
Salary
$40,075 - $95,626  
   
Bonus
$0.00 - $11,700  
Profit Sharing
$705 - $18,246  
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).
)
$38,871 - $98,004  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 163
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$17$34$51
Hourly Rate
$11.59 - $26.50  
   
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$50K$100K$150K
Bonus
$0.00 - $11,700  
   
Profit Sharing
$705 - $18,246  
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).
)
$38,871 - $98,004  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 14
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Pay by Experience Level for Insurance Underwriter with Commercial skills

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


Experience does not seem to be a strong driver of pay increase in this role. Although individuals who have less than five years' experience earn $51K on average, people with five to 10 years benefit from a notably larger average of $68K. For Insurance Underwriters with Commercial skills, 10 to 20 years of experience on the job amounts to an average salary of $69K. In the end, more experience does seem to mean larger paychecks; seasoned Insurance Underwriters with Commercial skills with more than 20 years of experience earn a predictably higher median salary of $76K.

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Experience Affects Insurance Underwriter with Commercial skills Salaries

Late-Career
up arrow 26%

Experienced
up arrow 14%

Mid-Career
up arrow 12%

National Average
$61,000

Entry-Level
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
19%
10-19 years
32%
20 years or more
23%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 82%
vision benefits Vision: 63% employee benefits None: 7%
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