Insurance Underwriter Salary with Commercial skills

Insurance Underwriters with Commercial skills tend to be well-versed in their field, and more than half have more than 10 years of experience. Average salary is expected to be around $59K annually, but may range from $39K to $95K per year. With some bonuses and profit sharing proceeds approaching $10K each, total incomes of Insurance Underwriters with Commercial skills generally range from $39K to $95K depending on individual performance. Career length is the biggest factor affecting pay for this group, followed by geography. There are more female Insurance Underwriters with Commercial skills who answered the questionnaire than male, making up 63 percent. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Though the majority of Insurance Underwriters with Commercial skills do not report high levels of job satisfaction, most are moderately content with their role. Participants in PayScale's salary questionnaire provided the particulars of this report.

$39,342 - $90,719
(Median)
$39K
$59K
$91K
MEDIAN: $59,278
10%
50%
90%

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$10.82 - $27.15
(Median)
$11
$18
$27
MEDIAN: $18.00
10%
50%
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$32K$64K$96K
Salary
$39,342 - $90,719  
   
Bonus
$251.68 - $10,320  
Profit Sharing
$695 - $10,067  
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).
)
$38,790 - $94,567  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 152
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$16$32$48
Hourly Rate
$10.82 - $27.15  
   
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$32K$64K$96K
Bonus
$251.68 - $10,320  
   
Profit Sharing
$695 - $10,067  
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).
)
$38,790 - $94,567  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 13
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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.


Survey participants with less than five years' experience pocket $51K on average, but those with five to 10 years of experience enjoy a much bigger median of $68K. Insurance Underwriters with Commercial skills who work for 10 to 20 years in their occupation tend to earn about $68K. Insurance Underwriters with Commercial skills who have spent more than 20 years on the job report earning a significantly higher median of $76K.

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Experience Affects Insurance Underwriter with Commercial skills Salaries

Late-Career
up arrow 27%

Mid-Career
up arrow 15%

Experienced
up arrow 13%

National Average
$60,000

Entry-Level
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 31 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
20%
10-19 years
32%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 81%
vision benefits Vision: 61% employee benefits None: 7%
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