Insurance Underwriter with Commercial Skills Salary

Insurance Underwriters with Commercial skills can expect to earn an average of $56K per year. Total incomes of Insurance Underwriters with Commercial skills incorporate potential for, in a few cases, more than $15K from bonuses and close to $6K from profit sharing; these performance components cause packages to range between $42K and $87K. This group's pay is mainly influenced by geographic location, followed by tenure and the individual firm. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Women make up a slight majority of Insurance Underwriters with Commercial skills (59 percent) survey respondents. Work is enjoyable for Insurance Underwriters with Commercial skills, who typically claim high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$41,905 - $80,362
$42K
$56K
$80K
MEDIAN: $55,867
10%
50%
90%

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$11.15 - $34.16
$11
$19
$34
MEDIAN: $19.29
10%
50%
90%

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$0$87K
Salary $41,905 - $80,362
Bonus $507 - $14,795
Profit Sharing $-0.50 - $6,061
Commission $6,000
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).
)
$41,734 - $87,105
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 207
Hourly Data $0$39
Hourly Rate $11.15 - $34.16
Overtime $25.50
Annual Data $0$87K
Bonus $507 - $14,795
Commission $6,000
Profit Sharing $-0.50 - $6,061
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).
)
$41,734 - $87,105
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 11

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Pay by Experience Level for Insurance Underwriter

Pay by Experience for an Insurance Underwriter has a positive trend. An entry-level Insurance Underwriter with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 86 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Underwriter with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $59,000 based on 61 salaries. An experienced Insurance Underwriter which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $64,000 based on 73 salaries. An Insurance Underwriter with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 32 salaries.

Key Stats for Insurance Underwriter

Gender

Female
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.
Less than 1 year
3%
1-4 years
32%
5-9 years
25%
10-19 years
26%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Underwriter Salaries

Late-Career
▲24%

Experienced
▲12%

Mid-Career
▲4%

National Average
$57,000

Entry-Level
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
3%
1-4 years
32%
5-9 years
25%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 72%
vision benefits
Vision: 66%
no benefits
None: 12%
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