Earnings for Insurance Underwriters with Commercial skills come in at around $56K per year on average. In the world of Insurance Underwriters with Commercial skills, overall cash allowance can occasionally include more than $15K from bonuses and, in some exceptional cases, $14K from profit sharing, causing incomes to vary widely between $41K and $89K. Residence and years of experience each impact pay for this group, with the former having the largest influence. Job satisfaction for Insurance Underwriters with Commercial skills is high. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$41,443 - $81,889
$41K
$56K
$82K
MEDIAN: $55,800
10%
50%
90%

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$11.15 - $34.16
$11
$19
$34
MEDIAN: $19.33
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$30K$60K$90K
Salary
$41,443 - $81,889  
   
Bonus
$498.67 - $15,136  
Profit Sharing
$150.00 - $13,500  
Commission
$5,000  
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).
)
$41,332 - $89,119  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | 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$15$30$45
Hourly Rate
$11.15 - $34.16  
   
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
$498.67 - $15,136  
   
Commission
$5,000  
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).
)
$41,332 - $89,119  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 11

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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, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Respondents with less than five years' experience take home $52K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $59K. People with 10 to 20 years of experience make an average of about $63K in this role. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $69K.

Key Stats for Insurance Underwriter

Gender

Female
60 %
Male
40 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 47 votes.
033
Less than 1 year
2%
1-4 years
34%
5-9 years
20%
10-19 years
29%
20 years or more
15%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Underwriter Salaries

Late-Career
up arrow 22%

Experienced
up arrow 10%

Mid-Career
up arrow 3%

National Average
$57,000

Entry-Level
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 47 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
2%
1-4 years
34%
5-9 years
20%
10-19 years
29%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 73%
vision benefits
Vision: 65%
dental benefits
None: 10%
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