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Insurance Underwriter Salary with Commercial skills

Insurance Underwriters with Commercial skills who are practiced in their profession and carry more than 10 years of experience make up a little over a half of Insurance Underwriters with Commercial skills. Pay fluctuates from $38K to $96K per year, but expected earnings average $60K per year. The range in cash compensation to Insurance Underwriters with Commercial skills ($38K to $96K) includes potential earnings of $10K each from bonuses and profit sharing in exceptional cases. Career duration and the particular city each impact pay for this group, with the former having the largest influence. There are more female Insurance Underwriters with Commercial skills who answered the questionnaire than male, making up 64 percent. For the most part, Insurance Underwriters with Commercial skills enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. This report is based on answers to PayScale's salary questionnaire.

$39,004 - $91,527
(Median)
$39K
$60K
$92K
MEDIAN: $59,501
10%
50%
90%

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$10.72 - $24.49
(Median)
$11
$17
$24
MEDIAN: $16.00
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
$39,004 - $91,527  
   
Bonus
$246.58 - $10,375  
Profit Sharing
$685 - $10,213  
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).
)
$38,482 - $95,582  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 146
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
$10.72 - $24.49  
   
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
$246.58 - $10,375  
   
Profit Sharing
$685 - $10,213  
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).
)
$38,482 - $95,582  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 12

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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.


Workers in their first five years can expect to earn $50K, but people who have been around for five to 10 years earn a noticeably bigger sum of $69K. The average pay reported by folks with 10 to 20 years of experience is around $69K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $78K.

United States (change)

Experience Affects Insurance Underwriter with Commercial skills Salaries

Late-Career
up arrow 30%

Experienced
up arrow 15%

Mid-Career
up arrow 15%

National Average
$60,000

Entry-Level
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 29 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
20%
10-19 years
32%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 82%
vision benefits Vision: 62% employee benefits None: 7%
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