Insurance Underwriter Salary with Commercial skills

Insurance Underwriters with Commercial skills are often veterans in their line of work, with a little more than half bringing more than 10 years of experience to the table. Salaries slide in at $59K annually on average but can range from $38K to $97K per year. Incomes of Insurance Underwriters with Commercial skills vary widely depending on performance components; bonuses and profit sharing that can occasionally exceed $10K cause paychecks to spread between $38K on the low end and $97K on the high end. Experience level is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to nearly all, and most earn dental coverage. Most Insurance Underwriters with Commercial skills report high levels of job satisfaction. Insurance Underwriters with Commercial skills survey participants are largely women, dominating at 64 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$38,633 - $92,527
(Median)
$39K
$59K
$93K
MEDIAN: $59,401
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$33K$66K$99K
Salary
$38,633 - $92,527  
   
Bonus
$290.87 - $10,429  
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).
)
$38,060 - $96,573  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 138
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$17$34$51
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$50K$100K$150K
Bonus
$290.87 - $10,429  
   
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).
)
$38,060 - $96,573  
Country: United States | Currency: USD | Updated: 1 Apr 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.


Experience seems to be a major factor in determining the incomes of Insurance Underwriters with Commercial skills. Those in the early stages of their career can expect to make around $50K; however, individuals with five to 10 years of experience bring in $69K on average — a distinctly larger sum. After working for 10 to 20 years, Insurance Underwriters with Commercial skills make a median salary of $70K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $79K on average.

United States (change)

Experience Affects Insurance Underwriter with Commercial skills Salaries

Late-Career
up arrow 32%

Experienced
up arrow 17%

Mid-Career
up arrow 15%

National Average
$60,000

Entry-Level
up arrow 17%

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
23%
5-9 years
21%
10-19 years
33%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 82%
vision benefits Vision: 61% employee benefits None: 7%