Underwriter, Personal Lines Salary

An Underwriter, Personal Lines earns an average salary of $49,708 per year.

$37,088 - $64,969
$37K
$49K
$65K
MEDIAN: $48,994
10%
50%
90%

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$12.44 - $24.09
$12
$17
$24
MEDIAN: $17.46
10%
50%
90%

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$0$65K
Salary $37,088 - $64,969
Bonus $204.67 - $5,083
Profit Sharing $511 - $5,383
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).
)
$35,581 - $65,823
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 128
Hourly Data $0$31
Hourly Rate $12.44 - $24.09
Overtime $31.75
Annual Data $0$65K
Bonus $204.67 - $5,083
Profit Sharing $511 - $5,383
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).
)
$35,581 - $65,823
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 23

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Underwriter, Personal Lines

Underwriters for personal lines typically assess individual customers of insurance agencies to decide whether or not they are eligible to receive the agency's services. They make these determinations based on each individual's risks, including with a review of paperwork such as tax returns, financial statements, credit bureau information, and other relevant documentation. They also need to evaluate potential clients' needs associated with the requested insurance. Underwriters for personal lines must answer all customer questions and respond to their inquiries in a timely, helpful manner. They also need to effectively provide information about their company's products, ensure that clients' files remain accurate and up to date, and be able to explain to others within their organization why they made particular credit-related decisions.

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Underwriter, Personal Lines Tasks

  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.

Common Career Paths for Underwriter, Personal Lines


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Underwriter, Personal Lines Job Listings

Pay by Experience Level for Underwriter, Personal Lines

Pay by Experience for an Underwriter, Personal Lines has a positive trend. An entry-level Underwriter, Personal Lines with less than 5 years of experience can expect to earn an average total compensation of $47,000 based on 58 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Underwriter, Personal Lines with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $47,000 based on 35 salaries. An experienced Underwriter, Personal Lines which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $51,000 based on 40 salaries. An Underwriter, Personal Lines with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 21 salaries.

Related Job Salaries

Key Stats for Underwriter, Personal Lines

Gender

Female
73 %
Male
27 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.
Less than 1 year
7%
1-4 years
36%
5-9 years
19%
10-19 years
23%
20 years or more
15%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriter, Personal Lines Salaries

Late-Career
▲31%

Experienced
▲6%

National Average
$48,000

Entry-Level
▼2%

Mid-Career
▼3%

Skills That Affect Underwriter, Personal Lines Salaries

Oral / Verbal Communication
▲12%

Insurance
▲1%

National Average
$48,000

Customer Service
▼14%

Risk Management / Risk Control
▼25%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
7%
1-4 years
36%
5-9 years
19%
10-19 years
23%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 75%
vision benefits
Vision: 65%
no benefits
None: 14%
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