Underwriter, Personal Lines Salary

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

$37,170 - $65,460
$37K
$49K
$65K
MEDIAN: $49,434
10%
50%
90%

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$12.88 - $24.72
$13
$18
$25
MEDIAN: $17.63
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$23K$46K$69K
Salary
$37,170 - $65,460  
   
Bonus
$204.26 - $5,195  
Profit Sharing
$750 - $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).
)
$35,483 - $66,385  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 119
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$13$26$39
Hourly Rate
$12.88 - $24.72  
   
Overtime
$32.25  
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$26K$52K$78K
Bonus
$204.26 - $5,195  
   
Profit Sharing
$750 - $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).
)
$35,483 - $66,385  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 24

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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

  • Underwrite, submit, approve or pend loans, 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.
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.

Common Career Paths for Underwriter, Personal Lines


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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
71 %
Male
29 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.
Less than 1 year
6%
1-4 years
37%
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
▲29%

Experienced
▲4%

National Average
$49,000

Entry-Level
▼3%

Mid-Career
▼4%

Skills That Affect Underwriter, Personal Lines Salaries

Oral / Verbal Communication
▲10%

Insurance
▼0%

National Average
$49,000

Customer Service
▼15%

Risk Management / Risk Control
▼26%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
6%
1-4 years
37%
5-9 years
19%
10-19 years
23%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 72%
vision benefits
Vision: 59%
no benefits
None: 16%
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