Underwriter, Personal Lines Salary

An Underwriter, Personal Lines earns an average salary of $48,469 per year.

$34,934 - $65,339
(Median)
$35K
$48K
$65K
MEDIAN: $48,469
10%
50%
90%

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$14.54 - $22.58
(Median)
$15
$19
$23
MEDIAN: $18.00
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
$34,934 - $65,339  
   
Bonus
$197.97 - $6,411  
Profit Sharing
$309.13 - $4,818  
Commission
$4,000  
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).
)
$34,519 - $66,408  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 197
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$16$32$48
Hourly Rate
$14.54 - $22.58  
   
Overtime
$1.57 - $47.68  
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$32K$64K$96K
Bonus
$197.97 - $6,411  
   
Commission
$4,000  
Profit Sharing
$309.13 - $4,818  
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).
)
$34,519 - $66,408  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 27
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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

  • 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.
  • Underwrite, submit, approve or pend loans, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.

Common Career Paths for Underwriter, Personal Lines


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Pay by Experience Level for Underwriter, Personal Lines

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

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Experience Affects Underwriter, Personal Lines Salaries

Late-Career
up arrow 17%

Experienced
up arrow 6%

National Average
$48,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 43 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
2%
1-4 years
33%
5-9 years
21%
10-19 years
29%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 78%
medical benefits
Vision: 60%
dental benefits
None: 7%
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