Average Insurance Underwriter, Commercial Property Salary

$58,832
Avg. SalaryShow Hourly Rate
$4,019
Bonus
$2,300
Commission
$3,084
Profit Sharing
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The average salary for an Insurance Underwriter, Commercial Property is $58,832.
10%
$44k
MEDIAN
$59k
90%
$95k
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Salary
$44k - $95k
Bonus
$968 - $12k
Profit Sharing
$670 - $10k
Commission
$0 - $2k
Total Pay
$44k - $99k
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What Do Insurance Underwriter, Commercial Properties Do?

Insurance Underwriter, Commercial Property 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.

Job Satisfaction for Insurance Underwriter, Commercial Property

4 out of 5
(96)
Highly Satisfied
5Reviews
The top respondents for the job title Insurance Underwriter, Commercial Property are from the companies Nationwide Mutual Insurance Company, Farmers Insurance Group and The Hartford Financial Services Group, Inc.. Reported salaries are highest at State Farm Insurance Company where the average pay is $65,000. Other companies that offer high salaries for this role include The Hartford Financial Services Group, Inc. and Farmers Insurance Group, earning around $61,463 and $59,240, respectively. Brown & Brown Insurance pays the lowest at around $45,781. Auto-Owners Insurance Company and Nationwide Mutual Insurance Company also pay on the lower end of the scale, paying $50,830 and $51,298, respectively.

Insurance Underwriter, Commercial Property Job Listings

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What Are Popular Skills for Insurance Underwriter, Commercial Properties?

Skills in Insurance, Risk Management / Risk Control and Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Customer Service and Commercial.

What is the Pay by Experience Level for Insurance Underwriter, Commercial Properties?

An entry-level Insurance Underwriter, Commercial Property with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $46,006 based on 26 salaries. An early career Insurance Underwriter, Commercial Property with 1-4 years of experience earns an average total compensation of $54,712 based on 183 salaries. A mid-career Insurance Underwriter, Commercial Property with 5-9 years of experience earns an average total compensation of $63,387 based on 75 salaries. An experienced Insurance Underwriter, Commercial Property with 10-19 years of experience earns an average total compensation of $64,887 based on 115 salaries. In their late career (20 years and higher), employees earn an average total compensation of $71,098.
Employees with Insurance Underwriter, Commercial Property in their job title in New York, New York earn an average of 33.6% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (17.6% more) and Philadelphia, Pennsylvania (13.9% more). The lowest salaries can be found in Des Moines, Iowa (17.9% less), Houston, Texas (2.9% less) and Charlotte, North Carolina (0.6% less).

Years of Experience

This data is based on 481 survey responses.
Entry Level
5.4%
Early Career
38.0%
Mid Career
15.6%
Experienced
23.9%
Late Career
17.0%

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