â–¼15%
$61,236
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$44k
MEDIAN
$61k
90%
$87k
The average salary for an Insurance Underwriter is $61,236
Base Salary
$44k - $87k
Bonus
$1k - $11k
Profit Sharing
$993 - $10k
Commission
$0 - $15k
Total Pay
$41k - $91k
Is Average Insurance Underwriter Salary your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
EXPLORE BY:
Featured Content
‹
Remote Work
New research shows how to set pay for remote employees
Gender Pay Gap
New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education.
Compensation Best Practices Report
From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation.
Why people quit their jobs
Why do people leave their jobs? We take a deep dive into what's impacting employee retention and what employees are looking for in their new role.
How to ask for a raise
New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve.
Variable Pay Playbook
Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices.
›
What is the Pay by Experience Level for Insurance Underwriters?
What Do Insurance Underwriters Do?
Insurance Underwriter 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.
Find your market worth – how it works:
How do Insurance Underwriters Rate Their Jobs?
Based on 158 responses, the job of Insurance Underwriter has received a job satisfaction rating of 3.71 out of 5. On average, Insurance Underwriters are highly satisfied with their job.
Common Health Benefits for a Insurance Underwriter
Medical
84%
Dental
78%
Vision
72%
None
15%
Gender Breakdown for Insurance Underwriters
Female
57.9%
Male
41.4%
Prefer to self-define
0.7%
This data is based on 461 survey responses. Learn more about the gender pay gap.
FAQs About Insurance Underwriters
What is the highest pay for Insurance Underwriters?
Our data indicates that the highest pay for an Insurance Underwriter is $87k / year
What is the lowest pay for Insurance Underwriters?
Our data indicates that the lowest pay for an Insurance Underwriter is $44k / year
How can Insurance Underwriters increase their salary?
Increasing your pay as an Insurance Underwriter is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Insurance Underwriter that oversees more junior Insurance Underwriters, this experience can increase the likelihood to earn more.