▼13%
$66,870
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$47k
MEDIAN
$67k
90%
$97k
The average salary for an Insurance Underwriter is $66,870 in 2025
Base Salary
$47k - $97k
Bonus
$1k - $14k
Profit Sharing
$1k - $11k
Commission
$0 - $12k
Total Pay
$44k - $102k
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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 78 responses, the job of Insurance Underwriter has received a job satisfaction rating of 3.64 out of 5. On average, Insurance Underwriters are highly satisfied with their job.
Common Health Benefits for a Insurance Underwriter
Medical
85%
Dental
77%
Vision
69%
None
14%
Gender Breakdown for Insurance Underwriters
Female
61.8%
Male
37.9%
Prefer to self-define
0.3%
This data is based on 319 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 $97k / year
What is the lowest pay for Insurance Underwriters?
Our data indicates that the lowest pay for an Insurance Underwriter is $47k / 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.