Average Mid-Career Insurance Underwriter Salary

$58,843
Avg. SalaryShow Hourly Rate
$3,087
Bonus
$10,700
Commission
$3,541
Profit Sharing
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The average salary for a Mid-Career Insurance Underwriter is $58,843.
10%
$41k
MEDIAN
$59k
90%
$87k
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United States (change)
Salary
$41k - $87k
Bonus
$514 - $10k
Profit Sharing
$275 - $9k
Commission
$0 - $11k
Total Pay
$40k - $91k

Your Market Worth Over Time

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Job Description for Insurance Underwriter

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.

Popular Employer Salaries for Insurance Underwriter

Insurance Underwriter Job Listings

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Popular Skills for Insurance Underwriter

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

Pay by Experience Level for Insurance Underwriter

An entry-level Insurance Underwriter with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $45,687 based on 99 salaries. An early career Insurance Underwriter with 1-4 years of experience earns an average total compensation of $52,607 based on 476 salaries. An experienced Insurance Underwriter with 10-19 years of experience earns an average total compensation of $60,271 based on 318 salaries. In their late career (20 years and higher), employees earn an average total compensation of $69,607.
Employees with Insurance Underwriter in their job title in New York, New York earn an average of 40.1% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (24.8% more) and Denver, Colorado (22.6% more). The lowest salaries can be found in Charlotte, North Carolina (6.2% less).

Years of Experience

This data is based on 1,094 survey responses.
Entry Level
9.0%
Early Career
43.5%
Experienced
29.1%
Late Career
18.4%