Average Entry-Level Insurance Underwriter Salary

$45,601
Avg. SalaryShow Hourly Rate
$2,572
Bonus
$2,525
Profit Sharing
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The average salary for an Entry-Level Insurance Underwriter is $45,601.
10%
$35k
MEDIAN
$46k
90%
$58k
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United States (change)
Salary
$35k - $58k
Bonus
$76 - $7k
Profit Sharing
$950 - $4k
Total Pay
$31k - $59k

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.

Insurance Underwriter Job Listings

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Popular Skills for Insurance Underwriter

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

Pay by Experience Level for Insurance Underwriter

An early career Insurance Underwriter with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $52,607 based on 476 salaries. A mid-career Insurance Underwriter with 5-9 years of experience earns an average total compensation of $58,843 based on 298 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.

Pay Difference by Location

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Years of Experience

This data is based on 1,293 survey responses.
Early Career
36.8%
Mid Career
23.0%
Experienced
24.6%
Late Career
15.5%