Average Insurance Underwriter with Insurance Skills Salary in Chicago, Illinois

$69,377
Avg. Salary
$4,912
Bonus
What am I worth?
Get pay report
How should I pay?
Price a job
The average salary for an Insurance Underwriter with Insurance skills in Chicago, Illinois is $69,377.
10%
$44k
MEDIAN
$69k
90%
$87k
Is Insurance Underwriter 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?
How it works:
1
Enter city & years of experience
2
Add pay factors like skills & education
3
Find your market worth with a report tailored to you
United States (change)
Salary
$44k - $87k
Bonus
$1k - $15k
Total Pay
$44k - $100k

Your Market Worth Over Time

How has your pay changed over time for your market? Find out by taking our salary quiz.

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

Search for more jobs
Search

Popular Skills for Insurance Underwriter

Skills that pay less than market rate include Financial Analysis, Risk Management / Risk Control and Commercial.

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 $62,000 based on 13 salaries. An experienced Insurance Underwriter with 10-19 years of experience earns an average total compensation of $69,622 based on 10 salaries.
Employees with Insurance Underwriter in their job title in San Francisco, California earn an average of 9.5% more than the national average. These job titles also find higher than average salaries in New York, New York (7.6% more). The lowest salaries can be found in Houston, Texas (24.0% less), Charlotte, North Carolina (18.7% less) and Dallas, Texas (15.7% less).

Years of Experience

This data is based on 23 survey responses.
Early Career
56.5%
Experienced
43.5%