Average Insurance Underwriter Salary in New York, New York

$75,063
Avg. SalaryShow Hourly Rate
$8,500
Bonus
$7,500
Profit Sharing
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The average salary for an Insurance Underwriter in New York, New York is $75,063.
10%
$45k
MEDIAN
$75k
90%
$124k
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United States (change)
Salary
$45k - $124k
Bonus
$2k - $24k
Profit Sharing
$0 - $23k
Total Pay
$45k - $138k

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 early career Insurance Underwriter with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $61,613 based on 18 salaries. A mid-career Insurance Underwriter with 5-9 years of experience earns an average total compensation of $82,424 based on 16 salaries. An experienced Insurance Underwriter with 10-19 years of experience earns an average total compensation of $80,000 based on 15 salaries. In their late career (20 years and higher), employees earn an average total compensation of $80,000.
Employees with Insurance Underwriter in their job title in San Francisco, California earn an average of 1.2% more than the national average. The lowest salaries can be found in Detroit, Michigan (26.8% less), Dallas, Texas (21.9% less) and Alpharetta, Georgia (20.5% less).

Years of Experience

This data is based on 55 survey responses.
Early Career
32.7%
Mid Career
29.1%
Experienced
27.3%
Late Career
10.9%