Average Insurance Underwriter Salary in Chicago, Illinois

$63,175
Avg. SalaryShow Hourly Rate
$4,112
Bonus
$3,000
Profit Sharing
What am I worth?
Get pay report
How should I pay?
Price a job
The average salary for an Insurance Underwriter in Chicago, Illinois is $63,175.
10%
$41k
MEDIAN
$63k
90%
$89k
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.

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
$41k - $89k
Bonus
$1k - $15k
Profit Sharing
$0 - $3k
Total Pay
$40k - $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 in Insurance are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis, Commercial and Risk Management / Risk Control.

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 $60,001 based on 17 salaries. A mid-career Insurance Underwriter with 5-9 years of experience earns an average total compensation of $73,425 based on 7 salaries. An experienced Insurance Underwriter with 10-19 years of experience earns an average total compensation of $70,371 based on 15 salaries. In their late career (20 years and higher), employees earn an average total compensation of $87,350.
Employees with Insurance Underwriter in their job title in San Francisco, California earn an average of 24.2% more than the national average. These job titles also find higher than average salaries in New York, New York (17.9% more) and Los Angeles, California (3.4% more). The lowest salaries can be found in Houston, Texas (17.4% less), Dallas, Texas (7.9% less) and Charlotte, North Carolina (7.6% less).

Years of Experience

This data is based on 44 survey responses.
Early Career
38.6%
Mid Career
15.9%
Experienced
34.1%
Late Career
11.4%