Insurance Underwriter Salary in the US
$59,275
per year
per month
$4,940
per month
per year
Bonus
$3,650/year
Commission
$10,200/year
Bonus
$300/month
Commission
$850/month
Insurance Underwriter - Average Salary
The average salary for a Insurance Underwriter is $59,275 per year ($4,940 per month), which is $5,785 (+11%) higher than the average salary in the United States.
A Insurance Underwriter can expect an average starting salary of $42,780. The highest salaries can exceed $87,350.
A Insurance Underwriter can expect an average starting salary of $42,780. The highest salaries can exceed $87,350.
$42,780
Low
$59,275
Average salary
$87,350
High
$3,570
Low
$4,940
Average salary
$7,280
High
Total pay includes salary, bonus and commission.
$1,200 $58,400 $118,050 | ||
| Salary | $42,780 - 87,350 | |
| Bonus | $1,200 - 12,500 | |
| Commission | $3,500 - 18,200 | |
| Total Pay | $47,480 - 118,050 |
$100 $4,870 $9,840 | ||
| Salary | $3,570 - 7,280 | |
| Bonus | $100 - 1,040 | |
| Commission | $290 - 1,520 | |
| Total Pay | $3,960 - 9,840 |
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Insurance Underwriter Salary Range
Among Insurance Underwriters in the U.S., Entry Level Insurance Underwriters have the lowest salaries, while Life Insurance Underwriters, Commercial Insurance Underwriters and Senior Insurance Underwriters enjoy the highest salaries.
Insurance Underwriter - Salary Differences
| Job | Salary | Difference |
|---|---|---|
| Senior Insurance Underwriter | $70K/year | +18% |
| Commercial Insurance Underwriter | $69K/year | +16% |
| Life Insurance Underwriter | $63K/year | +6% |
| Health Insurance Underwriter | $61K/year | +3% |
| Auto Insurance Underwriter | $61K/year | +2% |
| Entry Level Insurance Underwriter | $42K/year | -29% |
Insurance Underwriter - Pay by Experience Level in the United States
An Entry Level Insurance Underwriter with less than three years of experience can expect to earn an average starting salary of $49,860 per year. A mid level Insurance Underwriter with 4-9 years of experience earns an average salary of $56,290, while a Senior Insurance Underwriter with 10-20 years of experience makes on average $63,450. Insurance Underwriters with more than 20 years of experience earn $70,210 per year on average.
How Work Experience Affects the Salary of a Insurance Underwriter
| Late Career | ▲ +18% |
| Senior | ▲ +7% |
| Average Salary | $59,275/year |
| Mid Level | ▼ -5% |
| Entry Level | ▼ -16% |
Gender Breakdown
Female
61%
61%
Male
39%
39%
Insurance Underwriter - Jobs by Location
Insurance Underwriter - Related Salaries
The salary information presented on this page is based on all Insurance Underwriter jobs published on Jobted in the last 12 months and on data from the Bureau of Labor Statistics (BLS.gov).
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Insurance Underwriter Jobs