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.
$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

Insurance Underwriter Salary Range

Low
$42,780
Average salary
$59,275
Senior
$66,975
High
$87,350
Low
$3,570
Average salary
$4,940
Senior
$5,580
High
$7,280
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

JobSalaryDifference
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%
Male
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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Frequently asked questions about the salary of the Insurance Underwriter

How much does a Insurance Underwriter make in the US?
A Insurance Underwriter in the US earns an average of $59,275 gross per year, which is about $4,940 gross per month. Everything you need to know about the salary of the Insurance Underwriter updated to 2022.
What is the starting salary for a Insurance Underwriter in the US?
The starting salary of a Insurance Underwriter in the US is around $42,780 gross per year. Entry Level Insurance Underwriters usually have a lower salary.
What is the highest salary for a Insurance Underwriter in the US?
The highest salary of a Insurance Underwriter in the US can reach and exceed $87,350 gross per year. Life Insurance Underwriters, Commercial Insurance Underwriters and Senior Insurance Underwriters usually have the highest salaries.
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