▼22%
$66,721
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$49k
MEDIAN
$67k
90%
$97k
The average salary for an Underwriter is $66,721 in 2025
Base Salary
$49k - $97k
Bonus
$1k - $13k
Profit Sharing
$894 - $8k
Commission
$7k - $37k
Total Pay
$46k - $101k
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What is the Pay by Experience Level for Underwriters?
What Do Underwriters Do?
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.
Find your market worth – how it works:
How do Underwriters Rate Their Jobs?
Based on 203 responses, the job of Underwriter has received a job satisfaction rating of 3.84 out of 5. On average, Underwriters are highly satisfied with their job.
Common Health Benefits for a Underwriter
Medical
88%
Dental
82%
Vision
74%
None
12%
Gender Breakdown for Underwriters
Female
59.1%
Male
39.6%
Prefer to self-define
1.0%
This data is based on 618 survey responses. Learn more about the gender pay gap.
FAQs About Underwriters
What is the highest pay for Underwriters?
Our data indicates that the highest pay for an Underwriter is $97k / year
What is the lowest pay for Underwriters?
Our data indicates that the lowest pay for an Underwriter is $49k / year
How can Underwriters increase their salary?
Increasing your pay as an Underwriter is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Underwriter that oversees more junior Underwriters, this experience can increase the likelihood to earn more.