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Updated October 02, 2024

Insurance Underwriters Salaries

New York-Newark-Jersey City, Pennsylvania, US

Average Base Pay

$80,870/yr

38.88% above national average

Additional Cash Compensation

Average: $80,870


Range: $47,820-$159,660

 

How much does a Insurance Underwriters role make in New York-Newark-Jersey City, Pennsylvania, US?

Career Ladder Pay for Insurance Underwriters Roles

A person in an entry-level Insurance Underwriters role with under one year of job experience can expect to make an average annual salary of $47,820. A Insurance Underwriters candidate with 1-4 years of experience makes an average total salary of $61,290. A person in a mid-career Insurance Underwriters role with 5-9 years of experience makes an average salary of $80,870 a year. Insurance Underwriters with 10 or more years of experience make an average of $117,880. In their late career (over 20 years of experience), a person in a Insurance Underwriters role’s annual salary averages $159,660 per year.

What is the average Insurance Underwriters salary in New York-Newark-Jersey City, Pennsylvania, US?

Average base salary, as of 2024 : $80,870

Salary Breakdown

  Average base salary (percentile)
 25th50th75th
Annual salary$20,218$40,435$60,653
Monthly salary$1,685$3,370$5,054
Weekly salary$421$842$1,264
Hourly salary$60$120$181

Where can a Insurance Underwriters role earn more money?

VS

Similar jobs with comparable annual salaries.

FREQUENTLY ASKED SALARY QUESTIONS

Will extra certification for Insurance Underwriters roles boost salary?

While certifications are not required for every Insurance Underwriters position, they can certainly increase your salary and lead to an easier recruitment process when applying to enterprises that favor candidates with additional certifications.

Is the Insurance Underwriters position in high demand?

The current Bureau of Labor Statistics states the salary is $80,870 higher than the national average for Insurance Underwriters positions.

Is there advancement potential for a Insurance Underwriters role?

Yes, there is strong potential for promotion — either with an additional educational degree or with continued years of experience. There are a multitude of other positions Insurance Underwriters roles that can advance both internally and with another company.

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