Underwriter II Salary at Geico Companies BETA

How much does a Geico Companies Underwriter II make?

As of March 2025, the average annual salary for an Underwriter II at Geico Companies is $94,822, which translates to approximately $46 per hour. Salaries for Underwriter II at Geico Companies typically range from $85,713 to $107,490, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

GEICO companies Overview

Website:
geico.com
Size:
15,000 - 50,000 Employees
Revenue:
$10B - $50B
Industry:
Insurance

Founded in 1936 and headquartered in Chevy Chase, Maryland, GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is a private passenger auto insurance company in the United States. GEICO policyholders can make policy changes, report claims, print insurance ID cards, and purchase additional products by logging into their car insurance policy. GEICO also provides insurance quotes on motorcycles, all-terrain vehicles (ATVs), boats, travel trailers and motorhomes (RVs). Coverage for life, homes, apartments, and identity theft is written by non-affiliated insurance companies and is secured through the GEICO Insurance Agency, Inc. Commercial auto insurance and personal umbrella protection are also available.

See similar companies related to Geico Companies

What Skills Does a person Need at Geico Companies?

At Geico Companies, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  4. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
  5. Communicates Effectively: Effective communication is the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose.

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Check more jobs information at Geico Companies

Job Title Average Geico Companies Salary Hourly Rate
2 Title Processor $74,871 $36
3 Title Specialist $61,662 $30
4 Tour Manager $143,110 $69
5 Training Customer Service Representative $77,053 $37
6 Training Leader $120,555 $58
7 Training Sales Representative $132,851 $64
8 Training Specialist $77,053 $37
9 2 Customer Service Representative $56,623 $27
10 Account Supervisor $86,005 $41
11 Accountant $117,079 $56
12 Accountant I $80,967 $39
13 Accountant II $94,085 $45

Hourly Pay at Geico Companies

The average hourly pay at Geico Companies for an Underwriter II is $46 per hour. The location, department, and job description all have an impact on the typical compensation for Geico Companies positions. The pay range and total remuneration for the job title are shown in the table below. Geico Companies may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $94,822 look to you?

FAQ about Salary and Jobs at Geico Companies

1. How much does Geico Companies pay per hour?
The average hourly pay is $46. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Geico Companies?
According to the data, the highest approximate salary is about $107,490 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Geico Companies?
According to the data, the lowest estimated salary is about $85,713 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.