Insurance Underwriter I Salary in Illinois
Insurance Underwriter I Salary in Illinois
How much does an Insurance Underwriter I make in Illinois? The average Insurance Underwriter I salary in Illinois is $62,430 as of March 26, 2024, but the range typically falls between $55,760 and $70,850. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Insurance Underwriter I Salary | $49,687 | IL | March 26, 2024 |
| 25th Percentile Insurance Underwriter I Salary | $55,760 | IL | March 26, 2024 |
| 50th Percentile Insurance Underwriter I Salary | $62,430 | IL | March 26, 2024 |
| 75th Percentile Insurance Underwriter I Salary | $70,850 | IL | March 26, 2024 |
| 90th Percentile Insurance Underwriter I Salary | $78,516 | IL | March 26, 2024 |
Project Manager with underwriting- life and Annuity
Infosys McCamish Systems - Atlanta, GA
First Insurance Company of Hawaii - Honolulu, HI
Credit Analyst I - Commercial & Industrial
First Merchants Bank - Indianapolis, IN
Underwriting Assistant - Workers' Compensation
Paragon Insurance Holdings - Las Vegas, NV
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Job Description
The Insurance Underwriter I utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Being a Insurance Underwriter I ensures that underwriting activities comply with all industry and governmental regulations. Calculates renewal rates. In addition, Insurance Underwriter I may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. Being a Insurance Underwriter I work is closely managed. Works on projects/matters of limited complexity in a support role. Working as a Insurance Underwriter I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
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Career Path for this job
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This Job:
Insurance Underwriter I
0 - 2 years experience
Bachelor's Degree -
Up a level:
Insurance Underwriter II
2 - 4 years experience
Bachelor's Degree
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Select a city to view specific salary and bonus information for Insurance Underwriter I
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Cicero, IL | Avg. Salary $64,015 | Date Updated March 26, 2024 |
| Location Mount Prospect, IL | Avg. Salary $63,771 | Date Updated March 26, 2024 |
| Location Abingdon, IL | Avg. Salary $57,790 | Date Updated March 26, 2024 |
| Location Adair, IL | Avg. Salary $58,340 | Date Updated March 26, 2024 |
| Location Addieville, IL | Avg. Salary $59,255 | Date Updated March 26, 2024 |
| Location Addison, IL | Avg. Salary $63,771 | Date Updated March 26, 2024 |
| Location Akin, IL | Avg. Salary $57,485 | Date Updated March 26, 2024 |
| Location Albany, IL | Avg. Salary $56,997 | Date Updated March 26, 2024 |
| Location Albers, IL | Avg. Salary $59,255 | Date Updated March 26, 2024 |
| Location Albion, IL | Avg. Salary $56,143 | Date Updated March 26, 2024 |
About Illinois
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About Illinois Illinois (/ˌɪlɪˈnɔɪ/ (listen) IL-ih-NOY) is a state in the Midwestern and Great Lakes region of the United States. It has the fifth largest gross dome....More
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