Insurance Underwriter I Salary in Minnesota
Insurance Underwriter I Salary in Minnesota
How much does an Insurance Underwriter I make in Minnesota? The average Insurance Underwriter I salary in Minnesota 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 | MN | March 26, 2024 |
| 25th Percentile Insurance Underwriter I Salary | $55,760 | MN | March 26, 2024 |
| 50th Percentile Insurance Underwriter I Salary | $62,430 | MN | March 26, 2024 |
| 75th Percentile Insurance Underwriter I Salary | $70,850 | MN | March 26, 2024 |
| 90th Percentile Insurance Underwriter I Salary | $78,516 | MN | March 26, 2024 |
Production Underwriting Assistant
USG Insurance Services, Inc. - Carnegie, PA
M/I Homes - Columbus, OH
First Insurance Company of Hawaii - Honolulu, HI
Insurance Sales and Customer Service
Leta Hankins Insurance - Lakewood, WA
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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 Lakeville, MN | Avg. Salary $64,320 | Date Updated March 26, 2024 |
| Location Minnetonka, MN | Avg. Salary $64,747 | Date Updated March 26, 2024 |
| Location Ada, MN | Avg. Salary $57,668 | Date Updated March 26, 2024 |
| Location Adams, MN | Avg. Salary $60,598 | Date Updated March 26, 2024 |
| Location Adolph, MN | Avg. Salary $58,950 | Date Updated March 26, 2024 |
| Location Adrian, MN | Avg. Salary $54,495 | Date Updated March 26, 2024 |
| Location Afton, MN | Avg. Salary $64,259 | Date Updated March 26, 2024 |
| Location Ah Gwah Ching, MN | Avg. Salary $58,584 | Date Updated March 26, 2024 |
| Location Aitkin, MN | Avg. Salary $59,011 | Date Updated March 26, 2024 |
| Location Akeley, MN | Avg. Salary $58,645 | Date Updated March 26, 2024 |
About Minnesota
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About Minnesota Minnesota (/ˌmɪnɪˈsoʊtə/ (listen)) is a state in the Upper Midwest and northern regions of the United States. Minnesota was admitted as the 32nd U.S. ....More
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