Insurance Underwriter I Salary in New Jersey
Insurance Underwriter I Salary in New Jersey
How much does an Insurance Underwriter I make in New Jersey? The average Insurance Underwriter I salary in New Jersey is $66,890 as of March 26, 2024, but the range typically falls between $59,740 and $75,910. 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 | $53,230 | NJ | March 26, 2024 |
| 25th Percentile Insurance Underwriter I Salary | $59,740 | NJ | March 26, 2024 |
| 50th Percentile Insurance Underwriter I Salary | $66,890 | NJ | March 26, 2024 |
| 75th Percentile Insurance Underwriter I Salary | $75,910 | NJ | March 26, 2024 |
| 90th Percentile Insurance Underwriter I Salary | $84,122 | NJ | March 26, 2024 |
M/I Homes - Columbus, OH
First Insurance Company of Hawaii - Honolulu, HI
Associate Underwriter - Nevada
WCF Insurance - Las Vegas, NV
Paragon Insurance Holdings - Las Vegas, NV
- View Average Salary for United States
-
Select State
-
Select City in NJ
-
Choose Similar Job
-
Pick Related Category
- View Cost of Living in New Jersey
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)
Search Job Openings
Career Path for this job
-
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
Are you an HR manager or compensation specialist?
Salary.com's CompAnalyst platform offers:
- Detailed skills and competency reports for specific positions
- Job and employee pricing reports
- Compensation data tools, salary structures, surveys and benchmarks.
Select a city to view specific salary and bonus information for Insurance Underwriter I
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Bayonne, NJ | Avg. Salary $68,958 | Date Updated March 26, 2024 |
| Location Bergenfield, NJ | Avg. Salary $70,178 | Date Updated March 26, 2024 |
| Location Bloomfield, NJ | Avg. Salary $70,239 | Date Updated March 26, 2024 |
| Location East Brunswick, NJ | Avg. Salary $68,897 | Date Updated March 26, 2024 |
| Location Hoboken, NJ | Avg. Salary $71,277 | Date Updated March 26, 2024 |
| Location Irvington, NJ | Avg. Salary $68,958 | Date Updated March 26, 2024 |
| Location Lakewood, NJ | Avg. Salary $67,921 | Date Updated March 26, 2024 |
| Location Middlesex, NJ | Avg. Salary $68,470 | Date Updated March 26, 2024 |
| Location Passaic, NJ | Avg. Salary $70,239 | Date Updated March 26, 2024 |
| Location Union, NJ | Avg. Salary $68,958 | Date Updated March 26, 2024 |
About New Jersey
Similar Jobs
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Loan Underwriter I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Underwriter (Life) I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
View Salary Data for All Nearby Cities
Level of Education
Most Popular Cities for Insurance Underwriter I Job
- Baltimore, MD Insurance Underwriter I
- Philadelphia, PA Insurance Underwriter I
- Los Angeles, CA Insurance Underwriter I
- Hartford, CT Insurance Underwriter I
- Louisville, KY Insurance Underwriter I
- Boston, MA Insurance Underwriter I
- Atlanta, GA Insurance Underwriter I
- New York, NY Insurance Underwriter I
- Cincinnati, OH Insurance Underwriter I
- Chicago, IL Insurance Underwriter I
Browse All Insurance Jobs by Salary Level
Browse Related Industries
Browse Related Job Categories With Insurance Underwriter I
About New Jersey New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newa....More
Recently searched related titles: Auto Loan Underwriter, Bond Underwriter, Real Estate Underwriter
Recently searched related titles: Acute Dialysis Technician, Entry Level Underwriter, Business Banking Underwriter
Jobs with a similar salary range to Insurance Underwriter I : Financial Lines Underwriter, Small Business Underwriter, Auto Underwriter, Contract Surety Underwriter
Salary estimation for Insurance Underwriter I at companies like : Blume FinTech, MEP Services, College Pilots LLC
Jobs with a similar salary range to Insurance Underwriter I : Paper Conservator, Pediatric Dialysis Nurse, Aerotek Account Manager