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Insurance Underwriter II Salary in Lakeville, Minnesota

Insurance Underwriter II Salary in Lakeville, MN

How much does an Insurance Underwriter II make in Lakeville, MN? The average Insurance Underwriter II salary in Lakeville, MN is $76,800 as of March 26, 2024, but the range typically falls between $68,800 and $88,700. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Insurance Underwriter II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Underwriter II Salary $61,516 Lakeville,MN March 26, 2024
25th Percentile Insurance Underwriter II Salary $68,800 Lakeville,MN March 26, 2024
50th Percentile Insurance Underwriter II Salary $76,800 Lakeville,MN March 26, 2024
75th Percentile Insurance Underwriter II Salary $88,700 Lakeville,MN March 26, 2024
90th Percentile Insurance Underwriter II Salary $99,534 Lakeville,MN March 26, 2024
25% $68,800 10% $61,516 90% $99,534 75% $88,700 $76,800 50%(Median) Didn’t find job title? Click
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Job Description

The Insurance Underwriter II 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 II ensures that underwriting activities comply with all industry and governmental regulations. Calculates renewal rates. In addition, Insurance Underwriter II 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 II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Working as a Insurance Underwriter II typically requires 2-4 years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Insurance Underwriter II in Lakeville, MN

Career Path for this job

  1. Down a level:

    Insurance Underwriter I

    0 - 2 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Underwriter II

    2 - 4 years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Underwriter III

    4 - 7 years experience
    Bachelor's Degree

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Understand the total compensation opportunity for an Insurance Underwriter II, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
68800
88700
76800

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
71500
94300
80600
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Underwriter II in Lakeville, MN. The base salary for Insurance Underwriter II ranges from $68,800 to $88,700 with the average base salary of $76,800. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $71,500 to $94,300 with the average total cash compensation of $80,600.
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68800
88700

 

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About Lakeville, Minnesota    According to the United States Census Bureau, the city has a total area of 37.83 square miles (97.98 km2), of which 36.06 square miles (93.39 km2) is ....More

Lakeville, Minnesota  area prices were up 1.4% from a year ago    View the Cost of Living in Lakeville, Minnesota

Insurance Underwriter II Salary in popular cities: Minneapolis, Saint Paul, Rochester

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