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How much does an Insurance Underwriter II make in Passaic, NJ? The average Insurance Underwriter II salary in Passaic, NJ is $83,800 as of February 26, 2024, but the range typically falls between $75,000 and $96,700. 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.

Insurance Underwriter II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Underwriter II Salary $66,988 Passaic,NJ February 26, 2024
25th Percentile Insurance Underwriter II Salary $75,000 Passaic,NJ February 26, 2024
50th Percentile Insurance Underwriter II Salary $83,800 Passaic,NJ February 26, 2024
75th Percentile Insurance Underwriter II Salary $96,700 Passaic,NJ February 26, 2024
90th Percentile Insurance Underwriter II Salary $108,445 Passaic,NJ February 26, 2024
25% $75,000 10% $66,988 90% $108,445 75% $96,700 $83,800 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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Average Base Salary

Core compensation

 
 
 
75000
96700
83800

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
78000
102900
87900
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 Passaic, NJ. The base salary for Insurance Underwriter II ranges from $75,000 to $96,700 with the average base salary of $83,800. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $78,000 to $102,900 with the average total cash compensation of $87,900.
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75000
96700

 

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About Passaic, New Jersey    According to the United States Census Bureau, the city had a total area of 3.244 square miles (8.401 km2), including 3.146 square miles (8.149 km2) of....More

Passaic, New Jersey  area prices were up 1.5% from a year ago    View the Cost of Living in Passaic, New Jersey

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