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Insurance Underwriter I Salary in Rockford, Illinois

Insurance Underwriter I Salary in Rockford, IL

How much does an Insurance Underwriter I make in Rockford, IL? The average Insurance Underwriter I salary in Rockford, IL is $59,630 as of March 26, 2024, but the range typically falls between $53,260 and $67,670. 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 I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Underwriter I Salary $47,460 Rockford,IL March 26, 2024
25th Percentile Insurance Underwriter I Salary $53,260 Rockford,IL March 26, 2024
50th Percentile Insurance Underwriter I Salary $59,630 Rockford,IL March 26, 2024
75th Percentile Insurance Underwriter I Salary $67,670 Rockford,IL March 26, 2024
90th Percentile Insurance Underwriter I Salary $74,990 Rockford,IL March 26, 2024
25% $53,260 10% $47,460 90% $74,990 75% $67,670 $59,630 50%(Median) Didn’t find job title? Click
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Check out Insurance Underwriter I Job Openings in Rockford, Illinois

Insurance Underwriter

Diedre Moire Corp. - The Gap, IL

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Commercial Insurance Underwriter - Midwest Region (REMOTE)

Safesite and Foresight Insurance - Chicago, IL

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Commercial Insurance Underwriter - Midwest Region (REMOTE)

Safesite and Foresight Insurance - Chicago, IL

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Underwriter Trainee, Individual Disability Income Insurance

Illinois Mutual Life Insurance Company - Peoria, IL

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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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Job Openings for Insurance Underwriter I in Rockford, IL
  • Diedre Moire Corp. - The Gap, IL
    Insurance Underwriter - Apartment Building Property E&S Underwriter - Chicago, IL Insurer of apartment building and hotel property risks seeks experienced ...
    - 2 Days Ago
  • Safesite and Foresight Insurance - Chicago, IL
    Foresight Risk and Insurance Services, Inc. ("Foresight") is looking for a Commercial Insurance Underwriter with construction experience based on the East ...
    - 3 Days Ago
  • Safesite and Foresight Insurance - Chicago, IL
    Job Description. Job Description. Foresight Risk and Insurance Services, Inc. ("Foresight") is looking for a Commercial Insurance Underwriter with construc...
    - 4 Days Ago
  • Illinois Mutual Life Insurance Company - Peoria, IL
    Job Description. Job Description. Description. Job Summary. The Underwriter Trainee underwrites individual disability income insurance applications, within...
    - 5 Days Ago
  • First Chicago Insurance Company - , IL
    At First Chicago Insurance Company, our employees are our biggest asset. It is our mission to attract and retain intelligent, motivated, ethical employees ...
    - 5 Days Ago

Career Path for this job

  1. This Job:

    Insurance Underwriter I

    0 - 2 years experience
    Bachelor's Degree

  2. Up a level:

    Insurance Underwriter II

    2 - 4 years experience
    Bachelor's Degree

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Average Base Salary

Core compensation

 
 
 
53260
67670
59630

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
54900
71100
61870
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Underwriter I in Rockford, IL. The base salary for Insurance Underwriter I ranges from $53,260 to $67,670 with the average base salary of $59,630. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $54,900 to $71,100 with the average total cash compensation of $61,870.
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53260
67670

 

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About Rockford, Illinois    Rockford is a city in Winnebago County in the U.S. state of Illinois, in far northern Illinois. Located on the banks of the Rock River, Rockford is t....More

Rockford, Illinois  area prices were up 1.3% from a year ago    View the Cost of Living in Rockford, Illinois

Insurance Underwriter I Salary in popular cities: Chicago, Aurora, Joliet

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