As of April 01, 2025, the average annual salary for a Insurance Underwriter II in Duluth, MN is $68,500. Salary.com reports that pay typically ranges from $61,400 to $74,000, with most professionals earning between $54,936 and $79,007.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $74,000 | $6,167 | $1,423 | $36 |
| Average | $68,500 | $5,708 | $1,317 | $33 |
| 25th Percentile | $61,400 | $5,117 | $1,181 | $30 |
An entry-level Insurance Underwriter II with under 1 year experience makes about $66,156. With less than 2 years of experience, a mid-level Insurance Underwriter II makes around $66,368. After 2-4 years, the Insurance Underwriter II pay rises to about $68,487. Those senior Insurance Underwriter II with 5-8 years of experience earn roughly $70,563, and those Insurance Underwriter II having 8 years or more experience are expected to earn about $71,393 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Underwriter II | $66,156 |
| Intermediate Level Insurance Underwriter II | $66,368 |
| Senior Level Insurance Underwriter II | $68,487 |
| Specialist Level Insurance Underwriter II | $70,563 |
| Expert Level Insurance Underwriter II | $71,393 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 0% |
| Top Level | 3% |
| Experienced | 4% |
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| Skill | Salary | Demand |
|---|---|---|
|
Credit Administration
|
$77,405 |
13%
|
|
Bank Secrecy Act
|
$75,350 |
10%
|
|
Collective Bargaining
|
$75,350 |
10%
|
|
Financial Accounting
|
$74,665 |
9%
|
|
Due Diligence
|
$72,610 |
6%
|
|
Credit Analysis
|
$71,925 |
5%
|
