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Insurance Underwriter III Salary in Abingdon, Virginia

Insurance Underwriter III Salary in Abingdon, VA

How much does an Insurance Underwriter III make in Abingdon, VA? The average Insurance Underwriter III salary in Abingdon, VA is $82,400 as of March 26, 2024, but the range typically falls between $73,400 and $94,700. 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 III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Underwriter III Salary $65,206 Abingdon,VA March 26, 2024
25th Percentile Insurance Underwriter III Salary $73,400 Abingdon,VA March 26, 2024
50th Percentile Insurance Underwriter III Salary $82,400 Abingdon,VA March 26, 2024
75th Percentile Insurance Underwriter III Salary $94,700 Abingdon,VA March 26, 2024
90th Percentile Insurance Underwriter III Salary $105,899 Abingdon,VA March 26, 2024
25% $73,400 10% $65,206 90% $105,899 75% $94,700 $82,400 50%(Median) Didn’t find job title? Click
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Job Description

The Insurance Underwriter III 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 III ensures that underwriting activities comply with all industry and governmental regulations. Calculates renewal rates. In addition, Insurance Underwriter III 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 III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Working as a Insurance Underwriter III typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Insurance Underwriter III in Abingdon, VA

Career Path for this job

  1. Down a level:

    Insurance Underwriter II

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Underwriter III

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Underwriter IV

    7 + years experience
    Bachelor's Degree

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

Average Base Salary

Core compensation

 
 
 
73400
94700
82400

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
77200
103300
87900
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Underwriter III in Abingdon, VA. The base salary for Insurance Underwriter III ranges from $73,400 to $94,700 with the average base salary of $82,400. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $77,200 to $103,300 with the average total cash compensation of $87,900.
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73400
94700

 

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About Abingdon, Virginia    Abingdon is a town in Washington County, Virginia, United States, 133 miles (214 km) southwest of Roanoke. The population was 8,191 at the 2010 census....More

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

Insurance Underwriter III Salary in popular cities: Virginia Beach, Norfolk, Chesapeake

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