Diedre Moire Corp.
Germantown, MD
Insurance Underwriter III Salary in Germantown, MD
Insurance Underwriter III Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $118,600 | $9,883 | $2,281 | $57 |
| Average | $103,200 | $8,600 | $1,985 | $50 |
| 25th Percentile | $91,900 | $7,658 | $1,767 | $44 |
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How much does a Insurance Underwriter III Make?
As of September 01, 2024, the average annual pay of Insurance Underwriter III in the Germantown, MD is $103,200. While Salary.com is seeing that Insurance Underwriter III salary in the US can go up to $132,621 or down to $81,612, but most earn between $91,900 and $118,600. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Underwriter III in the United States.- View Average Salary for United States
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View Insurance Underwriter III Salary by Experience Levels
An entry-level Insurance Underwriter III with under 1 year experience makes about $97,846. With less than 2 years of experience, a mid-level Insurance Underwriter III makes around $98,693. After 2-4 years, the Insurance Underwriter III pay rises to about $100,385. Those senior Insurance Underwriter III with 5-8 years of experience earn roughly $102,924, and those Insurance Underwriter III having 8 years or more experience are expected to earn about $108,646 on average.
$97,846
0 yr
$98,693
< 2 yrs
$100,385
2-4 yrs
$102,924
5-8 yrs
$108,646
> 8 yrs
Last Updated on September 01, 2024
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 3% |
| Top Level | 0% |
| Experienced | 5% |
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Last Updated on September 01, 2024
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Job Openings of Insurance Underwriter III
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Diedre Moire Corp.
Germantown, MD
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Cost of Living In Germantown, MD
Cost of Living in Germantown , MD is
33.6% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.
Best-Paid Skills and Qualifications for Insurance Underwriter III
What skills does a Insurance Underwriter III need?
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
2.
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
3.
Sales Support: The tasks, roles, and technology that exist within our organization to help our sales force close deals.
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Insurance Underwriter III higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Leadership, you can get a 3% salary raise. If you are good at Initiative, your salary will increase by 3%. If you are expert in Collaboration, your salary will rise by 3%.
| Skill | Salary | Demand |
|---|---|---|
|
Leadership
|
$106,296 |
3%
|
|
Initiative
|
$106,296 |
3%
|
|
Collaboration
|
$106,296 |
3%
|
|
Pricing
|
$105,264 |
2%
|
|
Analysis
|
$105,264 |
2%
|
|
Problem Solving
|
$104,232 |
1%
|
About Our Data
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources.
We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right.
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The average salary for a Insurance Underwriter III is $103,200 per year in Germantown, MD, updated at September 01, 2024.
