As of April 01, 2025, the average annual salary for an Insurance Underwriter V in Rapid City, SD is $118,800. Salary.com reports that pay typically ranges from $106,200 to $132,400, with most professionals earning between $94,728 and $144,782.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $132,400 | $11,033 | $2,546 | $64 |
| Average | $118,800 | $9,900 | $2,285 | $57 |
| 25th Percentile | $106,200 | $8,850 | $2,042 | $51 |
An entry-level Insurance Underwriter V with under 1 year experience makes about $113,709. With less than 2 years of experience, a mid-level Insurance Underwriter V makes around $114,652. After 2-4 years, the Insurance Underwriter V pay rises to about $115,030. Those senior Insurance Underwriter V with 5-8 years of experience earn roughly $116,916, and those Insurance Underwriter V having 8 years or more experience are expected to earn about $118,424 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Underwriter V | $113,709 |
| Intermediate Level Insurance Underwriter V | $114,652 |
| Senior Level Insurance Underwriter V | $115,030 |
| Specialist Level Insurance Underwriter V | $116,916 |
| Expert Level Insurance Underwriter V | $118,424 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 0% |
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