As of April 01, 2025, the average annual salary for an Insurance Underwriter V in Springfield, MA is $138,400. Salary.com reports that pay typically ranges from $123,600 to $154,200, with most professionals earning between $110,125 and $168,585.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $154,200 | $12,850 | $2,965 | $74 |
| Average | $138,400 | $11,533 | $2,662 | $67 |
| 25th Percentile | $123,600 | $10,300 | $2,377 | $59 |
An entry-level Insurance Underwriter V with under 1 year experience makes about $132,429. With less than 2 years of experience, a mid-level Insurance Underwriter V makes around $133,527. After 2-4 years, the Insurance Underwriter V pay rises to about $133,966. Those senior Insurance Underwriter V with 5-8 years of experience earn roughly $136,163, and those Insurance Underwriter V having 8 years or more experience are expected to earn about $137,920 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Underwriter V | $132,429 |
| Intermediate Level Insurance Underwriter V | $133,527 |
| Senior Level Insurance Underwriter V | $133,966 |
| Specialist Level Insurance Underwriter V | $136,163 |
| Expert Level Insurance Underwriter V | $137,920 |
| Entry Level | 4% |
| Mid Level | 4% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 0% |
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