The salary of an Underwriter III in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of May 01, 2025, the average annual salary for an Underwriter III in the United States is $92,698. Salary.com reports that pay typically ranges from $84,732 to $101,324, with most professionals earning between $77,479 and $109,178.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $101,324 | $8,444 | $1,949 | $49 |
| Average | $92,698 | $7,725 | $1,783 | $45 |
| 25th Percentile | $84,732 | $7,061 | $1,629 | $41 |
An entry-level Underwriter III with less than 1 year of experience earns about $89,131. With 1-2 years of experience, the average salary increases to $89,726. For 2-4 years of experience, the pay typically rises to $90,915. Senior-level professionals with 5-8 years of experience earn around $92,698, and those with over 8 years of experience can expect an average of $95,917.
| Levels | Salary |
|---|---|
| Entry Level Underwriter III | $89,131 |
| Intermediate Level Underwriter III | $89,726 |
| Senior Level Underwriter III | $90,915 |
| Specialist Level Underwriter III | $92,698 |
| Expert Level Underwriter III | $95,917 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 0% |
| Experienced | 3% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of May 01, 2025, our research reveals a significant shift in Underwriter III compensation over the past six years. For example, the median salary increased from $98,652 in 2023 to approximately $95,565 in 2024. (For a detailed analysis of Underwriter III salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Underwriter III information for you to search for. Click on search button below to see Underwriter III job openings or enter a new job title here.
Here are companies hiring for Underwriter III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $92,698 | 65.7% | ||
| Bonus | $10,377 | 7.4% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $7,885 | 5.6% | ||
| 401K/403B | $4,845 | 3.4% | ||
| Disability | $825 | 0.6% | ||
| Healthcare | $6,056 | 4.3% | ||
| Pension | $5,669 | 4.0% | ||
| Time Off | $12,686 | 9.0% | ||
| Total Compensation | $141,041 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 12.7% |
| Associates | 6.3% |
| Bachelors | 63.3% |
| Masters | 17.7% |
What Am I Worth?
The average annual salary of Underwriter III is $92,698. In case you are finding an easy salary calculator, the average hourly pay of Underwriter III is $45; the average weekly pay of Underwriter III is $1,783; the average monthly pay of Underwriter III is $7,725.
An Underwriter III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Underwriter III earns the most in San Jose, CA, where the annual salary of an Underwriter III is $116,920.
The highest pay for Underwriter III is $109,178.
The lowest pay for Underwriter III is $77,479.
Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. 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. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
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.
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
Sales Support: The tasks, roles, and technology that exist within our organization to help our sales force close deals.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
