As of April 01, 2026, the average salary for an Underwriter IV in the United States is $108,288 per year, which breaks down to an hourly rate of $52.
However, an Underwriter IV's salary can vary significantly. Here’s a look at the typical salary range:
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An Underwriter IV's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of an Underwriter IV's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Underwriter II | 2-4 years | $71,307 |
| Underwriter III | 4-7 years | $92,693 |
| Underwriter IV | 7+ years | $108,288 |
| Underwriter V | 7-10 years | $133,445 |
| Underwriting Supervisor | 10+ years | $104,456 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Underwriter IVs. For example, consider the average annual salaries in these key locations:
Understanding how an Underwriter IV's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on April 01, 2026Promotions are the fastest way to increase your earnings. As an Underwriter IV, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Health Underwriting Manager | $131,613 | 22% |
| Life Underwriting Supervisor | $117,183 | 8% |
| Property Casualty Underwriting Supervisor | $115,191 | 6% |
| Underwriter V | $133,445 | 23% |
Salaries for an Underwriter IV can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $122,488 in 2023 to around $119,298 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Underwriter IV salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $122,488 |
| 2024 | $121,710 |
| 2025 | $119,298 |
| 2026 |
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| 2027 |
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An Underwriter IV'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 IV earns the most in San Jose, CA, where the annual salary of an Underwriter IV is $136,584.
The highest pay for Underwriter IV is $128,023.
The lowest pay for Underwriter IV is $91,780.
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 highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience.
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.
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