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Surety Bond Underwriter Salary in Boston, MA

How much does a Surety Bond Underwriter make in Boston, MA? The salary range for a Surety Bond Underwriter job is from $70,010 to $86,635 per year in Boston, MA. Click on the filter to check out Surety Bond Underwriter job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at March 26, 2024
$78,159
Per Year
The average salary for a Surety Bond Underwriter is $78,159
per Year in Boston, MA.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$70,010
$78,159
Medium
$86,635

Highest Paying Cities for Surety Bond Underwriter near Boston, MA

We list eight cities that pay high wages to Surety Bond Underwriter near Boston. The salary difference may cause by many reasons, such as the cost of living. The competition will also be fiercer where wages are high. Click the city name to learn more about the Surety Bond Underwriter pay level in these cities.

States with Higher Salaries for Surety Bond Underwriter

Here are the top five states that pay the highest Surety Bond Underwriter salary in the United States. District of Columbia takes first place with the highest Surety Bond Underwriter salary is $77,601 per Year. California and New Jersey take the second and third place with $76,904 per Year and $76,416 per Year in the list. A higher average Surety Bond Underwriter salary indicates a higher cost of living too.

How Much Do Similar Professions Get Paid in Boston, MA?

The following job titles have similar responsibilities as a Surety Bond Underwriter. However, the different job titles may have different salaries. Learn each job, and finger out the most suitable position with the highest wage for you in your city.
Surety Bond Manager
Average salary
United States
$86,177
per Year
Surety Underwriter
Average salary
United States
$74,417
per Year
Bond Underwriter
Average salary
United States
$71,670
per Year
Contract Surety Underwriter
Average salary
United States
$69,097
per Year
Senior Underwriter, Surety
Average salary
United States
$63,195
per Year
Commercial Surety Underwriter
Average salary
United States
$70,628
per Year

How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

What Does a Surety Bond Underwriter Do?

Most surety bonds never have a claim made against them, and the principal is ultimately responsible for paying the surety back for any money paid to a claimant.

December 22, 2021

The good news is that even if your underwriting process results in a higher premium, there are still ways to get a surety bond fast and for an affordable price.

December 22, 2021

Made against a surety bond are completely avoidable, and can only be made if the bonded principal breaks the agreement set forth in the bond.

December 20, 2021

The surety writes bonds with the assumption that the policy will not be used, and so the premium is based on the likelihood of a claim being made against the applicant’s bond, as well as the applicant’s ability to fully reimburse the surety.

December 19, 2021

There are also different ways an underwriter can minimize the surety’s risk on a riskier bond and still approve it.

December 13, 2021

Most Common Benefits for Surety Bond Underwriter

Social Security
Healthcare
401(k)
Pension
Disability
Time Off (days)

Frequently Asked Questions

Common questions about salaries for a Surety Bond Underwriter
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Most surety bonds never have a claim made against them, and the principal is ultimately responsible for paying the surety back for any money paid to a claimant.
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Explore our personal salary report to know the Surety Bond Underwriter market value in Boston, MA. And find out if any places are having a higher Surety Bond Underwriter salary.
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The average salary of a Surety Bond Underwriter is $78,159 in Boston, MA.
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