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Surety Bond Underwriter Salary in Massachusetts

How much does a Surety Bond Underwriter make in Massachusetts? The salary range for a Surety Bond Underwriter job is from $70,396 to $86,843 per year in Massachusetts. 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 December 01, 2024
$78,553
Per Year
The average salary for a Surety Bond Underwriter is $78,553
per Year in Massachusetts.
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
$70,396
$78,553
Medium
$86,843

Highest Paying Cities for Surety Bond Underwriter in Massachusetts

Here are the top eight that pay the highest Surety Bond Underwriter salary in MA. Due to the cost of living in different locations, the Surety Bond Underwriter salary will also be different. Boston with the highest wage for the Surety Bond Underwriter in Massachusetts has a high living wage too. Explore more salary information by clicking the city name.

States with Higher Salaries for Surety Bond Underwriter

Surety Bond Underwriter works in Massachusetts will receive the highest salary in the United States, followed by California, New Jersey. These states have more job opportunities than other places. At the same time, the competition will be fiercer too. People need to improve their competitiveness to get a job in these cities.

How Much Do Similar Professions Get Paid in Massachusetts?

The Surety Bond Underwriter jobs have a lot of different directions. And, the job title can also be quite different from in diverse companies. Some job titles may not include the Surety Bond Underwriter, while they have the Surety Bond Underwriter responsibilities. So, here are some similar jobs and their salaries. Click the link which you are interested in to explore more data.
Surety Bond Manager
Average salary
United States
$85,129
per Year
Surety Underwriter
Average salary
United States
$74,605
per Year
Bond Underwriter
Average salary
United States
$70,947
per Year
Commercial Surety Underwriter
Average salary
United States
$69,666
per Year
Contract Surety Underwriter
Average salary
United States
$68,229
per Year
Senior Underwriter, Surety
Average salary
United States
$62,324
per Year

How Much Should You Be Earning?

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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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Hyde Park pays the highest Surety Bond Underwriter wage. Get personal salary report to explore more salary information in different cities.
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The Surety Bond Underwriter salary range is $70,396 to $86,843 in MA.
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