How Much Does a Commercial Surety Underwriter Make in Virginia?

Updated April 24, 2024
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Individually reported data submitted by users of our website

Low Confidence
$63,321/yr
Average Base Pay
Low $52,299
Average $63,321
High $86,940
The average salary for Commercial Surety Underwriter is $63,321 per year in Virginia.

Related Job Titles to Commercial Surety Underwriter

Surety Underwriter
$66,755
Virginia
Per Year
Contract Surety Underwriter
$61,979
Virginia
Per Year
Senior Underwriter, Surety
$56,675
Virginia
Per Year
Surety Bond Underwriter
$70,114
Virginia
Per Year

Similar Job Salaries to Commercial Surety Underwriter by Company

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Company average base salary in (usd) range
Berkley
Senior Underwriter - Small Commercial
$143,342/yr
$116,648
$170,035
RANGE: $116,648 - $170,035
MMG Insurance
Commercial Lines Underwriter
$72,077/yr
$62,338
$81,815
RANGE: $62,338 - $81,815
Donegal Insurance Group
Commercial Lines Underwriter
$78,536/yr
$69,207
$87,865
RANGE: $69,207 - $87,865
FCCI Services Inc.
Commercial Lines Underwriter - Mid-Atlantic Region
$76,668/yr
$66,105
$87,231
RANGE: $66,105 - $87,231
Berkley
Underwriter
$141,070/yr
$118,382
$163,759
RANGE: $118,382 - $163,759
MCR, LLC
Program Analyst (Nuclear Weapons Surety)
$142,565/yr
$118,265
$166,864
RANGE: $118,265 - $166,864
JAMES RIVER MANAGEMENT CO INC
Underwriter to Executive Underwriter (Environmental)
$107,068/yr
$89,404
$124,732
RANGE: $89,404 - $124,732
JAMES RIVER MANAGEMENT CO INC
Associate Underwriter - Senior Underwriter
$80,117/yr
$69,042
$91,193
RANGE: $69,042 - $91,193
Berkley
Senior Underwriter
$132,704/yr
$109,040
$156,368
RANGE: $109,040 - $156,368

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Top 10 Highest Paying Cities For Commercial Surety Underwriter Jobs in Virginia

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Commercial Surety Underwriter can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Commercial Surety Underwriter job salaries in Virginia. Some cities can pay higher salaries for Commercial Surety Underwriter jobs, which can indicate that there is a large demand for Commercial Surety Underwriter positions in this city.
The following table shows top 10 cities where the Commercial Surety Underwriter salary is higher than other cities in Virginia. Arlington takes first place in this list, followed by Alexandria, Annandale. The Commercial Surety Underwriter salary is $70,265 in Arlington, which is higher than the national average. There are 5 cities' Commercial Surety Underwriter salary higher than national average in Virginia.
The average salary for a Commercial Surety Underwriter in Virginia is $63,321, but we found that the city with the highest salary for Commercial Surety Underwriter jobs is Arlington, VA, and it is higher than Alexandria. Commercial Surety Underwriter jobs in Arlington can have the opportunity to earn higher salaries than in other cities in Virginia.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Arlington $70,265 $5,855 $1,351 $34
Alexandria $70,265 $5,855 $1,351 $34
Annandale $70,265 $5,855 $1,351 $34
Reston $70,139 $5,845 $1,349 $34
Centreville $70,012 $5,834 $1,346 $34
Richmond $61,427 $5,119 $1,181 $30
Petersburg $61,237 $5,103 $1,178 $29
Virginia State University $61,237 $5,103 $1,178 $29
Virginia Beach $60,353 $5,029 $1,161 $29
Newport News $59,785 $4,982 $1,150 $29

What Does a Commercial Surety Underwriter Do?

Where There’s a Will, Surety Can Guide Your Way: Meet ORSC’s Senior Contract Underwriter - Matt Payment.
Updated December 05, 2021
With surety underwriting, the underwriter is making the determination of whether to extend what can be viewed as a line of credit to a principal.
Updated October 17, 2021
If new to the surety underwriting profession, you train with senior underwriters to learn the ropes, and typically start out with simple, uncomplicated client applications.
Updated October 07, 2021
Aside from a bonds claim history outlined above, a surety underwriter will carefully review the applicant’s qualifications.
Updated October 04, 2021
Two to three years of experience in insurance, risk management, claims analysis or related work provides a strong background for employment as a surety underwriter.
Updated September 27, 2021

Frequently Asked Questions About a Commercial Surety Underwriter Salaries

What is the average of a Commercial Surety Underwriter in Virginia?

The Commercial Surety Underwriter salary range is from $52,299 to $86,940, and the average Commercial Surety Underwriter salary is $63,321/year in Virginia. The Commercial Surety Underwriter's salary will change in different locations.

Which location pays the highest Commercial Surety Underwriter salary in the United States?

The Commercial Surety Underwriter salary in San Jose, CA is $79,230 which is the highest in the US.

What kinds of reasons will influence the Commercial Surety Underwriter's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Commercial Surety Underwriter.

What is the growth rate of the Commercial Surety Underwriter's salary?

If you are thinking of becoming a Commercial Surety Underwriter or planning the next step in your career, find the detailed salary report of a Commercial Surety Underwriter.