How Much Does a Property Underwriter Make in Chicago, IL?

Updated April 01, 2025
As of April 01, 2025, the average annual pay of Property Underwriter in Chicago, IL is $76,092. While Salary.com is seeing that Property Underwriter salary in Chicago, IL can go up to $96,278 or down to $58,984, but most earn between $67,137 and $86,658. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Property Underwriter
Facultative Property Underwriter
$54,853
Chicago, IL
Per Year
Property and Casualty Underwriter
$77,571
Chicago, IL
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Senior Property Underwriter
$124,151
Chicago, IL
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Property Casualty Insurance Underwriter IV
$110,800
Chicago, IL
Per Year
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Similar Job Salaries to Property Underwriter by Company

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Company average base salary in (usd) range
Starr Insurance
Underwriter, Property
$71,597/yr
$64,761
$78,434
RANGE: $64,761 - $78,434
Starr Companies
Underwriter, Property
$71,597/yr
$64,761
$78,434
RANGE: $64,761 - $78,434
AIG
Senior Underwriter, Retail Property
$111,866/yr
$100,804
$122,927
RANGE: $100,804 - $122,927
Allianz Popular SL.
Executive Underwriter - Property
$101,723/yr
$91,139
$112,307
RANGE: $91,139 - $112,307
MSIG USA
Senior Property Underwriter
$85,630/yr
$77,940
$93,319
RANGE: $77,940 - $93,319
Allianz Global Risks US Insurance Compan
Executive Underwriter - Property
$101,723/yr
$91,139
$112,307
RANGE: $91,139 - $112,307
Everest Insurance
Senior Underwriter - Retail Property / Chicago
$111,721/yr
$100,920
$122,521
RANGE: $100,920 - $122,521
Zurich Insurance Group, Ltd.
PROPERTY UNDERWRITER (LEVEL I OR LEVEL II)
$71,597/yr
$64,761
$78,434
RANGE: $64,761 - $78,434
Zurich Insurance Company Ltd.
PROPERTY UNDERWRITER (LEVEL I OR LEVEL II)
$74,897/yr
$68,144
$81,650
RANGE: $68,144 - $81,650
Berkley
Underwriter
$71,597/yr
$64,761
$78,434
RANGE: $64,761 - $78,434

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What Does a Property Underwriter Do?

A property underwriter helps determine coverage amounts and premiums on property that may include houses, land, boats, cars or other valuable property.
Updated November 29, 2021

Frequently Asked Questions About a Property Underwriter Salaries

What is the average of a Property Underwriter in Chicago, IL?

The Property Underwriter salary range is from $67,137 to $86,658, and the average Property Underwriter salary is $76,092/year in Chicago, IL. The Property Underwriter's salary will change in different locations.

Which location pays the highest Property Underwriter salary in the United States?

The Property Underwriter salary in San Jose, CA is $92,873 which is the highest in the US.

What kinds of reasons will influence the Property 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 Property Underwriter.

What is the growth rate of the Property Underwriter's salary?

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