Underwriter Analyst Salaries in Illinois
How Much Does an Underwriter Analyst Make in Illinois?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Underwriter Analyst in Illinois is $54,395.
While Salary.com is seeing that Underwriter Analyst salary in IL can go up to $65,889
or down to $43,032, but most earn between $48,447 and $60,411.
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 Underwriter Analyst
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Similar Job Salaries to Underwriter Analyst by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Alera Group
FINANCIAL ANALYST - UNDERWRITER
|
$98,176/yr
|
RANGE: $87,255 - $109,097
|
|
Alera Group, Inc.
Financial Analyst - Underwriter
|
$97,792/yr
|
RANGE: $86,913 - $108,670
|
|
1st National Bank Of Waterloo
Underwriter
|
$87,677/yr
|
RANGE: $74,797 - $100,557
|
|
CrossCover Insurance Services
Underwriter
|
$81,733/yr
|
RANGE: $70,668 - $92,798
|
|
Wintrust Financial Corporation
Underwriter
|
$87,825/yr
|
RANGE: $74,271 - $101,378
|
|
AXIS (AXIS Capital)
Sr. Underwriter/Underwriter
|
$102,409/yr
|
RANGE: $87,150 - $117,668
|
|
The Amherst Group Limited
Analyst, Underwriter
|
$77,001/yr
|
RANGE: $66,679 - $87,323
|
|
BCS Financial Corporation
Senior Underwriter
|
$178,234/yr
|
RANGE: $142,862 - $213,607
|
|
Old Republic Inland Marine
Associate Underwriter
|
$81,733/yr
|
RANGE: $70,668 - $92,798
|
|
GenStar Insurance Services, LLC
Casualty Underwriter
|
$78,953/yr
|
RANGE: $68,526 - $89,379
|
Top 10 Highest Paying Cities For Underwriter Analyst Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where an Underwriter Analyst can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Underwriter Analyst job salaries in Illinois.
Some cities can pay higher salaries for Underwriter Analyst jobs, which can indicate that there is a large demand for Underwriter Analyst positions in this city.
The following table shows top 10 cities where the Underwriter Analyst salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Evanston.
The Underwriter Analyst salary is $55,777 in Chicago,
which is higher than the national average. There are 20 cities' Underwriter Analyst salary higher than national average in Illinois.
The average salary for an Underwriter Analyst in Illinois is $54,395,
but we found that the city with the highest salary for Underwriter Analyst jobs is Chicago, IL, and it is higher than Cicero.
Underwriter Analyst jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $55,777 | $4,648 | $1,073 | $27 |
| Cicero | $55,777 | $4,648 | $1,073 | $27 |
| Evanston | $55,777 | $4,648 | $1,073 | $27 |
| Oak Park | $55,777 | $4,648 | $1,073 | $27 |
| Skokie | $55,777 | $4,648 | $1,073 | $27 |
| Oak Lawn | $55,724 | $4,644 | $1,072 | $27 |
| Des Plaines | $55,618 | $4,635 | $1,070 | $27 |
| Mount Prospect | $55,564 | $4,630 | $1,069 | $27 |
| Aurora | $55,299 | $4,608 | $1,063 | $27 |
| Hoffman Estates | $55,299 | $4,608 | $1,063 | $27 |
What Does an Underwriter Analyst Do?
Underwriting analysts, also known as insurance underwriters, analyze and process paper and electronic applications for insurance companies.
Updated December 07, 2021
Underwriting analysts with at least two years of paid employment who have worked a minimum of 17.5 hours per week can pursue the chartered property casualty underwriter designation.
Updated November 18, 2021
Underwriting analysts present their decisions to senior underwriters for approval or subsequent review.
Updated November 02, 2021
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Explore JobArchitectFrequently Asked Questions About an Underwriter Analyst Salaries
What is the average of an Underwriter Analyst in Illinois?
The Underwriter Analyst salary range is from $48,447 to $60,411, and the average Underwriter Analyst salary is $54,395/year in Illinois.
The Underwriter Analyst's salary will change in different locations.
Which location pays the highest Underwriter Analyst salary in the United States?
The Underwriter Analyst salary in San Jose, CA is $66,731
which is the highest in the US.
What kinds of reasons will influence the Underwriter Analyst'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 Underwriter Analyst.
What is the growth rate of the Underwriter Analyst's salary?
If you are thinking of becoming an Underwriter Analyst or planning the next step in your career, find the detailed salary report of an Underwriter Analyst.
