As of March 01, 2026, the average salary for a Commercial Underwriter in the United States is $62,782 per year, which breaks down to an hourly rate of $30.
However, a Commercial Underwriter's salary can vary significantly. Here’s a look at the typical salary range:
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A Commercial Underwriter's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Commercial Underwriter's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Commercia... Level Commercial Underwriter | $62,289 |
| Underwrit... Level Commercial Underwriter | $73,390 |
| Underwrit... Level Commercial Underwriter | $95,402 |
| Life Unde... Level Commercial Underwriter | $120,585 |
| Life Unde... Level Commercial Underwriter | $141,131 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Commercial Underwriters. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 6% |
| Pricing | 2.09% |
| Knowledge of Underwriting | 1.28% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Accuracy and Attention to Detail
|
$86,638 |
38%
|
|
Managing Multiple Priorities
|
$86,638 |
38%
|
|
Office Support Tools
|
$86,638 |
38%
|
|
Credit Analysis and Verification
|
$86,638 |
38%
|
|
Negotiating
|
$82,244 |
31%
|
|
Decision Making and Critical Thinking
|
$72,199 |
15%
|
Your level of education can impact your salary potential. While many Commercial Underwriters enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Commercial Underwriter with a Associate's Degree is between $53,116 and $56,472).
Commercial Underwriter Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 19.5% |
| High School | 19.5% |
| Associates | 9.1% |
| Bachelors | 64.9% |
| Masters | 6.5% |
| Doctorate | 0.0% |
Understanding how a Commercial Underwriter's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on March 01, 2026Salaries for a Commercial Underwriter can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $67,960 in 2023 to around $64,877 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Commercial Underwriter salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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|
| 2023 | $67,960 |
| 2024 | $66,443 |
| 2025 | $64,877 |
| 2026 |
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|
| 2027 |
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|
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Compensation PlanningHere are companies hiring for Commercial Underwriter and their salaries, click below for more details.
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