Insurance Underwriter Salary in Chicago, IL

Change City

How much does an Insurance Underwriter make in Chicago, IL? The average Insurance Underwriter salary in Chicago, IL is $64,659 as of March 26, 2024, but the salary range typically falls between $57,788 and $73,420. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

Search Insurance Underwriter Jobs in Chicago, IL

Develop a Job description

Pay Equity

Salary range for an Insurance Underwriter

$57,788 to $73,420

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Insurance Underwriter Salary:
Select State
Select City in IL
Choose Similar Job
Pick Related Category
View Cost of Living in Chicago, Illinois

For Employees

Get a Salary Increase

Analyze the market and your qualifications to negotiate your salary with confidence.

Search Job Openings

Search thousands of open positions to find your next opportunity.

For Employers

Adjust Employee Salary

Individualize employee pay based on unique job requirements and personal qualifications.

Price My Industry Jobs

Get the latest market price for benchmark jobs and jobs in your industry.

Insurance Underwriter

Review the job openings and experience requirements for the Insurance Underwriter job to confirm that it is the job you are seeking.

See user submitted job responsibilities for Insurance Underwriter.

Search Insurance Underwriter Job Openings

Job Openings for Insurance Underwriter in Chicago, IL

Insurance Underwriter | Construction (26345)

Dahl Consulting - Pasadena , CA

This company is hiring an Insurance Underwriter for a permanent position! Interested? Get more details below. * Worksite Location: Pasadena, CA * Salary -Dependent on experience, 90-120k Insurance ...

LinkedIn - 22 days ago

Commercial Insurance Underwriter - Kansas City, MO (REMOTE)

Safesite and Foresight Insurance - Kansas City , MO

Foresight Risk and Insurance Services, Inc. ("Foresight") is looking for a Commercial Insurance Underwriter with construction experience based on the East Coast. We are seeking all levels of ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 16 days ago

Commercial Insurance Underwriter-E&S

Jencap - Phoenix , AZ

The Underwriter will work a hybrid schedule in our Phoenix office. They will manage a book of business and service, rate and write specialty commercial insurance policies in support of our Commercial ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 23 days ago

Property & Casualty Insurance Underwriter - Experienced

DB Insurance - Anaheim , CA

Currently, we are seeking recent college graduate to seasoned underwriting professional. If you are seeking Challenge, Opportunity, Teamwork, Integrity, Dedication and Royalty. DB Insurance is the ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 37 days ago

Underwriter Trainee Program: Associate Underwriter

WCF Insurance - Sandy , UT

Responsibilities The Underwriter Trainee Program provides an opportunity for a participant to go ... WCF Insurance will pay the AINS testing fees. WCF INSURANCE DE&I MISSION Promote and embrace a ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 7 days ago

Trainee to Senior Underwriter

First Insurance Company of Hawaii - Honolulu , HI

At First Insurance Company of Hawaii, we meet challenges and opportunities creatively and ... Experience working with Hawaii Agency Plant Underwriter II (along with the above qualifications ...

LinkedIn - 8 days ago

What does an Insurance Underwriter do?

Common responsibilities of an Insurance Underwriter

Assists Director of Underwriting on overseeing workloads and managing turnaround times within the department.

December 08, 2022

Develops on-going relationships with agents, monitor profitability and quality of submissions along with the marketing team to keep agent up-to-date with underwriting and/or product changes, efficiently and profitably.

January 11, 2023

Provide positive and ongoing communication with field personnel, assisting with product and coverage information, risk placement, risk mitigation, profitability, and loss ratio analysis.

February 04, 2023

Actively participates in continuous improvement by fully engaging in meetings, generating suggestions, following appropriate procedures and continuous process improvement work principles, participating in problem solving activities, and utilizing continuous improvement tools to support the work of the team.

February 19, 2023

Prepare commercial title binders, policies and any related endorsements and correspondence.

February 25, 2023

Communicates with agents on underwriting issues including, but not limited to, decisions on cancellations, declinations, exposure concerns, and survey results.

March 20, 2023

Participate in business development/referral programs which contribute to the overall profitability of the company.

April 29, 2023

Review inspection reports and compare to the conditions that were represented to us at the time of binding and take appropriate or needed actions as directed by your Team Leader.

April 30, 2023

Demonstrate success in the marketing and sales of intangibles, negotiating, building strong relationships with customers, and providing exceptional customer service.

May 08, 2023

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Insurance Underwriter Salary By Experience Levels in Chicago, IL

How much should you be earning in Insurance Underwriter in Chicago, IL based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Insurance Underwriter in Chicago, IL

RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Insurance Underwriter Salary By Level of Education in Chicago, IL

Do you know how much should you be paid for an Insurance Underwriter position in Chicago, IL based on your education level?

Tell us about your education and see an estimate of earnings for Insurance Underwriter in Chicago, IL and well to know the impact of education on future careers.

LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Insurance Underwriter in Chicago, IL

Average Base Salary

Core compensation

57788

73420

64659

Average Total Cash Compensation

Includes base and annual incentives

59611

77226

67165

What is the average salary for Insurance Underwriter in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Underwriter in Chicago, IL. The base salary for Insurance Underwriter ranges from $57,788 to $73,420 with the average base salary of $64,659. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $59,611 to $77,226 with the average total cash compensation of $67,165.

View Average Salary for Insurance Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$64,659	$57,788 - $73,420
Bonus	$2,506	$1,824 - $3,806
Total Pay	$67,165	$59,611 - $77,226

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Insurance Underwriter Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $58,113 - $73,833	COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $58,113 - $73,833	COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $58,047 - $73,749	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $58,091 - $73,805	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $58,091 - $73,805	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $56,790 - $72,152	COMPARE TO Chicago, IL

See salaries for Insurance Underwriter in locations close to Chicago, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Insurance Underwriter in Chicago, IL

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Health Insurance Underwriter	LOCATION Chicago, IL	MINIMUM SALARY $62,800	MAXIMUM SALARY $76,000
JOB TITLE Insurance Underwriter I	LOCATION Chicago, IL	MINIMUM SALARY $57,180	MAXIMUM SALARY $72,650
JOB TITLE Insurance Underwriter II	LOCATION Chicago, IL	MINIMUM SALARY $68,500	MAXIMUM SALARY $88,200
JOB TITLE Insurance Underwriter III	LOCATION Chicago, IL	MINIMUM SALARY $88,100	MAXIMUM SALARY $113,800
JOB TITLE Insurance Underwriter IV	LOCATION Chicago, IL	MINIMUM SALARY $102,000	MAXIMUM SALARY $136,600
JOB TITLE Insurance Underwriter V	LOCATION Chicago, IL	MINIMUM SALARY $129,600	MAXIMUM SALARY $180,300

The Insurance Underwriter job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Chicago, IL that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

57788

73420

About Chicago, Illinois Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois area prices were up 0.8% from a year ago

Insurance Underwriter Salary in popular cities: Aurora, Rockford, Joliet

Recently searched related titles: Acute Dialysis Technician, Entry Level Underwriter, Business Banking Underwriter

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

Jobs with a similar salary range to Insurance Underwriter : Paper Conservator, Pediatric Dialysis Nurse, Aerotek Account Manager