What is the average Underwriter salary for Miami, FL?
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As of July 01, 2026, the average Underwriter salary in Miami, FL is $114,645. The chart below represents localized salaries for some of our most popular Underwriter job titles in Miami, FL. Salaries can vary greatly depending on numerous factors, including position, location, years of experience, and level of education. Salary.com’s team of Certified Compensation Professionals analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to compile a range of salaries for various Underwriter job titles in Miami, FL. Apply your personal criteria to one of the job titles below to get your personalized salary estimate.
Underwriter Salaries in Miami, FL
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Underwriter IV | $118,842 | $57.14 | Miami, FL | July 01, 2026 |
| Underwriter I | $64,112 | $30.82 | Miami, FL | July 01, 2026 |
| Underwriter II | $75,852 | $36.47 | Miami, FL | July 01, 2026 |
| Underwriter III | $97,478 | $46.86 | Miami, FL | July 01, 2026 |
| Mortgage Underwriter I | $60,605 | $29.14 | Miami, FL | July 01, 2026 |
| Mortgage Underwriter II | $74,983 | $36.05 | Miami, FL | July 01, 2026 |
| Mortgage Underwriter III | $89,056 | $42.82 | Miami, FL | July 01, 2026 |
| Underwriter I - Life | $59,896 | $28.80 | Miami, FL | July 01, 2026 |
| Underwriter III - Life | $96,779 | $46.53 | Miami, FL | July 01, 2026 |
| Underwriter V | $152,548 | $73.34 | Miami, FL | July 01, 2026 |
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Responsible for reviewing and analyzing risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates renewal rates, and determines appropriate premiums, limits, and coverages. Ensures compliance with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Requires a bachelor's degree. Typically reports to a manager. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience. Underwriter IV Salaries in Miami, FLAlternate Job Titles:Insurance Underwriter IV, Underwriter IVCategory : Insurance
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Responsible for reviewing and analyzing risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates renewal rates, and determines appropriate premiums, limits, and coverages. Ensures compliance with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. Underwriter I Salaries in Miami, FLAlternate Job Titles:Insurance Underwriter I, Underwriter ICategory : Insurance
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Responsible for reviewing and analyzing risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates renewal rates, and determines appropriate premiums, limits, and coverages. Ensures compliance with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. Underwriter II Salaries in Miami, FLAlternate Job Titles:Insurance Underwriter II, Underwriter IICategory : Insurance
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Responsible for reviewing and analyzing risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates renewal rates, and determines appropriate premiums, limits, and coverages. Ensures compliance with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Requires a bachelor's degree. Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. Underwriter III Salaries in Miami, FLAlternate Job Titles:Insurance Underwriter III, Underwriter IIICategory : Insurance
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Evaluates the risk of mortgage loan applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and property appraisal. Calculates LTV ratio (loan to value) to define the loan program eligibility, down payment, interest rate, repayment terms, and allowed loan amounts. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. Complies with all federal regulations, state laws, and internal policies related to mortgage lending. Escalates non-conforming loans that require approval review using an exception process. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. Mortgage Underwriter I Salaries in Miami, FLAlternate Job Titles:Entry Mortgage Underwriter, Mortgage Underwriter I
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Evaluates the risk of mortgage loan applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and property appraisal. Calculates LTV ratio (loan to value) to define the loan program eligibility, down payment, interest rate, repayment terms, and allowed loan amounts. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. Complies with all federal regulations, state laws, and internal policies related to mortgage lending. Escalates non-conforming loans that require approval review using an exception process. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. Mortgage Underwriter II Salaries in Miami, FLAlternate Job Titles:Intermediate Mortgage Underwriter, Mortgage Underwriter II
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Evaluates the risk of mortgage loan applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and property appraisal. Calculates LTV ratio (loan to value) to define the loan program eligibility, down payment, interest rate, repayment terms, and allowed loan amounts. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. Complies with all federal regulations, state laws, and internal policies related to mortgage lending. Escalates non-conforming loans that require approval review using an exception process. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. Mortgage Underwriter III Salaries in Miami, FLAlternate Job Titles:Senior Mortgage Underwriter, Mortgage Underwriter III
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Responsible for reviewing and analyzing life insurance applications. Evaluates an applicant's medical history, physical condition, occupational hazards, and other information to accept, modify, or decline an application. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates rates and premiums from approved decrement tables. Ensures compliance with all industry and governmental regulations. Requires a bachelor's degree. May require Chartered Life Underwriter (CLU) certification. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. Underwriter I - Life Salaries in Miami, FLAlternate Job Titles:Entry Underwriter (Life), Life Insurance Underwriter I, Underwriter (Life) I, Underwriter I - Life
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Responsible for reviewing and analyzing life insurance applications. Evaluates an applicant's medical history, physical condition, occupational hazards, and other information to accept, modify, or decline an application. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates rates and premiums from approved decrement tables. Ensures compliance with all industry and governmental regulations. Requires a bachelor's degree. May require Chartered Life Underwriter (CLU) certification. Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. Underwriter III - Life Salaries in Miami, FLAlternate Job Titles:Life Insurance Underwriter III, Senior Underwriter (Life), Underwriter (Life) III, Underwriter III - LifeCategory : Insurance
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Responsible for reviewing and analyzing risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates renewal rates, and determines appropriate premiums, limits, and coverages. Ensures compliance with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Requires a bachelor's degree. Typically reports to a manager. Works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ years of related experience. Underwriter V Salaries in Miami, FLAlternate Job Titles:Insurance Underwriter V, Underwriter VCategory : Insurance