Underwriter I Salary in the United States

How much does an Underwriter I make in the United States? The average Underwriter I salary in the United States is $59,348 as of May 25, 2023, but the range typically falls between $53,010 and $67,346. 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.  View the Cost of Living in Major Cities

Job Description

Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. 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. (Copyright 2023 Salary.com)

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Average Base Salary

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53010
67346
59348

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
54646
70767
61578
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter I in the United States. The base salary for Underwriter I ranges from $53,010 to $67,346 with the average base salary of $59,348. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $54,646 to $70,767 with the average total cash compensation of $61,578.
Similar Job Titles:
Loan Underwriter I, Mortgage Underwriter I, Mortgage Underwriter II, Mortgage Underwriter III, Underwriter (Life) I
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53010
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Career Path for this job

  1. This Job:

    Underwriter I

    0 - 2 years experience
    Bachelor's Degree

  2. Up a level:

    Underwriter II

    2 - 4 years experience
    Bachelor's Degree

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