As of April 01, 2025, the average annual salary for an Underwriting Associate in the United States is $51,201. Salary.com reports that pay typically ranges from $47,001 to $56,501, with most professionals earning between $43,177 and $61,326.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $56,501 | $4,708 | $1,087 | $27 |
| Average | $51,201 | $4,267 | $985 | $25 |
| 25th Percentile | $47,001 | $3,917 | $904 | $23 |
An entry-level Underwriting Associate with less than 1 year of experience earns about $50,235. With 1-2 years of experience, the average salary increases to $51,697. For 2-4 years of experience, the pay typically rises to $54,940. Senior-level professionals with 5-8 years of experience earn around $55,414, and those with over 8 years of experience can expect an average of $55,652.
| Levels | Salary |
|---|---|
| Entry Level Underwriting Associate | $50,235 |
| Intermediate Level Underwriting Associate | $51,697 |
| Senior Level Underwriting Associate | $54,940 |
| Specialist Level Underwriting Associate | $55,414 |
| Expert Level Underwriting Associate | $55,652 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 7% |
| Top Level | 8% |
| Experienced | 9% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Underwriting Associate compensation over the past six years. For example, the median salary increased from $60,107 in 2023 to approximately $56,398 in 2024. (For a detailed analysis of Underwriting Associate salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
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Here are companies hiring for Underwriting Associate and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $51,201 | 70.0% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $3,917 | 5.4% | ||
| 401K/403B | $2,406 | 3.3% | ||
| Disability | $410 | 0.6% | ||
| Healthcare | $6,056 | 8.3% | ||
| Pension | $2,816 | 3.9% | ||
| Time Off | $6,302 | 8.6% | ||
| Total Compensation | $73,107 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.3% |
| High School | 30.2% |
| Associates | 15.8% |
| Bachelors | 49.1% |
| Masters | 4.6% |
What Am I Worth?
An Associate Underwriter in California typically earns between $48,001 and $59,701 annually, with a mid-salary of $53,401. This range reflects the varying levels of experience and responsibilities within the role.
The average salary for an Underwriting Associate ranges from $48,001 to $59,701, with a midpoint of $53,401. States like California and Pennsylvania typically offer higher salaries for underwriters, with California averaging around $34 per hour and Pennsylvania about $31.48 per hour, reflecting the competitive nature of the industry in these regions.
The highest paying underwriting jobs include positions like Chief Underwriter, with salaries ranging from $132,500 to $257,000 per year, and Underwriting Director, earning between $100,000 and $168,500 annually. For entry-level roles, an Underwriting Associate typically earns between $48,001 and $59,701, with a mid-salary of $53,401.
An Underwriting Associate in the USA earns an annual salary ranging from $48,001 to $59,701, with a mid-salary of $53,401. This translates to an hourly wage of approximately $23 to $29, depending on experience and location.
An Associate Underwriter evaluates insurance applications, assesses risk, and determines coverage terms. They analyze data, collaborate with agents, and ensure compliance with regulations. The salary for this role typically ranges from $48,001 to $59,701, with a midpoint of $53,401, reflecting the responsibilities and expertise required in the underwriting process.
Titles such as 'Chief Underwriting Officer' (CUO) or 'VP of Underwriting' typically offer the highest salaries, often exceeding $59,701. These roles involve strategic oversight of underwriting policies and risk management, overseeing a broad range of insurance products or services, and typically require extensive experience in the field.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
