Insurance Underwriter Salary in Denver, Colorado

How much does an Insurance Underwriter make in Denver, CO?

As of May 01, 2025, the average annual salary for an Insurance Underwriter in Denver, CO is $64,874. Salary.com reports that pay typically ranges from $57,972 to $73,666, with most professionals earning between $51,688 and $81,671.

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Salary range for an Insurance Underwriter

$57,972 to $73,666

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Insurance Underwriter

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Job Openings for Insurance Underwriter in Denver, CO

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

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Insurance Underwriter Salary By Experience Levels in Denver, CO

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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 Denver, CO

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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 Denver, CO

Average Base Salary

Core compensation

57972

73666

64874

Average Total Cash Compensation

Includes base and annual incentives

59801

77492

67388

What is the average salary for Insurance Underwriter in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Underwriter in Denver, CO. The base salary for Insurance Underwriter ranges from $57,972 to $73,666 with the average base salary of $64,874. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $59,801 to $77,492 with the average total cash compensation of $67,388.

View Average Salary for Insurance Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$64,874	$57,972 - $73,666
Bonus	$2,513	$1,829 - $3,826
Total Pay	$67,388	$59,801 - $77,492

* 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 Denver, CO

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Denver, CO
CITY, STATE Westminster, CO	AVERAGE SALARY RANGE $57,972 - $73,666	COMPARE TO Denver, CO 0%
CITY, STATE Aurora, CO	AVERAGE SALARY RANGE $57,932 - $73,616	COMPARE TO Denver, CO
CITY, STATE Arvada, CO	AVERAGE SALARY RANGE $57,972 - $73,666	COMPARE TO Denver, CO 0%
CITY, STATE Broomfield, CO	AVERAGE SALARY RANGE $58,654 - $74,533	COMPARE TO Denver, CO
CITY, STATE Castle Rock, CO	AVERAGE SALARY RANGE $56,966 - $72,387	COMPARE TO Denver, CO
CITY, STATE Boulder, CO	AVERAGE SALARY RANGE $59,678 - $75,834	COMPARE TO Denver, CO

See salaries for Insurance Underwriter in locations close to Denver, CO. 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 Denver, Colorado

Denver is in the center of the Front Range Urban Corridor, between the Rocky Mountains to the west and the High Plains to the east. Denver's topography consists of plains in the city center with hilly areas to the north, west and south. According to the United States Census Bureau the city has a total area of 155 square miles (401 km2), of which 153 square miles (396 km2) is land and 1.6 square miles (4.1 km2) (1.1%) is water. The City and County of Denver is surrounded by only three other counties: Adams County to the north and east, Arapahoe County to the south and east, and Jefferson County...

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

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