Average Salary
$65,911
Average Salary
Job Growth Rate
10%
Job Growth Rate
Job Openings
38,206
Job Openings

Insurance Underwriter, Sales Careers

Insurance underwriters are the professionals who evaluate and analyze the risks involved in insuring people and assets. They establish pricing for accepted insurable risks. The term "underwriting" means receiving remuneration for the willingness to pay a potential threat. They usually examine insurance proposals and collect background information and assessments of risk.

It would help if you typically had a bachelor's degree in business, finance, or accounting to become an insurance underwriter. However, some companies may hire you without a degree if you have relevant work experience and computer skills.

The graduates who approach this field end up laying claim to annual earnings at $57,527. The current median pay for an insurance underwriter ranges from $55,427 to $62,768 in the U.S. However, this figure can vary significantly depending upon your experience, skills, or organization.

There is more than meets the eye when it comes to being an insurance underwriter, sales. For example, did you know that they make an average of $31.69 an hour? That's $65,911 a year!

Between 2018 and 2028, the career is expected to grow 10% and produce 48,300 job opportunities across the U.S.

What Does an Insurance Underwriter, Sales Do

There are certain skills that many insurance underwriters, sales have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and initiative.

When it comes to the most important skills required to be an insurance underwriter, sales, we found that a lot of resumes listed 14.1% of insurance underwriters, sales included financial services, while 11.9% of resumes included new clients, and 10.8% of resumes included life insurance. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the insurance underwriter, sales job title. But what industry to start with? Most insurance underwriters, sales actually find jobs in the insurance and finance industries.

How To Become an Insurance Underwriter, Sales

If you're interested in becoming an insurance underwriter, sales, one of the first things to consider is how much education you need. We've determined that 55.4% of insurance underwriters, sales have a bachelor's degree. In terms of higher education levels, we found that 8.4% of insurance underwriters, sales have master's degrees. Even though most insurance underwriters, sales have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an insurance underwriter, sales. When we researched the most common majors for an insurance underwriter, sales, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on insurance underwriter, sales resumes include high school diploma degrees or master's degree degrees.

You may find that experience in other jobs will help you become an insurance underwriter, sales. In fact, many insurance underwriter, sales jobs require experience in a role such as customer service representative. Meanwhile, many insurance underwriters, sales also have previous career experience in roles such as sales associate or cashier.

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Average Salary
$65,911
Average Salary
Job Growth Rate
10%
Job Growth Rate
Job Openings
38,206
Job Openings

Insurance Underwriter, Sales Career Paths

Top Careers Before Insurance Underwriter, Sales

Cashier
7.7 %

Top Careers After Insurance Underwriter, Sales

Insurance Underwriter, Sales Jobs You Might Like

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Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Insurance Underwriter, Sales

Insurance Underwriters, Sales in America make an average salary of $65,911 per year or $32 per hour. The top 10 percent makes over $98,000 per year, while the bottom 10 percent under $43,000 per year.
Average Salary
$65,911
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Best Paying Cities For Insurance Underwriters, Sales

City
ascdesc
Average Salarydesc
Lancaster, CA
Salary Range46k - 96k$67k$67,032
Eugene, OR
Salary Range47k - 85k$64k$63,864
Grand Island, NE
Salary Range46k - 83k$62k$62,477
Jersey City, NJ
Salary Range41k - 77k$56k$56,484
Daphne, AL
Salary Range37k - 83k$56k$56,020
Syracuse, NY
Salary Range40k - 75k$55k$55,161
Cleveland, OH
Salary Range39k - 74k$54k$54,430
Cape Coral, FL
Salary Range34k - 81k$53k$53,370
Bangor, ME
Salary Range41k - 66k$52k$52,240
Philadelphia, PA
Salary Range37k - 71k$52k$52,070
Galveston, TX
Salary Range33k - 76k$51k$50,849
Hickory, NC
Salary Range35k - 69k$50k$49,881
Collierville, TN
Salary Range34k - 70k$49k$49,318
Elkhart, IN
Salary Range36k - 66k$49k$49,223
Little Rock, AR
Salary Range33k - 68k$48k$47,557
Hattiesburg, MS
Salary Range32k - 70k$47k$47,377
Germantown, MD
Salary Range34k - 64k$47k$47,118
Atlanta, GA
Salary Range31k - 64k$45k$45,294
Alexandria, VA
Salary Range32k - 62k$45k$45,220
Huntington, WV
Salary Range32k - 60k$44k$44,289
$31k
$96k

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Insurance Underwriter, Sales Demographics

Gender

male

56.9 %

female

38.3 %

unknown

4.9 %

Ethnicity

White

70.1 %

Hispanic or Latino

15.3 %

Black or African American

8.1 %

Foreign Languages Spoken

Spanish

65.1 %

French

4.7 %

Dakota

4.7 %
Show More Insurance Underwriter, Sales Demographics

Insurance Underwriter, Sales Education

Majors

Business
34.0 %

Degrees

Bachelors

55.4 %

Associate

18.4 %

High School Diploma

11.7 %

Top Colleges for Insurance Underwriter, Saless

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

3. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

4. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

5. SUNY College at Oswego

Oswego, NY • Private

In-State Tuition
$8,440
Enrollment
7,039

6. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

7. Baylor University

Waco, TX • Private

In-State Tuition
$45,542
Enrollment
14,159

8. University of Louisiana at Lafayette

Lafayette, LA • Private

In-State Tuition
$9,912
Enrollment
14,245

9. Ball State University

Muncie, IN • Private

In-State Tuition
$9,896
Enrollment
15,529

10. Butler University

Indianapolis, IN • Private

In-State Tuition
$41,120
Enrollment
4,553
Show More Insurance Underwriter, Sales Education Requirements

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Top Skills For an Insurance Underwriter, Sales

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 14.1% of insurance underwriters, sales listed financial services on their resume, but soft skills such as analytical skills and communication skills are important as well.

Best States For an Insurance Underwriter, Sales

Some places are better than others when it comes to starting a career as an insurance underwriter, sales. The best states for people in this position are Hawaii, Washington, Wisconsin, and California. Insurance underwriters, sales make the most in Hawaii with an average salary of $86,173. Whereas in Washington and Wisconsin, they would average $74,401 and $69,173, respectively. While insurance underwriters, sales would only make an average of $68,448 in California, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Hawaii

Total Insurance Underwriter, Sales Jobs:
63
Highest 10% Earn:
$116,000
Location Quotient:
1.39
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. North Dakota

Total Insurance Underwriter, Sales Jobs:
88
Highest 10% Earn:
$99,000
Location Quotient:
1.75
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. South Dakota

Total Insurance Underwriter, Sales Jobs:
104
Highest 10% Earn:
$99,000
Location Quotient:
1.79
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Insurance Underwriters, Sales

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Top Insurance Underwriter, Sales Employers

1. State Farm
4.6
Avg. Salary: 
$37,511
Insurance Underwriter, Saless Hired: 
40+
2. Aflac
4.5
Avg. Salary: 
$37,909
Insurance Underwriter, Saless Hired: 
26+
3. Allstate
4.7
Avg. Salary: 
$37,933
Insurance Underwriter, Saless Hired: 
21+
4. American Income Life Insurance ...
4.6
Avg. Salary: 
$38,530
Insurance Underwriter, Saless Hired: 
17+
5. Farmers Insurance Group
4.5
Avg. Salary: 
$37,715
Insurance Underwriter, Saless Hired: 
14+
6. Primerica
4.4
Avg. Salary: 
$45,703
Insurance Underwriter, Saless Hired: 
14+
Updated August 18, 2021