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Junior underwriter salary
Average junior underwriter salary
$51,782
Understanding Junior Underwriter Salaries
The average salary for a junior underwriter stands at $51,782 annually or about $25 per hour. This figure represents the starting point for many professionals in the insurance sector, where job roles can significantly vary based on experience, specialization, and location.
In terms of geographic distribution, certain states offer higher salaries due to demand and cost of living adjustments. For instance, states like New York and California typically present higher salary ranges for junior underwriters. Additionally, industry experience plays a pivotal role in salary progression; junior underwriters can expect salary increases as they gain expertise in risk assessment and underwriting processes.
Moreover, opportunities for career growth in underwriting are promising. Junior underwriters who demonstrate strong analytical skills and attention to detail may advance to senior underwriting positions, leading to increased salaries and responsibilities. Seeking professional development through certifications and training can also enhance job prospects and earning potential in this field.
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Where can a Junior Underwriter earn more?
Junior underwriter salary estimates from across the web
Average junior underwriter salary by state
The highest-paying states for junior underwriters are New York, New Jersey, and Maryland. The lowest average junior underwriter salary states are Tennessee, Indiana, and Utah.
- State view
- County view
Highest paying states for junior underwriters
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Maryland | $65,548 | $31.51 |
| 2 | Rhode Island | $63,383 | $30.47 |
| 3 | Delaware | $63,703 | $30.63 |
| 4 | New York | $70,019 | $33.66 |
| 5 | South Dakota | $58,727 | $28.23 |
| 6 | Maine | $59,479 | $28.60 |
| 7 | New Jersey | $66,189 | $31.82 |
| 8 | New Mexico | $65,055 | $31.28 |
| 9 | North Carolina | $58,524 | $28.14 |
| 10 | District of Columbia | $60,260 | $28.97 |
| 11 | Wyoming | $52,399 | $25.19 |
| 12 | Connecticut | $58,831 | $28.28 |
| 13 | Arkansas | $59,981 | $28.84 |
| 14 | Michigan | $53,790 | $25.86 |
| 15 | Vermont | $55,627 | $26.74 |
| 16 | California | $58,595 | $28.17 |
| 17 | Washington | $56,914 | $27.36 |
| 18 | Massachusetts | $60,939 | $29.30 |
| 19 | Oregon | $53,846 | $25.89 |
| 20 | Ohio | $51,282 | $24.65 |
| 21 | Colorado | $51,622 | $24.82 |
| 22 | New Hampshire | $55,397 | $26.63 |
| 23 | North Dakota | $48,608 | $23.37 |
| 24 | Pennsylvania | $51,140 | $24.59 |
| 25 | Kansas | $47,918 | $23.04 |
| 26 | West Virginia | $51,523 | $24.77 |
| 27 | Arizona | $47,032 | $22.61 |
| 28 | Kentucky | $48,160 | $23.15 |
| 29 | Virginia | $49,309 | $23.71 |
| 30 | Florida | $49,510 | $23.80 |
| 31 | Nebraska | $48,960 | $23.54 |
| 32 | Illinois | $47,712 | $22.94 |
| 33 | Texas | $47,348 | $22.76 |
| 34 | Oklahoma | $49,187 | $23.65 |
| 35 | Montana | $50,250 | $24.16 |
| 36 | Nevada | $45,678 | $21.96 |
| 37 | South Carolina | $49,200 | $23.65 |
| 38 | Hawaii | $51,704 | $24.86 |
| 39 | Minnesota | $48,538 | $23.34 |
| 40 | Missouri | $47,214 | $22.70 |
| 41 | Utah | $41,098 | $19.76 |
| 42 | Idaho | $42,890 | $20.62 |
| 43 | Wisconsin | $46,023 | $22.13 |
| 44 | Iowa | $43,828 | $21.07 |
| 45 | Louisiana | $44,258 | $21.28 |
| 46 | Tennessee | $42,683 | $20.52 |
| 47 | Alabama | $38,416 | $18.47 |
| 48 | Georgia | $43,316 | $20.82 |
| 49 | Indiana | $41,608 | $20.00 |
| 50 | Alaska | $39,757 | $19.11 |
| 51 | Mississippi | $37,932 | $18.24 |
Highest paying cities for junior underwriters
The highest-paying cities for junior underwriters are Hicksville, NY, New Brunswick, NJ, and Owings Mills, MD.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Hicksville, NY | $70,364 | $33.83 |
| 2 | New Brunswick, NJ | $66,225 | $31.84 |
| 3 | Owings Mills, MD | $65,954 | $31.71 |
| 4 | Santa Rosa, CA | $63,886 | $30.71 |
| 5 | Boston, MA | $60,932 | $29.29 |
| 6 | Colorado Springs, CO | $52,045 | $25.02 |
| 7 | Allentown, PA | $51,637 | $24.83 |
| 8 | Jacksonville, FL | $50,113 | $24.09 |
| 9 | Oklahoma City, OK | $49,304 | $23.70 |
| 10 | Cincinnati, OH | $48,126 | $23.14 |
| 11 | Overland Park, KS | $47,974 | $23.06 |
| 12 | Schaumburg, IL | $47,886 | $23.02 |
| 13 | Fort Worth, TX | $47,419 | $22.80 |
| 14 | Tempe, AZ | $47,022 | $22.61 |
| 15 | Sun Prairie, WI | $45,385 | $21.82 |
| 16 | New Orleans, LA | $43,913 | $21.11 |
| 17 | Atlanta, GA | $43,509 | $20.92 |
| 18 | Jackson, MS | $38,158 | $18.35 |
Junior underwriter salary details
A junior underwriter's salary ranges from $34,000 a year at the 10th percentile to $77,000 at the 90th percentile.
What is a junior underwriter's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $77,000 | $6,417 | $37 |
| 75th Percentile | $63,000 | $5,250 | $30 |
| Average | $51,782 | $4,315 | $25 |
| 25th Percentile | $41,000 | $3,417 | $20 |
| 10th Percentile | $34,000 | $2,833 | $16 |
Highest paying junior underwriter jobs
The highest paying types of junior underwriters are bank officer, commercial loan officer, and personal lines underwriter.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Loan Administrator | $42,859 | $3,572 | $20.61 | 63,708 |
| Loan Originator | $41,291 | $3,441 | $19.85 | 10,716 |
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Loan Officer | $45,817 | $3,818 | $22.03 | 63,663 |
| Loan Analyst | $37,857 | $3,155 | $18.20 | 24,756 |
| Bank Officer | $79,562 | $6,630 | $38.25 | 69,880 |
Top companies hiring junior underwriters now:
Which companies pay junior underwriters the most?
Junior underwriter salaries at Chubb and Beyond are the highest-paying according to our most recent salary estimates. In addition, the average junior underwriter salary at companies like Zurich and The Judge Group are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Chubb | $83,528 | $40.16 |
| 2 | Beyond | $77,586 | $37.30 |
| 3 | Zurich | $74,479 | $35.81 |
| 4 | The Judge Group | $70,513 | $33.90 |
| 5 | Confie | $68,616 | $32.99 |
| 6 | Marsh & McLennan Companies | $60,142 | $28.91 |
| 7 | Shift4 | $56,820 | $27.32 |
| 8 | Jobot | $56,017 | $26.93 |
| 9 | Randstad North America, Inc. | $54,212 | $26.06 |
| 10 | Grandbridge Real Estate Capital | $53,641 | $25.79 |
| 11 | Allianz Life | $53,127 | $25.54 |
| 12 | Freedom Mortgage | $52,785 | $25.38 |
| 13 | Robert Half | $51,556 | $24.79 |
| 14 | New York Community Bank | $49,249 | $23.68 |
| 15 | Luther Burbank Savings | $47,910 | $23.03 |
| 16 | QBE Insurance Group | $47,885 | $23.02 |
| 17 | Ent Credit Union | $47,373 | $22.78 |
| 18 | PRMG | $46,325 | $22.27 |
| 19 | Summit Funding | $44,652 | $21.47 |
Wage gap by gender, race and education
Junior underwriter salary trends
The average junior underwriter salary has risen by $4,801 over the last ten years. In 2014, the average junior underwriter earned $46,981 annually, but today, they earn $51,782 a year. That works out to a 0% change in pay for junior underwriters over the last decade.
Compare junior underwriter salaries for cities or states with the national average over time.
Average junior underwriter salary over time
Compare junior underwriter salaries for individual cities or states with the national average.
Junior underwriter salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $51,800 | $24.90 | +1.1% |
| 2025 | $51,200 | $24.63 | +0.4% |
| 2024 | $51,000 | $24.54 | -2.6% |
| 2023 | $52,300 | $25.17 | +1.6% |
| 2022 | $51,500 | $24.77 | +0.3% |
Recently added junior underwriter salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Get It-Finance | JR Asset Underwriter | Los Angeles, CA | 06/10/2025 | $58,436 |
| United Auto Credit Corporation | Junior Underwriter | Newport Beach, CA | 06/09/2025 | $39,653 |
| Harrison Gray Search | Junior Production Underwriter | Woodbury, NY | 05/30/2025 | $90,000 |
| United Auto Credit Corporation | Junior Underwriter | Newport Beach, CA | 05/03/2025 | $39,653 |
| Hub International | Junior Underwriter, Insurance | Frisco, TX | 04/28/2025 | $50,000 |
| Payarc LLC | JR. Underwriter | Greenwich, CT | 04/28/2025 | $120,000 |
| Zurich Na | Construction Casualty Underwriter Junior | Boston, MA | 04/19/2025 | $94,000 |
| Payarc | JR. Underwriter | Greenwich, CT | 04/13/2025 | $120,000 |
| Specialty Program Group | Junior Underwriter, Insurance | Frisco, TX | 04/07/2025 | $50,000 |
| Sirius International Insurance Group, Ltd. | JR. Underwriter-Casualty | New York, NY | 03/29/2025 | $120,000 |
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