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Underwriting associate salary
Average underwriting associate salary
$47,503
Understanding Underwriting Associate Salaries
As of October 2025, the average Underwriting Associate salary is $47,503 annually. This figure reflects a range of experience levels and geographical locations, which can significantly influence compensation. For instance, states like California and New York often offer higher salaries compared to other regions.
Job responsibilities for underwriting associates include evaluating insurance applications, assessing risk, and determining coverage amounts. Those with more experience tend to earn higher salaries, often exceeding the average by a significant margin. In addition, pursuing specialization in certain sectors, such as health or commercial insurance, may lead to increased earning potential.
Salary Insights by State
Analyzing salaries by state reveals that certain areas consistently provide better compensation packages. For example, states with a higher demand for underwriting professionals, such as Texas and Florida, typically offer salaries above the national average. Understanding these trends can guide job seekers in identifying optimal locations for career advancement.
In conclusion, aspiring underwriting associates should consider both geographical factors and experience levels when evaluating potential job offers. Utilizing platforms like Zippia can aid in finding competitive job opportunities that align with salary expectations.
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Where can an Underwriting Associate earn more?
Underwriting associate salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level underwriting associate | $27,400 | $13.17 |
| Mid-level underwriting associate | $46,300 | $22.27 |
| Senior-level underwriting associate | $80,700 | $38.78 |
Underwriting associate salary estimates from across the web
Average underwriting associate salary by state
The highest-paying states for underwriting associates are Massachusetts, New York, and Connecticut. The lowest average underwriting associate salary states are Wyoming, Louisiana, and Arkansas.
- State view
- County view
Highest paying states for underwriting associates
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $64,777 | $31.14 |
| 2 | Connecticut | $61,320 | $29.48 |
| 3 | Illinois | $52,582 | $25.28 |
| 4 | Ohio | $51,104 | $24.57 |
| 5 | Delaware | $52,942 | $25.45 |
| 6 | Maine | $49,023 | $23.57 |
| 7 | Massachusetts | $69,955 | $33.63 |
| 8 | North Dakota | $47,470 | $22.82 |
| 9 | Pennsylvania | $52,389 | $25.19 |
| 10 | Arizona | $47,835 | $23.00 |
| 11 | New Jersey | $54,448 | $26.18 |
| 12 | Kansas | $46,566 | $22.39 |
| 13 | Indiana | $48,715 | $23.42 |
| 14 | New Hampshire | $54,930 | $26.41 |
| 15 | North Carolina | $47,332 | $22.76 |
| 16 | Michigan | $45,268 | $21.76 |
| 17 | Washington | $49,778 | $23.93 |
| 18 | South Dakota | $43,455 | $20.89 |
| 19 | Rhode Island | $48,376 | $23.26 |
| 20 | Colorado | $45,818 | $22.03 |
| 21 | District of Columbia | $55,349 | $26.61 |
| 22 | Vermont | $47,110 | $22.65 |
| 23 | Wisconsin | $47,452 | $22.81 |
| 24 | California | $49,572 | $23.83 |
| 25 | Georgia | $47,473 | $22.82 |
| 26 | Texas | $43,626 | $20.97 |
| 27 | Minnesota | $44,401 | $21.35 |
| 28 | Nevada | $42,303 | $20.34 |
| 29 | Iowa | $42,019 | $20.20 |
| 30 | Florida | $43,558 | $20.94 |
| 31 | Montana | $43,225 | $20.78 |
| 32 | Wyoming | $38,732 | $18.62 |
| 33 | Hawaii | $44,793 | $21.54 |
| 34 | Kentucky | $40,606 | $19.52 |
| 35 | Missouri | $42,093 | $20.24 |
| 36 | Idaho | $40,172 | $19.31 |
| 37 | Utah | $39,044 | $18.77 |
| 38 | Oklahoma | $41,957 | $20.17 |
| 39 | Nebraska | $39,325 | $18.91 |
| 40 | West Virginia | $40,490 | $19.47 |
| 41 | Alaska | $42,276 | $20.32 |
| 42 | Oregon | $42,093 | $20.24 |
| 43 | Tennessee | $40,131 | $19.29 |
| 44 | Maryland | $42,668 | $20.51 |
| 45 | New Mexico | $40,503 | $19.47 |
| 46 | Virginia | $41,839 | $20.11 |
| 47 | Louisiana | $37,788 | $18.17 |
| 48 | Mississippi | $36,497 | $17.55 |
| 49 | South Carolina | $36,940 | $17.76 |
| 50 | Alabama | $36,816 | $17.70 |
| 51 | Arkansas | $37,181 | $17.88 |
Highest paying cities for underwriting associates
The highest-paying cities for underwriting associates are Boston, MA, New York, NY, and Hartford, CT.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Boston, MA | $69,964 | $33.64 |
| 2 | New York, NY | $64,932 | $31.22 |
| 3 | Hartford, CT | $61,307 | $29.47 |
| 4 | Washington, DC | $55,334 | $26.60 |
| 5 | Wilkes-Barre, PA | $53,177 | $25.57 |
| 6 | Chicago, IL | $52,766 | $25.37 |
| 7 | San Francisco, CA | $51,256 | $24.64 |
| 8 | Columbus, OH | $50,789 | $24.42 |
| 9 | Seattle, WA | $49,947 | $24.01 |
| 10 | Fort Wayne, IN | $49,571 | $23.83 |
| 11 | Alpharetta, GA | $47,936 | $23.05 |
| 12 | Phoenix, AZ | $47,882 | $23.02 |
| 13 | Madison, WI | $47,187 | $22.69 |
| 14 | Charlotte, NC | $46,431 | $22.32 |
| 15 | Centennial, CO | $45,851 | $22.04 |
| 16 | Saint Paul, MN | $44,445 | $21.37 |
| 17 | Tampa, FL | $43,943 | $21.13 |
| 18 | Dallas, TX | $43,934 | $21.12 |
| 19 | Sioux Falls, SD | $43,917 | $21.11 |
| 20 | McLean, VA | $43,045 | $20.69 |
Underwriting associate salary details
An underwriting associate's salary ranges from $30,000 a year at the 10th percentile to $74,000 at the 90th percentile.
What is an underwriting associate's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $74,000 | $6,167 | $36 |
| 75th Percentile | $60,000 | $5,000 | $29 |
| Average | $47,503 | $3,959 | $23 |
| 25th Percentile | $37,000 | $3,083 | $18 |
| 10th Percentile | $30,000 | $2,500 | $14 |
Highest paying underwriting associate jobs
The highest paying types of underwriting associates are health underwriter, life underwriter, and bond underwriter.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Insurance Analyst | $55,424 | $4,619 | $26.65 | 44,280 |
| Commercial Lines Underwriter | $67,892 | $5,658 | $32.64 | 33,047 |
| Personal Lines Underwriter | $69,706 | $5,809 | $33.51 | 19,754 |
| Commercial Underwriter | $59,051 | $4,921 | $28.39 | 31,908 |
| Insurance Underwriter | $64,163 | $5,347 | $30.85 | 39,026 |
| Property Underwriter | $71,730 | $5,978 | $34.49 | 11,643 |
Top companies hiring underwriting associates now:
Which companies pay underwriting associates the most?
Underwriting associate salaries at Goldman Sachs and BGC Partners are the highest-paying according to our most recent salary estimates. In addition, the average underwriting associate salary at companies like DTCC and Berkshire Hathaway are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Goldman Sachs | $92,861 | $44.64 |
| 2 | BGC Partners | $91,396 | $43.94 |
| 3 | DTCC | $89,051 | $42.81 |
| 4 | Berkshire Hathaway | $85,432 | $41.07 |
| 5 | Lemonade | $81,560 | $39.21 |
| 6 | AIG | $80,506 | $38.70 |
| 7 | CVS Health | $77,950 | $37.48 |
| 8 | W. R. Berkley | $68,520 | $32.94 |
| 9 | Sumitomo Mitsui Financial Group | $67,813 | $32.60 |
| 10 | JPMorgan Chase & Co. | $67,415 | $32.41 |
| 11 | Markel | $65,513 | $31.50 |
| 12 | South Bay Construction | $64,713 | $31.11 |
| 13 | Chubb | $63,952 | $30.75 |
| 14 | Aetna | $63,738 | $30.64 |
| 15 | BERKLEY TECHNOLOGY SERVICES | $56,570 | $27.20 |
| 16 | Distinguished Programs | $56,315 | $27.07 |
| 17 | Highmark | $54,676 | $26.29 |
| 18 | NFP Ventures | $54,047 | $25.98 |
| 19 | USI Insurance Services | $53,712 | $25.82 |
| 20 | Delta Dental Ins | $53,256 | $25.60 |
Wage gap by gender, race and education
Underwriting associate salary trends
The average underwriting associate salary has risen by $7,252 over the last ten years. In 2014, the average underwriting associate earned $40,251 annually, but today, they earn $47,503 a year. That works out to a 6% change in pay for underwriting associates over the last decade.
Compare underwriting associate salaries for cities or states with the national average over time.
Average underwriting associate salary over time
Compare underwriting associate salaries for individual cities or states with the national average.
Underwriting associate salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $47,500 | $22.84 | +2.5% |
| 2025 | $46,300 | $22.27 | +0.9% |
| 2024 | $45,900 | $22.07 | -0.5% |
| 2023 | $46,200 | $22.19 | +3.0% |
| 2022 | $44,800 | $21.53 | +3.9% |
Recently added underwriting associate salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Horace Mann | Supplemental Associate Underwriter | Addison, TX | 06/29/2025 | $46,561 |
| Cfins | Associate Underwriter-Energy-Remote | Houston, TX | 06/29/2025 | $39,800 |
| Intact Insurance | Underwriting Associate-Specialty Property (Hybrid/Remote) | Overland Park, KS | 06/28/2025 | $76,000 |
| Intact Specialty Solutions | Underwriting Associate-Specialty Property (Hybrid/Remote) | Dallas, TX | 06/28/2025 | $76,000 |
| Intact Insurance | Underwriting Associate-Specialty Property (Hybrid/Remote) | Dallas, TX | 06/28/2025 | $76,000 |
| Chubb | Chubb Associate-Underwriter | New York, NY | 06/27/2025 | $60,000 |
| California Capital Insurance | Associate Underwriter | Roseville, CA | 06/27/2025 | $46,918 |
| Hub International | Associate Underwriter | Burbank, CA | 06/26/2025 | $65,000 |
| Capital Insurance Group | Associate Underwriter | Roseville, CA | 06/26/2025 | $46,918 |
| Travelers Indemnity Co | Underwriting Associate Operations Account Specialist-Inland Marine and Excess Casualty Insurance | Dallas, TX | 06/26/2025 | $46,400 |
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