2024 Salary Data

Insurance Underwriters Salary in Chicago-Naperville-Elgin, IL-IN

Insurance Underwriterss in Chicago-Naperville-Elgin, IL-IN earn a median salary of $98,860 per year, which is 23.8% higher than the national median.

Median Salary

$98,860

↑23.8%vs national

Entry Level

$60,490

10th percentile

Experienced

$160,620

90th percentile

Employed

4,620

in Chicago-Naperville-Elgin, IL-IN

Salary Distribution

Shows salary range from entry-level (10th percentile) to top earners (90th percentile)

How Much Do Insurance Underwriterss Make in Chicago-Naperville-Elgin, IL-IN?

According to the Bureau of Labor Statistics, Insurance Underwriterss in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn a median annual salary of $98,860. The salary range varies significantly based on experience, with entry-level positions starting around $60,490 and experienced professionals earning up to $160,620 or more.

Entry Level

0-2 years experience

$60,490 - $77,880

Mid Career

2-8 years experience

$77,880 - $129,400

Senior Level

8+ years experience

$129,400 - $160,620

Chicago-Naperville-Elgin, IL-IN vs National Average

Chicago-Naperville-Elgin, IL-IN$98,860

National Average$79,880

Insurance Underwriterss in Chicago-Naperville-Elgin, IL-IN earn 23.8% more than the national median of $79,880.

Quick Facts

Occupation: Insurance Underwriters
SOC Code: 132053
Location: Chicago-Naperville-Elgin, IL-IN
Data Year: 2024
Total Employed: 4,620

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Frequently Asked Questions

What is the average salary for a Insurance Underwriters in Chicago-Naperville-Elgin, IL-IN?

The median annual salary for Insurance Underwriters in Chicago-Naperville-Elgin, IL-IN is $98,860, according to Bureau of Labor Statistics data from 2024. This is 23.8% higher than the national median.

What is the starting salary for Insurance Underwriters in Chicago-Naperville-Elgin, IL-IN?

Entry-level Insurance Underwriters positions in Chicago-Naperville-Elgin, IL-IN typically start around $60,490 to $77,880 annually (10th to 25th percentile).

How much can experienced Insurance Underwriterss make in Chicago-Naperville-Elgin, IL-IN?

Experienced Insurance Underwriterss in Chicago-Naperville-Elgin, IL-IN can earn $129,400 to $160,620 annually (75th to 90th percentile).

How does Insurance Underwriters salary in Chicago-Naperville-Elgin, IL-IN compare to the national average?

Insurance Underwriterss in Chicago-Naperville-Elgin, IL-IN earn 23.8% more than the national median of $79,880.

Explore More

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