Updated Dec 13, 2021

How much does a Commercial Underwriter make?

Updated Dec 13, 2021

Experience

Industry

$84,848 / yrTotal Pay
$69,571 / yrBase Pay
$15,277 / yrAdditional Pay

$84,848

 / yr
$45K$233K
Most Likely Range
Possible Range

The estimated total pay for a Commercial Underwriter is $84,848 per year in the United States area, with an average salary of $69,571 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $15,277 per year. Additional pay could include cash bonus, commission, tips, and profit sharing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.

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Total Pay Trajectory

For Underwriter

$69,480 /yr
Underwriter
$91,976 /yr
Senior Underwriter
$90,700 /yr
Underwriter Iv
See Full Career Path

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Related Job Titles

For Commercial Underwriter

Some related job titles are Commercial Underwriting Assistant Salaries with median pay of $70,020, Insurance Underwriter Salaries with median pay of $65,509, Commercial Credit Underwriter Salaries with median pay of $88,209, Commercial Insurance Underwriter Salaries with median pay of $80,111.

What are total pay estimates for a Commercial Underwriter at different companies?

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Average Base Salary in (USD)

Range

Open Jobs

Auto-Owners Insurance
3.7

Auto-Owners Insurance

Commercial Underwriter

$57,067

 /yr
Range: $42K - $73K

$42K

$73K

$41,540 - $72,933 Range

Nationwide
3.9

Nationwide

Commercial Underwriter

$56,630

 /yr
Range: $48K - $92K

$48K

$92K

$48,268 - $91,958 Range

Acuity Insurance
4.8

Acuity Insurance

Commercial Underwriter

$78,864

 /yr
Range: $60K - $107K

$60K

$107K

$59,975 - $107,133 Range

Farmers Insurance Group
3.7

Farmers Insurance Group

Commercial Underwriter

$75,061

 /yr
Range: $56K - $95K

$56K

$95K

$55,825 - $95,133 Range

Chubb
3.7

Chubb

Commercial Underwriter

$77,687

 /yr
Range: $68K - $114K

$68K

$114K

$68,100 - $114,265 Range

State Farm
3.6

State Farm

Commercial Underwriter

$55,303

 /yr
Range: $45K - $74K

$45K

$74K

$44,555 - $73,775 Range

Travelers
3.9

Travelers

Commercial Underwriter

$78,968

 /yr
Range: $56K - $123K

$56K

$123K

$55,616 - $122,929 Range

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Liberty Mutual Insurance
3.9

Liberty Mutual Insurance

Commercial Underwriter

$76,000

 /yr
Range: $61K - $131K

$61K

$131K

$60,995 - $130,636 Range

Burns & Wilcox
4.1

Burns & Wilcox

Commercial Underwriter

$74,560

 /yr
Range: $52K - $88K

$52K

$88K

$52,298 - $87,592 Range

Comerica
3.8

Comerica

Commercial Underwriter

$63,645

 /yr
Range: $55K - $82K

$55K

$82K

$55,000 - $81,548 Range

The Hartford
4.0

The Hartford

Commercial Underwriter

$73,123

 /yr
Range: $64K - $102K

$64K

$102K

$63,546 - $101,520 Range

EMC Insurance
3.9

EMC Insurance

Commercial Underwriter

$68,948

 /yr
Range: $51K - $95K

$51K

$95K

$50,560 - $94,532 Range

Wells Fargo
3.6

Wells Fargo

Commercial Underwriter

$72,853

 /yr
Range: $45K - $135K

$45K

$135K

$45,141 - $134,847 Range

AmTrust Financial
3.2

AmTrust Financial

Commercial Underwriter

$84,071

 /yr
Range: $68K - $166K

$68K

$166K

$68,315 - $165,855 Range

Capital One
4.2

Capital One

Commercial Underwriter

$108,365

 /yr
Range: $87K - $220K

$87K

$220K

$87,249 - $219,718 Range

PNC Financial Services Group
3.6

PNC Financial Services Group

Commercial Underwriter

$86,111

 /yr
Range: $66K - $142K

$66K

$142K

$65,581 - $141,522 Range

BBVA
3.8

BBVA

Commercial Underwriter

$62,038

 /yr
Range: $55K - $82K

$55K

$82K

$54,562 - $82,061 Range

Bank of America
4.0

Bank of America

Commercial Underwriter

$91,730

 /yr
Range: $67K - $148K

$67K

$148K

$67,111 - $148,355 Range

The Cincinnati Insurance Company
4.0

The Cincinnati Insurance Company

Commercial Underwriter

$63,000

 /yr
Range: $53K - $73K

$53K

$73K

$53,136 - $73,302 Range

AIG
3.7

AIG

Commercial Underwriter

$74,453

 /yr
Range: $67K - $215K

$67K

$215K

$66,915 - $215,470 Range

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Viewing 1 - 10 of 2,471

Recent User Submitted Salaries for Underwriter in United States of America

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$67,000

/yrAvg Base Salary

8 days ago by a Underwriter with more than 15 years of experience

$22

/hrAvg Base Salary

9 days ago by a Underwriter with 10 to 14 years of experience

$22

/hrAvg Base Salary

9 days ago by a Underwriter with 10 to 14 years of experience

$55,000

/yrAvg Base Salary

9 days ago by a Commercial Lines Underwriter with 4 to 6 years of experience

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$19

/hrAvg Base Salary

9 days ago by a Field Underwriter with less than one year of experience

$65,000

/yrAvg Base Salary

9 days ago by a Mortgage Underwriter with 1 to 3 years of experience

$95,000

/yrAvg Base Salary
Cash Bonus$8,000/yr

9 days ago by a Underwriting Specialist with 1 to 3 years of experience

$73,000

/yrAvg Base Salary

9 days ago by a Underwriter with 4 to 6 years of experience

$65,000

/yrAvg Base Salary

9 days ago by a Underwriter with 1 to 3 years of experience

$75,000

/yrAvg Base Salary

9 days ago by a Mortgage Underwriter with 1 to 3 years of experience

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Frequently asked questions about a Commercial Underwriter salaries

The national average salary for a Commercial Underwriter is $66,382 per year in United States. Filter by location to see a Commercial Underwriter salaries in your area. Salaries estimates are based on 759 salaries submitted anonymously to Glassdoor by a Commercial Underwriter employees.

The highest salary for a Commercial Underwriter in United States is $95,978 per year.

The lowest salary for a Commercial Underwriter in United States is $45,912 per year.

If you are thinking of becoming a Commercial Underwriter or planning the next step in your career, find details about the role, the career path and salary trajectory of a Commercial Underwriter.

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