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Insurance Underwriters Salary in Illinois

How much does a Insurance Underwriters make in Illinois?

Last updated: 2024 data from the Bureau of Labor Statistics

$84,580
Median Annual Salary
$97,210
Mean Salary
$84,580
Median Salary
$40.66
Hourly Rate
8,480 people work as Insurance Underwriters in Illinois

About This Job: Insurance Underwriters

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Top Skills

Reading Comprehension
3.75
Active Listening
3.75
Writing
3.75
Critical Thinking
3.75
Speaking
3.62

Key Knowledge Areas

English Language
4.0
Customer and Personal Service
3.9
Mathematics
3.27
Sales and Marketing
3.17
Administrative
2.93
Typical Education: Bachelor's Degree (70.0% of workers)

Source: O*NET OnLine, U.S. Department of Labor

Salary Range: Insurance Underwriters in Illinois

Salaries for Insurance Underwriters in Illinois range from $51,460 at the 10th percentile (entry level) to $158,600 at the 90th percentile (experienced). The middle 50% earn between $65,460 and $124,440.

Median $84,580
P10: $51,460 P25: $65,460 P75: $124,440 P90: $158,600
10th
$51,460
25th
$65,460
Median
$84,580
75th
$124,440
90th
$158,600
Percentile Annual Salary Hourly Rate Monthly
10th Percentile (Entry Level) $51,460 $24.74 $4,288
25th Percentile $65,460 $31.47 $5,455
Median (50th) $84,580 $40.66 $7,048
75th Percentile $124,440 $59.83 $10,370
90th Percentile (Experienced) $158,600 $76.25 $13,216

Note: The mean (average) salary of $97,210 differs from the median because salary distributions are typically skewed by high earners.

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What does this salary really buy? See Insurance Underwriters salary in Illinois adjusted for cost of living →

Insurance Underwriters Salary by State

Compare Insurance Underwriters pay across states — sorted by highest median salary.

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Frequently Asked Questions

How much does a Insurance Underwriters make in Illinois?
The median annual salary for a Insurance Underwriters in Illinois is $84,580 as of 2024. The average (mean) salary is $97,210.
What is the salary range for a Insurance Underwriters in Illinois?
Salaries for Insurance Underwriters in Illinois range from $51,460 at the 10th percentile to $158,600 at the 90th percentile. The middle 50%% earn between $65,460 and $124,440.
What is the starting salary for a Insurance Underwriters in Illinois?
Entry-level Insurance Underwriters positions in Illinois typically start around $51,460 (10th percentile). With some experience, salaries rise to $65,460 (25th percentile).
How many people work as Insurance Underwriters in Illinois?
According to 2024 BLS data, approximately 8,480 people are employed as Insurance Underwriters in Illinois.
What is the hourly rate for a Insurance Underwriters in Illinois?
Based on a standard 2,080-hour work year, the median hourly rate for a Insurance Underwriters in Illinois is approximately $40.66 per hour.

Data Source & Methodology

Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.

Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.

Our Methodology · Data Sources · Source: BLS OEWS