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Insurance Underwriters Salary in New Jersey

How much does a Insurance Underwriters make in New Jersey?

Last updated: 2024 data from the Bureau of Labor Statistics

$93,500
Median Annual Salary
$98,600
Mean Salary
$93,500
Median Salary
$44.95
Hourly Rate
3,170 people work as Insurance Underwriters in New Jersey

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 New Jersey

Salaries for Insurance Underwriters in New Jersey range from $64,790 at the 10th percentile (entry level) to $143,540 at the 90th percentile (experienced). The middle 50% earn between $72,790 and $115,250.

Median $93,500
P10: $64,790 P25: $72,790 P75: $115,250 P90: $143,540
10th
$64,790
25th
$72,790
Median
$93,500
75th
$115,250
90th
$143,540
Percentile Annual Salary Hourly Rate Monthly
10th Percentile (Entry Level) $64,790 $31.15 $5,399
25th Percentile $72,790 $35.00 $6,065
Median (50th) $93,500 $44.95 $7,791
75th Percentile $115,250 $55.41 $9,604
90th Percentile (Experienced) $143,540 $69.01 $11,961

Note: The mean (average) salary of $98,600 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 New Jersey 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 New Jersey?
The median annual salary for a Insurance Underwriters in New Jersey is $93,500 as of 2024. The average (mean) salary is $98,600.
What is the salary range for a Insurance Underwriters in New Jersey?
Salaries for Insurance Underwriters in New Jersey range from $64,790 at the 10th percentile to $143,540 at the 90th percentile. The middle 50%% earn between $72,790 and $115,250.
What is the starting salary for a Insurance Underwriters in New Jersey?
Entry-level Insurance Underwriters positions in New Jersey typically start around $64,790 (10th percentile). With some experience, salaries rise to $72,790 (25th percentile).
How many people work as Insurance Underwriters in New Jersey?
According to 2024 BLS data, approximately 3,170 people are employed as Insurance Underwriters in New Jersey.
What is the hourly rate for a Insurance Underwriters in New Jersey?
Based on a standard 2,080-hour work year, the median hourly rate for a Insurance Underwriters in New Jersey is approximately $44.95 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