Insurance Underwriters pay in Chicago-Naperville-Elgin
In Chicago-Naperville-Elgin (IL), the median pay for insurance underwriters is $48.00 an hour ($99,840 a year). About 4,060 people work in this job there.
That is 23% higher than the U.S. median ($81,370). It is 11% higher than the Illinois median ($89,620).
Pay range for insurance underwriters in Chicago-Naperville-Elgin (IL)
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $30.94 | $64,360 |
| 25% of workers | $36.86 | $76,660 |
| Half of workers (median) | $48.00 | $99,840 |
| 75% of workers | $62.52 | $130,050 |
| 90% of workers | $79.06 | $164,440 |
Insurance Underwriters pay in Illinois metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| Chicago-Naperville-Elgin (this page) | $99,840 | 4,060 |
| Peoria | $75,910 | 250 |
| Springfield | $74,680 | 70 |
Illinois unemployment rate: 4.7% (August 2026), U.S. Bureau of Labor Statistics.
Education, experience and outlook for insurance underwriters
- Typical education to start: Bachelor's degree (BLS)
- Related work experience most have: 1 to 2 years (O*NET)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: -3.8% over ten years, declining · about 6,800 openings a year (BLS)
Related jobs in Chicago-Naperville-Elgin (IL)
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $82,360 |
| Financial and Investment Analysts | $101,750 |
| Personal Financial Advisors | $113,210 |
| Loan Officers | $80,040 |
| Financial Specialists, All Other | $81,740 |
| Financial Examiners | $98,470 |
| Credit Analysts | $92,900 |
| Financial Risk Specialists | $105,370 |
Other job titles for this job
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Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.