FinanceOfficial Payroll Survey · 99/1000–2 years
Entry Level Insurance Underwriter Salary in Chicago
2026 · Recent graduates and professionals with under 2 years of experience.
$59,564/yr
Typical range: $53,270 – $70,460
P10–P25 · BLS OEWS employer payroll data
Insurance Underwriter salary by experience level in Chicago
Insurance Underwriter Salary Progression in Chicago
From entry-level through staff — based on BLS OEWS percentile data
| Experience Level | Years | Percentile | Annual Salary | Monthly | vs Entry |
|---|---|---|---|---|---|
| EntryThis page | 0 yrs | 0 yrs | $59,564 | $4,964 | — |
| Junior | 2 yrs | 2 yrs | $76,857 | $6,405 | +29% |
| Mid-Level | 4 yrs | 4 yrs | $89,666 | $7,472 | +51% |
| Senior | 6 yrs | 6 yrs | $107,984 | $8,999 | +81% |
| Staff | 10 yrs | 10 yrs | $155,635 | $12,970 | +161% |
| Principal | 14 yrs | 14 yrs | $211,740 | $17,645 | +255% |
| Distinguished | 18 yrs | 18 yrs | $225,767 | $18,814 | +279% |
Current Salary
$59,564
Entry Level · 0–2 years
Hourly: $29/hr
Next Level Target
$76,857
Junior · 2
+$17Kpotential uplift
Career Opportunity
14/100
High Risk
+5% demand · Moderate AI risk
Frequently Asked Questions
What is the entry level Insurance Underwriter salary in Chicago, IL?
Entry Level Insurance Underwriters in Chicago, IL earn approximately $60K per year (2026). This corresponds to the P10–P25 range of BLS OEWS employer payroll data.
How much does a entry level Insurance Underwriter make per hour in Chicago, IL?
Based on $60K annually, the hourly rate is approximately $29/hr (2,080-hour work year).
How do I get from entry level to senior Insurance Underwriter in Chicago, IL?
The typical progression takes 4–6 years with consistent skill development, project leadership, and strategic job moves. A senior Insurance Underwriter in Chicago, IL earns $131K–$173K/yr.