Insurance Underwriter salary in Peoria, IL
Insurance Underwriters in the Peoria, IL metro area earn a median of $75,910 a year ($36.49 an hour), based on BLS data for 250 workers.
Pay ranges from $52,480 for the lowest-paid 10% to $123,900 for the top 10%. That is 7% lower than the national median of $81,370. Pay here is 15% lower than the Illinois statewide median of $89,620. There are 1.5 insurance underwriters per 1,000 jobs here — the job is 2.3× more common than nationally. The average (mean) salary is $83,300, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Peoria, IL
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $52,480 | $25.23 |
| 25th percentile | $63,940 | $30.74 |
| Median | $75,910 | $36.49 |
| 75th percentile | $96,250 | $46.28 |
| 90th percentile (top earners) | $123,900 | $59.57 |
| Average (mean) | $83,300 | $40.05 |
Half of insurance underwriters earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,325.83 |
| Semi-monthly (24 a year) | $3,162.92 |
| Biweekly (26 a year) | $2,919.62 |
| Weekly | $1,459.81 |
| Hourly | $36.49 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Insurance Underwriter salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | $99,840 | 4,060 |
| St. Louis, MO-IL | $82,270 | 990 |
| Davenport-Moline-Rock Island, IA-IL | $80,070 | 80 |
| Springfield, IL | $74,680 | 70 |
Highest-paying states for insurance underwriters
| State | Median salary |
|---|---|
| Massachusetts | $106,640 |
| New Hampshire | $103,940 |
| Nevada | $101,440 |
| Connecticut | $100,690 |
| Colorado | $100,640 |
| Washington | $99,400 |
| New York | $97,450 |
| Wisconsin | $97,370 |
| New Jersey | $96,220 |
| Maine | $95,510 |
See Insurance Underwriter pay in every state or the Illinois statewide figures.
Related jobs in Peoria, IL
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $79,540 | $38.24 |
| Financial and Investment Analysts | $83,500 | $40.14 |
| Loan Officer | $74,530 | $35.83 |
| Personal Financial Advisor | $108,930 | $52.37 |
| Financial Specialists, All Other | $78,900 | $37.93 |
| Financial Examiner | $80,000 | $38.46 |
| Financial Risk Specialist | $119,580 | $57.49 |
| Property Appraisers and Assessors | $65,720 | $31.60 |
| Credit Analyst | $66,910 | $32.17 |
| Market Research Analysts and Marketing Specialists | $78,700 | $37.84 |
| Human Resources Specialist | $74,020 | $35.59 |
| Business Operations Specialists, All Other | $76,490 | $36.77 |
| Project Management Specialist | $123,730 | $59.48 |
| Buyers and Purchasing Agents | $96,880 | $46.58 |
More: Business and Financial Operations Occupations · all salaries in Peoria, IL
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2053. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a insurance underwriter make in Peoria, IL?
The median salary for insurance underwriters in the Peoria, IL metro area is $75,910 a year, or $36.49 an hour. Pay ranges from $52,480 for the lowest-paid 10% to $123,900 for the top 10%.
How much do the highest-paid insurance underwriters make in Peoria, IL?
The top 10% of insurance underwriters in the Peoria, IL metro area earn at least $123,900 a year. The top 25% earn $96,250 or more.
What is the starting pay for insurance underwriters in Peoria, IL?
Entry-level pay (the 10th percentile) is about $52,480 a year, and a quarter of insurance underwriters earn $63,940 or less.
How many insurance underwriters work in Peoria, IL?
About 250 insurance underwriters are employed in the Peoria, IL metro area, not counting the self-employed.