Insurance Underwriter salary in Springfield, IL
Insurance Underwriters in the Springfield, IL metro area earn a median of $74,680 a year ($35.91 an hour), based on BLS data for 70 workers.
Pay ranges from $47,950 for the lowest-paid 10% to $145,930 for the top 10%. That is 8% lower than the national median of $81,370. Pay here is 17% lower than the Illinois statewide median of $89,620. There are 0.68 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $84,920, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Springfield, IL
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $47,950 | $23.05 |
| 25th percentile | $58,820 | $28.28 |
| Median | $74,680 | $35.91 |
| 75th percentile | $98,290 | $47.26 |
| 90th percentile (top earners) | $145,930 | $70.16 |
| Average (mean) | $84,920 | $40.83 |
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 | $6,223.33 |
| Semi-monthly (24 a year) | $3,111.67 |
| Biweekly (26 a year) | $2,872.31 |
| Weekly | $1,436.15 |
| Hourly | $35.91 |
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 |
| Peoria, IL | $75,910 | 250 |
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 Springfield, IL
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $86,440 | $41.56 |
| Loan Officer | $78,600 | $37.79 |
| Financial Examiner | $76,790 | $36.92 |
| Financial and Investment Analysts | $83,490 | $40.14 |
| Personal Financial Advisor | $154,370 | $74.22 |
| Financial Specialists, All Other | $69,240 | $33.29 |
| Credit Analyst | $73,950 | $35.55 |
| Financial Risk Specialist | $74,360 | $35.75 |
| Business Operations Specialists, All Other | $95,990 | $46.15 |
| Human Resources Specialist | $78,840 | $37.90 |
| Management Analyst | $91,650 | $44.06 |
| Project Management Specialist | $100,030 | $48.09 |
| Market Research Analysts and Marketing Specialists | $65,090 | $31.29 |
| Training and Development Specialists | $69,590 | $33.46 |
More: Business and Financial Operations Occupations · all salaries in Springfield, 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 Springfield, IL?
The median salary for insurance underwriters in the Springfield, IL metro area is $74,680 a year, or $35.91 an hour. Pay ranges from $47,950 for the lowest-paid 10% to $145,930 for the top 10%.
How much do the highest-paid insurance underwriters make in Springfield, IL?
The top 10% of insurance underwriters in the Springfield, IL metro area earn at least $145,930 a year. The top 25% earn $98,290 or more.
What is the starting pay for insurance underwriters in Springfield, IL?
Entry-level pay (the 10th percentile) is about $47,950 a year, and a quarter of insurance underwriters earn $58,820 or less.
How many insurance underwriters work in Springfield, IL?
About 70 insurance underwriters are employed in the Springfield, IL metro area, not counting the self-employed.