How to Become a Insurance Underwriters in Illinois
Insurance Underwriters in Illinois earn a median salary of $89,620/year, which is 10% above the national average. Illinois has a state income tax of ~4.9%. After taxes and rent, a insurance underwriters takes home approximately $4,372/month. Most positions require Bachelor's degree.
What a insurance underwriters can afford in Illinois
Becoming a insurance underwriters in Illinois
Meet education requirements
Insurance Underwriters positions in Illinois typically require Bachelor's degree. Programs are available at colleges and training institutions across Illinois. Research accredited programs in your area.
Gain required experience
Many insurance underwriters positions in Illinois require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Illinois licensure or certification
Illinois may require specific licensing or professional certification for insurance underwriterss. Requirements vary by state, contact the Illinois Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Illinois
Illinois has an active job market for insurance underwriters. The highest concentrations are in Chicago-Naperville-Elgin and Peoria.
Insurance Underwriters salary by metro area in Illinois
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Chicago-Naperville-Elgin | $100K | $48/hr | 4,060 |
| Peoria | $76K | $36.49/hr | 250 |
| Springfield | $75K | $35.91/hr | 70 |
Insurance Underwriters salary range in Illinois
Insurance Underwriters careers in other states
Frequently asked questions
How much does a insurance underwriters make in Illinois?▼
The median insurance underwriters salary in Illinois is $89,620 per year ($43.09/hr). This is 10% above the national median of $81,370. Salaries range from $59,730 to $161,410.
What are the requirements to become a insurance underwriters in Illinois?▼
Insurance Underwriters positions in Illinois typically require Bachelor's degree. Illinois may have specific licensing or certification requirements. Check with the Illinois licensing board or department of labor for current requirements.
Can a insurance underwriters afford to live in Illinois?▼
At the median salary of $89,620, a insurance underwriters in Illinois would take home approximately $5,583/month after taxes. With median 2-bedroom rent at $1,211/month, that's 21.7% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for insurance underwriters in Illinois?▼
The highest paying metro areas for insurance underwriters in Illinois are Chicago-Naperville-Elgin ($99,840), Peoria ($75,910), Springfield ($74,680). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Illinois have state income tax for insurance underwriters?▼
Yes, Illinois has a state income tax rate of approximately 4.9%. On a $89,620 salary, this means roughly $4,436/year in state income tax. Use our take-home pay calculator for a detailed breakdown.