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Renewal Rater Salary
in Maryland, United States

$72,394 (USD)

Average Salary


Average Hourly


Average Bonus

Salary Recap

The average pay for a Renewal Rater is $72,394 a year and $35 an hour in Maryland, United States. The average salary range for a Renewal Rater is between $51,921 and $89,335. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Maryland, United States.

Average Salary Chart

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Job Summary

  • Obtains information and experience data necessary to accurately price the renewal of an insurance plan.
  • Performs experience analysis and calculates required rates and factors.
  • Recommends renewal action to the Underwriter.
  • Typically requires a college degree in math, economics, or a related field and at least five years of underwriting experience.

Salary Potential

Estimated salary in 2023:
5 Year Change:
16 %


Education data not available for this job


Skills data not available for this job

Renewal Rater Job Listings for Maryland, United States

Sales / Design Consultant
Nov 29
Jessup, MD, USA
Renewal By Andersen
Renewal by Andersen, the window replacement and installation experts, are seeking talented sales ... Our compensation plans rewards solid performance with a strong commission rate and the opportunity ...
Marketing Specialist
Nov 9
Baltimore, MD, USA
14 West
... renewals. * Formulate ideas on how to drive new retention rates. * Work in web-based programs to set up HTML email offers, as well as the content and packages for mail offers. * Create campaign ...
Marketing Retention Associate
Nov 28
Baltimore, MD, USA
Money Map Press
You will report to the Renewal & Retention Manager and partner with the Renewals Associate to create campaigns focused on improving customer retention and loyalty, driving down churn rate, and ...
Insurance Brokerage & Placement Specialist - Baltimore
Dec 14
Baltimore, Maryland, USA
M&T Bank Corporation
... and rates that meet customer needs Maintain in-depth knowledge of the insurance marketplace ... Prepare new business and renewal proposals and other presentation documents to assist sales efforts ...
Portfolio Manager (11301)
Sep 21
Annapolis, MD, USA
Severn Bank
Contacts client for any required updates or renewal information. * Maintains quality credit files ... Demonstrates understanding of loan risk rating system and properly grades loans. * Maintains ...