Insurance Risk Engineer Salary in Chicago, IL
$40.2K - $49.4K
3% of jobs
$49.4K - $58.7K
3% of jobs
$58.7K - $68K
4% of jobs
$68K - $77.3K
8% of jobs
$86.4K is the 25th percentile. Wages below this are outliers.
$77.3K - $86.5K
7% of jobs
$86.5K - $95.8K
6% of jobs
The median wage is $104.1K / yr.
$95.8K - $105.1K
21% of jobs
$105.1K - $114.3K
5% of jobs
$120.5K is the 75th percentile. Wages above this are outliers.
$114.3K - $123.6K
27% of jobs
$123.6K - $132.9K
3% of jobs
$132.9K - $142.2K
13% of jobs
$40.2K
$105.6K
$141.6K
$104,820
/year
$50.39
/hour
Insurance Risk Engineer Salary Comparison by Location
Nationwide
United States
$101,752
Chicago
Illinois
$104,820
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How much does an Insurance Risk Engineer make in Chicago, Illinois?
As of Aug 8, 2026, the average annual pay for an Insurance Risk Engineer in Chicago is $104,820 a year.
Just in case you need a simple salary calculator, that works out to be approximately $50.39 an hour. This is the equivalent of $2,015/week or $8,735/month.
While ZipRecruiter is seeing salaries as high as $141,645 and as low as $40,176, the majority of Insurance Risk Engineer salaries currently range between $86,500 (25th percentile) to $120,000 (75th percentile) with top earners (90th percentile) making $139,069 annually in Chicago. The average pay range for an Insurance Risk Engineer varies greatly (by as much as 33500), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
To estimate the most accurate annual salary range for Insurance Risk Engineer jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.
Find your next high paying job as an Insurance Risk Engineer on ZipRecruiter today.
What are Top 5 Best Paying Related Insurance Risk Engineer Jobs in Chicago
We found a few jobs that pay more than jobs in the Insurance Risk Engineer category in Chicago, IL.
For example International Global jobs pay as much as $16,658 (15.9%) more than the average Insurance Risk Engineer salary of $104,820. If you're qualified, finding work as an International Global may help you make more money than that of the average Insurance Risk Engineer position.
Job Title | Annual Salary | Hourly Wage |
|---|---|---|
International Global | $121,478 | $58.40 |
Talent Acquisition Partner | $80,291 | $38.60 |
Product Surveillance Specialist | $55,952 | $26.90 |
Dhs Entry Level | $51,339 | $24.68 |
Green Energy | $40,682 | $19.56 |
About Our Data
ZipRecruiter salary estimates, histograms, trends and comparisons are derived from both employer job postings and third party data sources.
