Insurance Underwriter Salary
Insurance underwriters evaluate insurance applications, assess risk factors, and determine coverage terms and premium rates for property, health, and life insurance policies.
Insurance Underwriter Salary by Experience Level
Entry-level insurance underwriters earn around $50,000 per year, while mid-career professionals earn $78,000. Senior-level insurance underwriters can earn $115,000 or more.
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See Investment Options →Salary Percentile Breakdown
The salary range for insurance underwriters varies significantly. The bottom 10% earn $48,600, while the top 10% earn $126,400.
| Percentile | Annual Salary |
|---|---|
| 10th Percentile | $48,600 |
| 25th Percentile | $61,200 |
| 50th Percentile (Median) | $77,860 |
| 75th Percentile | $100,000 |
| 90th Percentile | $126,400 |
Insurance Underwriter Salary by State
Insurance Underwriter salaries vary significantly by state due to cost of living, demand, and industry concentration. The highest paying state is Hawaii at $132,362, while Mississippi offers the lowest at $64,624.
| State | Median | |
|---|---|---|
| #1 Hawaii | $132,362 | Details → |
| #2 Massachusetts | $110,561 | Details → |
| #3 California | $107,447 | Details → |
| #4 New York | $104,332 | Details → |
| #5 Alaska | $96,546 | Details → |
| #6 New Jersey | $95,768 | Details → |
| #7 Connecticut | $93,432 | Details → |
| #8 Maryland | $89,539 | Details → |
| #9 Washington | $89,539 | Details → |
| #10 Oregon | $85,646 | Details → |
| #11 Virginia | $84,867 | Details → |
| #12 New Hampshire | $83,310 | Details → |
| #13 Rhode Island | $83,310 | Details → |
| #14 Delaware | $82,532 | Details → |
| #15 Colorado | $81,753 | Details → |
| #16 Illinois | $78,639 | Details → |
| #17 Vermont | $78,639 | Details → |
| #18 Pennsylvania | $77,860 | Details → |
| #19 Minnesota | $77,081 | Details → |
| #20 Florida | $76,303 | Details → |
| #21 Maine | $76,303 | Details → |
| #22 Arizona | $75,524 | Details → |
| #23 Nevada | $75,524 | Details → |
| #24 Utah | $75,524 | Details → |
| #25 Georgia | $73,967 | Details → |
| #26 Montana | $73,967 | Details → |
| #27 North Carolina | $73,967 | Details → |
| #28 Idaho | $73,188 | Details → |
| #29 New Mexico | $72,410 | Details → |
| #30 Nebraska | $71,631 | Details → |
| #31 Texas | $71,631 | Details → |
| #32 Wisconsin | $71,631 | Details → |
| #33 Wyoming | $71,631 | Details → |
| #34 Louisiana | $70,853 | Details → |
| #35 Indiana | $70,074 | Details → |
| #36 Michigan | $70,074 | Details → |
| #37 North Dakota | $70,074 | Details → |
| #38 Ohio | $70,074 | Details → |
| #39 Iowa | $69,295 | Details → |
| #40 South Carolina | $69,295 | Details → |
| #41 Tennessee | $69,295 | Details → |
| #42 Missouri | $68,517 | Details → |
| #43 South Dakota | $68,517 | Details → |
| #44 Alabama | $67,738 | Details → |
| #45 Kansas | $67,738 | Details → |
| #46 Kentucky | $67,738 | Details → |
| #47 Oklahoma | $66,960 | Details → |
| #48 Arkansas | $65,402 | Details → |
| #49 West Virginia | $65,402 | Details → |
| #50 Mississippi | $64,624 | Details → |
Negotiate Your Way to Senior Pay
Data shows Insurance Underwriters who negotiate earn 7–15% more. A single negotiation could add $37,140 over your career trajectory.
Get Negotiation Scripts — $197 →Key Responsibilities
- ● Evaluate insurance applications and assess risk factors
- ● Determine appropriate coverage amounts and premium rates
- ● Review policy terms, conditions, and exclusions
- ● Analyze actuarial data and loss statistics
- ● Negotiate terms with brokers and agents
Top Skills
Education Required
Bachelor's degree
Job Outlook
Decline — projected -2% growth over the next decade
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